Auto loan benefits


Whether you're buying a new or used car or want to refinance your car our comprehensive auto loan services and benefits can help steer you in the right direction.
Bank of America Preferred Rewards
0.25% to 0.50% interest rate discount
As a Preferred Rewards client, you can receive an interest rate discount on a new Bank of America auto purchase or refinance loan.Footnote2
We offer:
  • Competitive auto loan rates
  • Access to funds in as little as 24 hours
  • Bank of America personal checking customers get a 0.15% rate discountFootnote3 for an auto purchase or refinance loan.
  • Easy-to-use online auto loan calculators and payment tools
  • Multiple purchase types available including dealer, refinance, private party and lease buyout
  • Our dealer network can help streamline the purchase process and get you in your car faster Find a dealer