Bank · FDIC insured
Bank of America Auto Loan Rates
Bank of America auto loans start at 5.64% APR for a new vehicle and 5.84% for a used one. Rates checked October 22, 2026.
How Bank of America’s auto loan rates compare
Compared with banks and credit unions near New York, NY-NJ, where Bank of America has the most branches. New vehicle, lowest advertised APR first.
This bank’s lowest
Bank of America
5.64%APR
- Terms
- up to 60 months
- Discount
- Included in the rate
New car (dealer)
Lowest rate
Westchester Schools FCU
2.90%APR
- Terms
- up to 72 months
- Discount
- None included
2nd-lowest rate
PSFCU
3.50%APR
- Terms
- up to 60 months
- Discount
- Included in the rate
Bank of America auto loan score
66
Auto loan score
Higher than 16% of U.S. banks and credit unions
- New vehicleNew5.64%
- Used vehicleUsed5.84%
Each track runs from the highest to the lowest rate among U.S. banks and credit unions; the dot is this rate.
Where Bank of America ranks
By auto loan score, in each area where it has branches
- #79 of 99New York-Newark-Jersey City, NY-NJ metro337
- #88 of 102Los Angeles-Long Beach-Anaheim, CA metro270
- #34 of 44Miami-Fort Lauderdale-West Palm Beach, FL metro155
- #66 of 76Washington-Arlington-Alexandria, DC-VA-MD-WV metro121
- #64 of 76Dallas-Fort Worth-Arlington, TX metro119
- #65 of 80Chicago-Naperville-Elgin, IL-IN metro118
Every rate
Current auto loan rates
Rates from the bank’s website. Most are “as low as” rates for the best credit; yours depends on your credit, the term and the vehicle.
New car (dealer)
Fixed-rate auto financing for new vehicle dealer purchases. Term lengths of 48, 60, or 72 months available online. No loan documentation fee; title and state fees may apply. Refinance and lease buyout loans are no longer offered.
| Terms | APR | Conditions |
|---|---|---|
| up to 60 months | 5.64% | Advertised as-low-as APR assumes excellent borrower credit history and is specific to VA. Advertised rate does not include additional BofA Rewards interest rate discount of 0.10% to 0.50%. Rate guaranteed for 30 days from application approval. |
Sources (2)
All captured Oct 22, 2026
Used car (dealer)
Fixed-rate auto financing for used vehicle dealer purchases. Term lengths of 48, 60, or 72 months available online. No loan documentation fee; title and state fees may apply. Refinance and lease buyout loans are no longer offered.
| Terms | APR | Conditions |
|---|---|---|
| up to 60 months | 5.84% | Advertised as-low-as APR assumes excellent borrower credit history and is specific to VA. Advertised rate does not include additional BofA Rewards interest rate discount of 0.10% to 0.50%. Rate guaranteed for 30 days from application approval. |
Sources (2)
All captured Oct 22, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.