Bank of America Auto Loan — Financing with the Strength of a Trusted Institution

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When you’re looking for a car loan backed by the stability of one of the largest banks in the U.S., Bank of America Auto Loans deliver. 

With competitive interest rates, a straightforward application process, and a wide range of loan options, Bank of America combines nationwide reach with personalized financing solutions. 

Whether you’re buying new, purchasing used, or refinancing an existing loan, the bank’s programs are designed to meet different needs and budgets.

Borrowers benefit from the ability to prequalify online without affecting their credit score, allowing them to explore rates and terms before committing. 

This transparency, combined with loyalty rate discounts for qualifying customers, makes Bank of America an appealing choice for both first-time buyers and experienced car owners.


See Your Terms with No Impact to Your Credit Score

Buy from Dealer or Private Seller

Go to the Dealer with Pre-Approval

Refinance for Better Terms


Top Auto Loan Options in the US

Chase Auto Loans: Large dealer network and special offers for existing customers.
PenFed Credit Union: Low rates and flexible terms for members.
LightStream: Unsecured auto loans with no restrictions on vehicle age or mileage.
U.S. Bank Auto Loans: Preapproval, refinancing, and broad dealer partnerships.
Bank of America Auto Loans: Flexible purchase options, competitive rates, and customer loyalty rewards.

Traditional Bank Financing

Offers stability, in-person service, and fixed rates for qualified borrowers.

Bank of America Auto Loans

Competitive APRs, loyalty perks, and flexible purchase channels.

Online Lending Platforms

Great for rate comparison, though less personalized service.

Unsecured Personal Loans

No collateral, but usually higher rates

Buy Here Pay Here

Accessible for all credit levels but often more expensive.

How Auto Loans Affect Credit & Finances

Making on-time payments on your Bank of America Auto Loan can help build your credit score and strengthen your borrowing history.

Late or missed payments can negatively impact your credit and increase your debt load.

When you shop for rates with multiple lenders within a short timeframe, inquiries are typically grouped as one, helping protect your score while you search for the best deal.

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