Bank of America Vehicle Finance: New and Certified Pre-Owned with More Benefits
Discover the diverse vehicle financing options provided by Bank of America, crafted to assist both new and used car buyers with flexible terms that accommodate your financial circumstances.
Explore some options we offer:
How to Apply for Financing Required Documents
What vehicles can you finance?
- ✔️ Light vehicles – new or used, from compact cars to luxury vehicles.
- ✔️ Heavy vehicles - suitable for personal and commercial use, including trucks and vans.
- ✔️ Eco-friendly vehicles, supporting Bank of America's commitment to environmental sustainability.
Necessary Documents for Bank of America Vehicle Financing
- ✔️ Valid Identity Document.
- ✔️ Proof of Income.
- ✔️ Proof of Residence.
Estimated average monthly payments
Example: Financing a $25,000 car at 3.11% APR for 60 months results in:
- ✔️ Monthly payment approximately $450.
- ✔️ Total interest paid approximately $2,000.
- ✔️ Total amount paid over the life of the loan approximately $27,000.
Highlights of Bank of America Financing
- 🚗 Flexible Conditions: Choose from a variety of financing options tailored to your needs, from traditional loans to lease options.
- 📲 Simple and Digital Process: Apply and manage your financing online, with options for pre-qualification that do not affect your credit score.
- ⏳ Convenient Terms: Flexible terms ranging from 12 to 72 months, with personalized mileage options.
- 💰 Online Simulator: Use the Bank of America payment calculator to estimate your payments and plan your purchase.
- 🛡️ Vehicle Protection: Explore options like GAP coverage and extended service plans to protect your investment.
Financing Application Process
Here's everything you need to know to submit your application successfully. Achieve your dream of a new car with the convenience of Bank of America Financing.
Types of Vehicle Financing
- 🚗 Instalment Sale: Similar to Standard Purchase, pay for the vehicle over a set period with the option to own.
- 📲 Financial Lease: Offers lower payments initially and flexible end-term options like vehicle return or purchase.