Bank of America Auto Loans

Here's how it works:

Step 1: Getting started

• Fill out some brief personal information and get pre-qualified online.
• After you've been pre-qualified, apply online by providing some additional details on your loan request.
• You'll create a unique ID and passcode for your security.
• Sign in any time to check your application status.

Step 2: Receive a decision

• Sign in any time to check your application status.
• If approved, you'll see a variety of loan choices and terms to choose from.

Step 3: Ready to buy

• After you have selected an offer, one of our loan representatives will call you within two business days to verify your identity and to determine next steps based on the type of loan you've selected.
• Once we've completed the identity verification process, your loan representative will help you locate an authorized dealer in your area.
• We'll provide you with an approval letter that you can access online or receive via overnight mail.
• Your approval letter is good for 30 days.

Step 4: Closing the deal

• Take your approval letter to the Bank of America authorized dealer of your choice to finalize the deal.

• After you have chosen your vehicle, call your loan representative at the phone number listed on the approval screen. Have the following information ready:
  • Year, make, and model of the vehicle
  • Vehicle Identification Number
  • Final loan amount requested
  • Contact information for the seller
• Your loan representative will prepare a “Promise to Pay” package that includes all of the necessary documents for your signature.
• We'll send your package to you electronically or via express delivery. Just get everything signed and send it back using the appropriate method (electronically or pre-paid envelope). Notary may be required.
• We'll verify the documents and fund your loan quickly.