Bank of America Sign in Show/Hide Menu related links Auto Loans Lock in your low fixed rate today Fast application. Fast credit decision. 30-day rate lock. Footnote 1 Apply now for Auto loan Purchase click to go to Refinance details page Fixed rates as low as New car (dealer) 2.29% APR† scroll to new car example Disclaimer section Used car (dealer) 2.49% APR† scroll to old car example Disclaimer section Rate as of November 24, 2021 for a 60-month term open More terms available information tooltip layer layer Advertised as low as APR (Annual Percentage Rate) assumes excellent borrower credit history. Your actual APR may differ based on your credit history, approved loan amount, term, state of residence and applicable discounts, such as scroll to Preferred Rewards section . These discounts will be reflected in your individual APR quote if you are approved for a loan. No loan documentation fee, but title and state fees may apply. Shop for a car and apply online Choose from over 2 million vehicles at select Bank of America authorized dealers and apply for financing—all online. It's the kick-back-and-relax way to shop for a car. Navigate to Shop for your car page Financing is easier at authorized dealers Have your financing in hand before you set foot in the dealership. Search our network of authorized dealers, qualify for Bank of America financing and finalize the purchase price with your dealer. Footnote 2 Enter ZIP First 5 Digits Required click to Find nearby dealers Estimate your monthly car payment Enter loan amount and loan type Loan amount Enter only numeric digits without decimals. $ Loan type New car (dealer) Used car (dealer) Refinance Buy out your lease Private party Calculate monthly payments $35460 months 2.29% APR your estimated monthly payment $ for at % APR Important note about this calculator The figures entered on the input page of this calculator are for hypothetical purposes only. You should enter figures that are appropriate to your individual situation. The results provided by this calculator are also intended for illustrative purposes only and accuracy is not guaranteed. Bank of America and its affiliates are not tax or legal advisers. This calculator is not intended to offer any tax, legal, financial or investment advice and does not assure the availability of or your eligibility for any specific product offered by Bank of America, its affiliates or any other institution, nor does this calculator predict or guarantee the actual results of any investment product. The terms and conditions of products offered by institutions will differ and may affect the results of the calculator. Please consult with qualified professionals to discuss your situation. The final APR may differ from the APR in the above results due to additional fees that may be applicable. Online Banking customers may apply online for an auto loan to purchase a vehicle from a private party (an individual seller). If you're not currently enrolled in Online Banking, or click to schedule an appointment to apply for your loan. Calculate other finance terms Link to open Auto loan calculator Link to open Refinance Loan calculator Members can get an interest rate discount Footnote 3 of Gold 0.25% Platinum 0.35% Platinum Honors 0.50% Learn more about preferred rewards More ways to finance the vehicle you want Keep the car you're leasing With a lease buyout loan Footnote 4 Apply now for lease buyout loans Buy from a private seller With a private party loan Footnote 5 Apply now for private party loans More information Learn about lease buyout loans Learn about private party loans Accessible vehicle loans Flexible financing terms for customers with disabilities or access needs. Learn more about Accessible vehicle loans Small business vehicle loans Purchase or refinance cars, vans and light trucks to keep your business rolling. Learn more about Small business vehicle loans Learning center Learn more about how loan works ARTICLE How car loans work A lower monthly payment doesn't always mean you're saving money Learn more about financing a car ARTICLE Financing a car Find out what you should know before applying for financing Learn more about When should you refinance ARTICLE When should you refinance? If you're thinking about refinancing a car, consider these factors FAQs click to know about What are your auto loan eligibility requirements? click to know about How long does it take to get approved for an auto loan? click to know about What are the benefits of refinancing my auto loan? View all auto loan FAQs Connect with us Schedule an appointment Find a location Call us Mon.- Fri. 8 a.m. - midnight ET Sat. 8 a.m. - 8 p.m. ET Results shown are for CA. open Change your state modal layer †New car (dealer): Example: A 5-year, fixed-rate new car loan for $37,000 would have 60 monthly payments of $654 each, at an annual percentage rate (APR) of 2.29%. Rate valid for 30 days from the date of original application submission. †Used car (dealer): Example: A 5-year, fixed-rate used car loan for $25,000 would have 60 monthly payments of $444 each, at an annual percentage rate (APR) of 2.49%. Legal Information and Disclosures Rate valid for 30 days from the date of original application submission. Bank of America works with thousands of automobile dealerships across the country to assist our customers with the financing of their new and used vehicles. Bank of America is not affiliated with these dealerships and does not require any particular dealership for your vehicle buying experience. Consequently, Bank of America makes no warranties and representations and is not otherwise responsible for any aspect related to the purchase of your vehicle and associated products and services from these authorized dealerships. Auto loan preferred interest rate discount of 0.25% to 0.50% is based on reward tier and valid only for enrolled Preferred Rewards members at the time of auto loan application who obtain a Bank of America auto purchase or refinance loan. The maximum preferred interest rate discount on a Bank of America auto loan is 0.50%. This preferred interest rate discount is not reflected in our published rates on our website but will be reflected in the interest rate quoted upon loan approval. Discounts are only available on auto loan applications submitted by you to Bank of America and not applications submitted through dealerships. Benefit is non-transferable. Subject to credit approval. Standard underwriting guidelines and credit policies apply. Before considering a lease buyout loan, you should review your lease agreement for the terms and conditions under which the lease can be terminated if it hasn't yet expired, particularly if there are any fees or expenses that may be due pursuant to the terms of the lease. Online Banking customers may apply online for an auto loan to purchase a vehicle from a private party (an individual seller). If you’re not currently enrolled in Online Banking, please visit a financial center or schedule an appointment to apply for your loan. Bank of America Auto Loans Auto Loans & Rates New & Used Car Loans Auto Refinance Loans Auto Loan Rates Accessible Vehicle Loans Auto Loan FAQs Electric Vehicles Calculators Auto Loan Calculator Auto Refinance Calculator Auto Loan Basics How Car Loans Work How Financing a Car Works Private Party Auto Loans Is Auto Loan Refinancing Right for You? 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