Independent dealers are not affiliated with an auto manufacturer and may sell many different brands of vehicles. Bank of America offers financing for new or used vehicles that are purchased from most franchised dealers, and a few independent dealers.įranchise dealers sell new and used cars for auto manufacturers such as Ford®, General Motors®, Chrysler®, Honda® and others. Our auto loan calculator can help you figure out how much financing you may need, and even estimate your monthly payment. Apply for a loan for a specific vehicle. Use our online tools to compare vehicle models and prices, find authorized dealers in your area, and apply for a loan for a specific vehicle. If you're not sure yet which vehicle might be a good fit for you and your budget, Bank of America can help with that, too. Then, in the Loan Approval stage, you may work with a Loan Specialist to discuss the best terms for your financing, submit any additional documents needed, and if approved, close your purchase or refinance.Īnd finally, in the Servicing stage, when your financing is complete, you'll receive your welcome package and first statement, and begin repaying your loan. Use online resources to research vehicles and financing options.Then, apply for auto financing online, in person, or over the phone. Bank of America is not responsible for any automobile content, products, or services.įirst, the Getting Started stage, when you can research vehicles and financing options. Automobile shopping content provided by automobile dealerships through a website provided by a third party not affiliated with Bank of America and is not available in all states. Credit and collateral are subject to approval. Vehicle financing provided by Bank of America. There will be three main stages to the process. The auto financing process begins with being informed about the whole experience, and we're here to make it as stress-free as possible, to help you get the auto financing you're looking for. There are many factors that can impact how much your monthly payment will be. You probably spend plenty of time researching what vehicle you really want, using our Online Auto Shopping tool, or other resources.īut researching your auto financing is just as important. Whether it's a high-powered sports car for your fast-paced personality, or the family-friendly electric vehicle you need for your growing family, Bank of America® can help you feel more in control on the road to buying and financing your next vehicle. View our Bank of America auto loan eligibility requirements for more information.īuying the vehicle that complements your lifestyle is important. No loan documentation fee, but title and state fees may apply.Įxample: 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 %.Įxample: 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 %.Įxample: 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 %.Įxample: A 5-year, fixed-rate lease buy-out loan for $21,000 would have 60 monthly payments of $ 358 each, at an annual percentage rate (APR) of %.Įxample: A 5-year, fixed-rate private party loan for $20,000 would have 60 monthly payments of $ 358 each, at an annual percentage rate (APR) of %. These discounts will be reflected in your individual APR quote if you are approved for a loan. Your actual APR may differ based on your credit history, approved loan amount, term, state of residence and applicable discounts, such as Preferred Rewards. Change your stateĪdvertised as low as APRs (Annual Percentage Rate) assume excellent borrower credit history. Create an amorization schedule.Results shown are for. Create an amorization schedule.Ĭalculate monthly payment on a loan from a term in years or months along with interest paid on the loan. Loans - GeneralĬalculate payment, interest rate, loan amount or term for a personal loan or line of credit. All calculators include amortization schedules so you can see how much you're paying on principal and interest over the course of the loan. Online loan calculators for calculations related to personal loans, car loans and mortgages.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |