Bank of America Auto Loans
Bank of America provides auto loans for new and used vehicles with rates starting at 5.49% APR and a maximum of 17.99%.
Last checked on June 7, 2026. We may earn a commission when you click through.
Our analysis indicates that Bank of America's auto loans offer flexibility and especially for existing customers.
Bank of America Auto Loans
Updated 1 day ago| APR | Amount | Term |
|---|---|---|
| 5.49–17.99% | $7,500–$100,000 | 12–75 mo |
Requirements
US resident
Aged 18+
Good credit
Decision
Same dayOur Verdict
Our analysis indicates that Bank of America's auto loans offer flexibility and especially for existing customers.
Best For
Best for borrowers with good credit looking for quick approval and relationship discounts.
Watch Out
Potential borrowers with lower credit scores may face higher rates, making it less ideal for them.
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About this loan
Bank of America provides financing for new and used cars with rates starting at 5.49% APR and flexible loan terms up to 75 months.
What Customers Say
Customer feedback highlights quick approvals but mentions mixed experiences with customer service.
Expert Analysis
Bank of America offers auto loans ranging from $7,500 to $100,000 with terms from 12 to 75 months. The APR starts at 5.49%, but can go up to 17.99%, depending on creditworthiness.
The application process is quick, with same-day approval for many applicants. This speed is beneficial, particularly for those needing immediate financing. However, those with credit scores below 660 might encounter challenges qualifying for the lower rates.
Their online platform and mobile app provide great accessibility for managing loans, but . Some users report delays in responses when needing assistance, so it's wise to consider this if you anticipate needing support during your loan term.
In terms of flexibility, Bank of America allows borrowers to make additional payments without penalties, which can help in paying off loans faster. However, compare with other lenders like LightStream or Capital One, who may offer more for those with excellent credit profiles.
Rates shown are representative. Your actual rate may differ based on your circumstances. We may earn a commission for referrals.
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