Buying a car has never been easier with Bank of America. Auto Loans from Bank of America gives great fixed rates on new, used and refinanced auto loans– only $311.00 a month for a $25,000 new car. You can decide which option will suit you best, and then structure a great car or asset finance deal to help get you on your way from multiple options, including dealer purchase, private party purchase, refinance and lease buyout.
Online Banking Services
Online Banking now offers the following account services for Auto loans:
- Secure, free online payments option
- Get last payment information, current balance and payoff amount
- View interest paid for previous year and year-to-date
- Request services, download forms and instructions
- Access additional account services
Auto Loan Process
Four simple steps will guide you to Bank of America auto loan.
- Step 1: Complete the application.Fill in all the required information and submit your request.
- Step 2: Receive a decision.Most applications will receive a decision within 60 seconds, or you will be notified via email If your decision is not ready.
- Step 3: Ready to buy. Approved applicants will receive a list of financing options. You will be contacted by one of our loan representatives within one business day to verify your identity and advise you of the next steps to complete your loan.
- Step 4: Closing the deal. Your loan representative will prepare a loan package that includes all the necessary documents for your signature. Your package will be sent electronically or via express delivery. Just get everything signed and send it back using the appropriate method (electronically or pre-paid envelope). Notary may be required. Bank of America will verify your documents and fund your loan quickly.
Bank of America Car Buying Center
Bank of America delivers Car Buying Center – a Bank of America’s car buying homepage – for your ease and convenience in buying a car. The Bank of America Car Buying Program is an information publishing site operated by Zag.com Inc. and features pricing, performance, technical and safety data available for new and used car/truck purchases at participating dealers. You will be guided in each step from choosing your car, locate a Bank of America Certified Dealers, and contact the dealer you have choosen.