You have a few options when using Bank of America to buy a car: Franchise dealers Franchise dealers sell new and used cars for auto manufacturers such as Ford, General Motors, Chrysler, Honda and others. Approved independent dealers Independent dealers are not affiliated with auto manufacturers. Bank of America only finances vehicles purchased from the following independent dealers: CarMax, Hertz Car Sales, Enterprise Car Sales and Carvana. Private party You can purchase a vehicle from another individual via a private party loan. Online Banking customers may apply online for a private party loan. If you’re not currently enrolled in Online Banking, please visit a financial center or schedule an appointment to apply for your loan. Please be aware that there are additional requirements for private party loans including: The seller(s) must be the same as the registered owner(s) listed on the vehicle title The vehicle must be purchased directly from the seller/owner (consignment sales are not eligible for financing) Regardless of who you purchase your car from, be sure to review what to do once approved.