![]() Bank of America is not responsible for any automobile content, products, or services.įirst, the Getting Started stage, when you can research vehicles and financing options. Automobile shopping content provided by automobile dealerships through a website provided by a third party not affiliated with Bank of America and is not available in all states. Credit and collateral are subject to approval. ![]() Vehicle financing provided by Bank of America. There will be three main stages to the process. The auto financing process begins with being informed about the whole experience, and we're here to make it as stress-free as possible, to help you get the auto financing you're looking for. There are many factors that can impact how much your monthly payment will be. You probably spend plenty of time researching what vehicle you really want, using our Online Auto Shopping tool, or other resources.īut researching your auto financing is just as important. Whether it's a high-powered sports car for your fast-paced personality, or the family-friendly electric vehicle you need for your growing family, Bank of America® can help you feel more in control on the road to buying and financing your next vehicle. View our Bank of America auto loan eligibility requirements for more information.īuying the vehicle that complements your lifestyle is important. ![]() No loan documentation fee, but title and state fees may apply.Įxample: A 5-year, fixed-rate new car loan for $37,000 would have 60 monthly payments of $ 358 each, at an annual percentage rate (APR) of %.Įxample: A 5-year, fixed-rate used car loan for $25,000 would have 60 monthly payments of $ 358 each, at an annual percentage rate (APR) of %.Įxample: A 5-year, fixed-rate refinance loan for $23,000 would have 60 monthly payments of $ 358 each, at an annual percentage rate (APR) of %.Įxample: A 5-year, fixed-rate lease buy-out loan for $21,000 would have 60 monthly payments of $ 358 each, at an annual percentage rate (APR) of %. These discounts will be reflected in your individual APR quote if you are approved for a loan. Your actual APR may differ based on your credit history, approved loan amount, term, state of residence and applicable discounts, such as Preferred Rewards. Change your stateĪdvertised as low as APRs (Annual Percentage Rate) assume excellent borrower credit history.
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