Bank of America Auto Loans
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.
Last checked on June 13, 2026. We may earn a commission when you click through.
Bank of America offers a solid option for car loans with competitive rates and easy online application processes.
Bank of America Auto Loans
Updated 1 day agoAt a Glance
Representative APR
5.49–17.99%
Loan Amount
$7,500–$100,000
Term
12–75 mo
Decision
Same day
Eligibility Requirements
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.
Our Verdict
Bank of America offers a solid option for car loans with competitive rates and easy online application processes.
Best For
This lender is best for those with good credit looking for a reliable and quick auto loan solution.
Watch Out
Be mindful of the higher end of the APR range, which can reach up to 17.99%, potentially making loans expensive if your credit score isn't strong.
What Customers Say
Customer reviews indicate mixed experiences, especially regarding customer service, though many appreciate the quick approval process.
Expert Analysis
If you're in the market for an auto loan, Bank of America offers loans ranging from $7,500 to $100,000 with terms between 12 to 75 months. Their APR starts at 5.49% for those with good credit, but can escalate to 17.99%, making it essential to shop around. The company promises same-day approval, which can be a significant advantage for urgent purchases.
The online application is straightforward, appealing to tech-savvy borrowers. However, some customers have reported less-than-stellar customer service experiences, which could impact your loan journey. Unlike some competitors such as LightStream, who are known for quick funding and top-tier support, Bank of America’s customer service might not meet all expectations.
Additionally, while the relationship discounts can provide savings for existing Bank of America customers, new borrowers may not benefit as much. We recommend comparing their rates and terms with other lenders like Capital One or Chase to ensure you're getting the best deal available for your situation. Check out their offerings on Bank of America's auto loans page.
You'll be redirected to bankofamerica.com
Rates shown are representative. Your actual rate may differ based on your circumstances. We may earn a commission for referrals.
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