Bank of America Auto Loan: Used Car (dealer purchase)
What Bank of America publishes: "Fixed rates as low as 5.14% APR for 60-month term. Advertised as low as APRs (Annual Percentage Rate) assume excellent borrower credit history. Your actual APR may differ based on your credit history, approved loan amount, term, state of residence and applicable discounts. as of Sept. 2, 2026"
Rates displayed do not include the additional BofA Rewards interest rate discount from 0.10% to 0.50% (maximum 0.50%). Limited time 0.25% rate reduction on new applications for auto loans VALID: 8/27/26 - 9/8/26. No maximum APR published.
Representative example from the lender: A 5-year, fixed-rate used car loan for $34,000 would have 60 monthly payments of $358 (wording as rendered on the rates page; re-check on the live page)
The rate you are offered is set by Bank of America after you apply on its site. It depends on your credit history, income, loan amount and term, and may be higher than the lowest rate shown here.
| Loan amount | $10,000 to $85,000 |
| Term | 48 to 72 months |
| Rate type | fixed |
| Funding speed | Quick decision; 30-day rate lock guarantee; prequalification with no impact to credit score for existing BofA customers (no funding time stated) |
| Origination fee | 0% (No loan documentation fee, but title and state fees may apply) |
| Prepayment penalty | Not stated |
| Late fee | Not stated |
| Minimum credit score | Not disclosed |
| States | Not stated |
| Membership | Not required |
- Origination fee 0% (No loan documentation fee, but title and state fees may apply)
- Funding: Quick decision; 30-day rate lock guarantee; prequalification with no impact to credit score for existing BofA customers (no funding time stated)
- Borrow up to $85,000
| Legal name | Bank of America, N.A. |
| Type | Bank |
| Website | https://www.bankofamerica.com/auto-loans/ |
Other Bank of America offers on Banrox: Bank of America Auto Loan: New Car (dealer purchase).
Third-party lenders
Loan offers are provided by third-party lenders. Banrox is a technology company and is not a lender. Banrox does not take loan applications, make credit decisions or fund loans.
Compensation
Banrox may receive compensation from some lenders when you click or apply through links on this page. Compensation does not affect the rates shown, which are taken from each lender's public website as of the date displayed.
Rates and estimates
Rates, amounts, terms and fees are shown as published on the lender's website on the date marked above and may change without notice. The payment estimate uses the lowest APR the lender publishes and excludes origination and other fees; the lender's own disclosure governs. Nothing on this page is an offer, a rate quote or a commitment to lend.
