Auto Loan Rates from Bank of America

Lock in your auto loan rate

Get a fixed-rate loan for new cars, used cars and refinancing.

Lock in your auto loan rate
60-month auto loan options More terms available	Rates as low as
New car (dealer)	2.99% APR ^†
Used car (dealer)	3.29% APR ^†
Refinance	3.99% APR ^†
Buy out your lease	4.09% APR ^†

as of May 28, 2025

Apply now for a vehicle loan button

Learn more about our auto loans »
Bank of America no longer offers Private Party auto loans

as of May 28, 2025

Rates displayed do not include the additional Preferred Rewards interest rate discount up to 0.50%.

Not ready to apply? Start a prequalification^{Footnote
[1]}

Shop with confidence. In only minutes, see what you may be able to borrow with no credit score impact. Bank of America login required.*

Get prequalified Learn more about an auto prequalification with Bank of America.

*If you don't have a Bank of America login, you may apply for a loan.^{Footnote
[2]}

Get prequalified Learn more about an auto prequalification with Bank of America.

*If you don't have a Bank of America login, you may apply for a loan.^{Footnote
[2]}

With a Bank of America auto loan, you’ll get:

Competitive rate

Apply for a competitive rate on a new or used dealer purchase loan or refinance your existing loan.

Quick decision

With our no-fee application, you’ll quickly know your rate before you go to the dealer.

30-day rate lock guarantee^{Footnote
[3]}

Your rate is good for 30 days, so you’ll have plenty of time to shop for that perfect vehicle.

Interest rate discount

Bank of America customers may be eligible for a Preferred Rewards discount of 0.25% to 0.50%^{Footnote
[4]}.

0.25%

Gold Tier

0.35%

Platinum Tier

0.50%

Platinum Honors Tier and higher

Learn more about Preferred Rewards

Your auto loan made easy

Apply online

There's no fee to apply and you'll receive a decision quickly.

Apply Now
Lock in your rate

Apply early so you know how much car you can afford. Your 30-day rate lock^{Footnote
[3]} gives you plenty of time to shop.
Close the deal

With your approved rate in hand, you’ll be ready to complete your refinance or go find your new ride!

Once you apply you can check application status, upload and download loan documents online using our check status tool.

A streamlined purchase experience

with our network of authorized dealers^{Footnote
[5]}

Save time by purchasing your next vehicle at a Bank of America authorized dealer. If you're approved, you'll receive an Approval Code that lets authorized dealers quickly retrieve your information and streamline your purchase.