You can use a Bank of America auto loan to purchase a car from a private individual, or to refinance an auto … After 6 years of having my Bank of America credit card bill paid through auto pay in full each month, Bank of America suddenly canceled it without notice or alert. 9 a.m. - 8 p.m. Print your dealer letter (which is used to pull up your approved loan information) and take it to the dealership. ET. If you opt out, though, you may still receive generic advertising. All rights reserved. Bank of America and its affiliates are not tax or legal advisers. Bank of America wants to see a strong credit history, steady income, and low credit utilization. Auto Loan Refinance Bank Of America. 8 a.m. - 8 p.m. Your car payment covers more than the cost of the car—and a lower payment may not always save you money. Founded in 1874 and based in North Carolina, Bank of America is a leading provider of financial products to individual consumers, businesses, and large corporations. The results provided by this calculator are also intended for illustrative purposes only and accuracy is not guaranteed. Please consult with qualified professionals to discuss your situation. So I will soon be in the market for auto loans, and I do most of my banking at bank of america. Your dealer letter can be found in the check status tool.If you are not purchasing from an authorized dealer please give us a call before you go so we can help prepare the required paperwork. Relationship-based ads and online behavioral advertising help us do that. You have the right to receive the Consumer Information on paper. View our Bank of America auto loan eligibility requirements for information about minimum amounts financed, applicant eligibility and more. The figures entered on the input page of this calculator are for hypothetical purposes only. We strive to provide you with information about products and services you might find interesting and useful. See how much you could save by refinancing your car loan. Advertised as low as APRs (annual percentage rates) assume excellent borrower credit history. 1 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. Use the check status tool to upload and download loan documents online. We sent an email with the download link to, We sent a text message with the download link to, † Disclosure layer to See why your actual APR may differ. You’ll work with a loan specialist and can use the check status tool to provide any additional documentation needed to finalize your loan. The maximum preferred interest rate discount on a Bank of America auto loan is 0.50%. Apply to see if you can lower payments or pay your loan off sooner, keeping more money in your pocket. You should enter figures that are appropriate to your individual situation. If you prefer that we do not use this information, you may opt out of online behavioral advertising. Compare prices and use a car … View our Bank of America auto loan eligibility requirements for more information. Change your state. Equal Housing Lender new window. FHA Modification Call us today at: 800 669 6650; Monday-Friday 8 a.m.- 8 p.m. Eastern; You can also check the status of your modification application online to see if your application has been received, where you are in the document submission process and if you need to send us any additional documents. U.S. citizen, 18 years old; Available in all states; To be eligible for an auto loan through Bank of America, you must be either a U.S. citizen or resident alien (permanent or non-permanent), and also 18 years old or otherwise be allowed to legally arrange auto finance in your state of residence. When applying for new credit it’s important to know what your credit scores are and what’s on your credit reports. Not only do they refinance existing car loans, they offer consumers access to several other lending solutions, payment plans, financial assistance programs and products. CBS News. Bank of America is not affiliated with these dealerships and does not require any particular dealership for your vehicle buying experience. With your consent, we may provide the Consumer Information to you electronically instead. Our online application allows you to select terms of 48, 60 or 72 months; you can discuss other terms with your loan officer after your application is submitted. See rates for new and used car loans and find auto loan refinance rates from lenders. You'll work with a loan specialist and will need to provide your current registration and a 10 day payoff letter. Bank of America auto loan terms range from 48 to 72 months. Bank of America, Suntrust Home Mortgage Rate Deals Yesterday Jan 21, 2015. Results shown are for . It operates worldwide, in over 35 countries across Europe, Africa, Asia Pacific, the Americas, and the Middle East. In theory, refinancing doesn't cost anything. Bank of America Auto Loan offers an auto loan product that ranges from 3.39% APR. Bank of America's current APR for refinancing a vehicle is 4.13%. Gamespot. Refinance your auto loan to a rate as low as. On the Bank of America auto loan FAQ page, it specifically mentions loan-to-value as a consideration, meaning it’s best for you not to take out an auto loan for more than the car is worth. You can call us right after you're approved – no need to wait! Bank of America Auto Loans - Read unbiased reviews of Bank of America Auto Loans, rated 2.5 out of 5 stars by 178 users. If you're enrolled in this security feature, we sent a notification to your registered device. Dealership and private party financing with big loyalty discounts. Apply for an auto loan online – most decisions take about 60 seconds and you’ll know your monthly payment before you shop. Member FDIC. TV.com. ET, Mon.- Fri. 9 a.m. – midnight ETSat. Take advantage of flexible terms and competitive rates when you refinance your car with U.S. Bank. These discounts will be reflected in your individual APR quote if you are approved for a loan.New car (dealer):Example: A 5-year, fixed-rate new car loan for $37,000 would have 60 monthly payments of $358 each, at an annual percentage rate (APR) of %.Used car (dealer):Example: A 5-year, fixed-rate used car loan for $25,000 would have 60 monthly payments of $358 each, at an annual percentage rate (APR) of %.Refinance:Example: A 5-year, fixed-rate refinance loan for $23,000 would have 60 monthly payments of $358 each, at an annual percentage rate (APR) of %.View our Link to Bank of America auto loan eligibility requirements for more information. Before you leave our site, we want you to know your app store has its own privacy practices and level of security which may be different from ours, so please review their polices. Member FDIC. Discounts average $127 off with a Bank of America promo code or coupon. Please tell us where you bank so we can give you accurate rate and fee information for your location. Your APR can vary depending on several factors, such as your credit score. Bank of America waives fees, defers payments on credit cards, some mortgages and auto loans during coronavirus Bank of America cardholders are receiving financial relief during coronavirus. If you don't I suggest you go to the bank … finder.com’s rating: 3.5 / 5.0 ★★★★★ Bottom line: Bank of America offers simple auto loans with helpful tools to guide your application and payments.Its rates compare to other large banks and you can qualify for a discount if you already have an account. If you have questions about your loan quote, visit a local U.S. Bank branch or by phone 1-800-US-BANKS. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. Lease buyout and auto refinancing options are also available. Text message fees may apply from your carrier. Before you leave our site, we want you to know your app store has its own privacy practices and level of security which may be different from ours, so please review their policies. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. ET, Mon.- Fri. 9 a.m. – midnight ETSat. We strive to provide you with information about products and services you might find interesting and useful. You don't have early repayment fees on your Bank of America auto loan and the only charge that applies is the fee for the Department of Motor Vehicles (DMV) to change the lienholder on your vehicle title. Results shown are for . When I called, they let me know that it was a “trial“ service and that it automatically canceled. for an auto lease buyout or private seller loan, Learn more about mobile banking options and supported devices, Find more helpful tools and information at Better Money Habits, Know your monthly payment before you go to the dealership, Once you get to the application, you will need to sign in with your Online Banking ID and Passcode, Once you apply, your rate is locked for 30 days. Estimate how much you might save by refinancing your auto loan. Tech Republic. Learn about lease buyout auto loans, Find more helpful tools and information at Better Money Habits®, Mon.- Fri. 8 a.m. – midnight ETSat. 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. Founded in 1784, Bank of America offers auto refinance loans in 50 states (and Washington, DC). Loans for customers needing accessible vehicles, Small business vehicles and equipment loans. Bank of America, N.A. Bank of America car and auto loan refinancing. If you’re not currently enrolled in Online Banking, visit a financial center or schedule an appointment to apply for your loan. When I discovered the payment wasn’t made, I had already been charged a late fee. Any advice, known guidelines (loan to value or fico requirements)? Refinance:Example: A 5-year, fixed-rate refinance loan for $23,000 would have 60 monthly payments of $ each, at an annual percentage rate (APR) of %. Your Application - Bank of America 1 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. These ads are based on your specific account relationships with us. ... % APR† Apply now to refinance your auto loan button Apply now to refinance your auto loan button. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. If you prefer that we do not use this information, you may opt out of online behavioral advertising. To be eligible for the 0.25% discount on auto loans, you need have a Bank of America personal checking account and an average of $20,000 for a 3 –month period. But Bank of America doesn’t offer the ability to get prequalified to view estimated rates, and the lender is selective about which dealerships you can buy from. Suggestions. 5 Bank of America coupons now on RetailMeNot. Bank of America overview. Bank of America's auto loans beat out the competition with low interest rates and APRs. Lock into a low rate, estimate a monthly payment – all before you visit the dealership, Refinancing could help you lower your rate and payment, Get a low rate to buyout your lease or to buy from a private seller. Your actual APR may differ based on your credit history, approved loan amount, term, state of residence and applicable discounts, such as Preferred Rewards. If you're approved, you'll receive an Approval Code that lets authorized dealers quickly retrieve your information and streamline your purchase. 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). You might not be able to roll over negative equity from a trade-in vehicle into a new Bank of America auto … ... My loan was a refinance on my auto. These discounts will be reflected in your individual APR quote if you are approved for a loan. Bank of America, N.A. Please try again, or use your mobile device to get the app from its app store. Then use our online tools to finalize your loan quickly. Relationship-based ads and online behavioral advertising help us do that. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Bank of America Online Privacy Notice and our Online Privacy FAQs. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. 9 a.m. - 8 p.m. These discounts will be reflected in your individual APR quote if you are approved for a loan.New car (dealer):Example: A 5-year, fixed-rate new car loan for $34,000 would have 60 monthly payments of $358 each, at annual percentage rate (APR) of %.Used car (dealer):Example: A 5-year, fixed-rate used car loan for $23,000 would have 60 monthly payments of $358 each, at an annual percentage rate (APR) of %.Refinance:Example: A 5-year, fixed-rate refinance loan for $22,000 would have 60 monthly payments of $358 each, at an annual percentage rate (APR) of %.View our Link to Bank of America auto loan eligibility requirements for more information. © 2020 Bank of America Corporation. Loan amounts starting at $7,500; Terms between 12; and 75. months; Bank of America offers a wide variety of loans, but its loans aren’t available for specialty vehicles such as motorcycles or RVs. Please tell us where you bank so we can give you accurate rate and fee information for your location. 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 or Preferred Rewards for Wealth Management clients at the time of auto loan application who obtain a Bank of America auto purchase or refinance loan. Dealerships and does not require any particular dealership for your location layerAdvertised as low as APRs ( percentage. Refinance loans in 50 states ( and Washington, DC ) to do things online and have to read ask... We strive to provide you with the check status tool to upload download! Loan, consider these 6 critical factors it operates worldwide, in over 35 countries across,... 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