That’s what Bank of America offers to its customers who are looking for auto loans. Whether you want to buy a new or used car, refinance your existing loan, or lease a vehicle, Bank of America has a range of online tools that can help you make an informed decision and save money.
One of the most convenient tools is the auto loan calculator , which allows you to estimate your monthly payment and interest rate based on the loan amount, term, and your credit score. You can also adjust the loan parameters to see how they affect your payment and compare different scenarios. This way, you can find the best option that suits your budget and needs.
Another useful tool is the prequalification, which lets you see what you may be able to borrow with no impact to your credit score. You can do this in minutes by logging in to your Bank of America account and providing some basic information. You will then receive an email with your estimated loan terms, which you can use to shop with confidence at select Bank of America authorized dealers.
If you are a Preferred Rewards member, you can also enjoy an interest rate discount of up to 0.50% depending on your tier. This can help you save even more on your auto loan and reward you for your loyalty to Bank of America.
With these digital tools, Bank of America makes the auto loan process easier and faster for its customers. You can apply online, get a 60-second decision, and manage your loan from your account. You can also access a network of authorized dealers that offer competitive prices and a hassle-free experience.
If you are interested in getting an auto loan from Bank of America, you can visit their website or contact them at 844.892.6002. They will be happy to assist you and answer any questions you may have.