Bank of America Auto Loan Rates

Bank of America Auto Loan is one of the most affordable way to finance a new or a used car in any state of the United States. It is the dream of every citizen to own a car for their day to day transportation. However, a large number of them are not in a financial condition to afford it. To fulfill the dream of such citizens, Bank of America has come up with a whole range of auto loan programs for eligible borrowers to choose from. Bofa auto loans offer a number of benefits that include:

* Fixed rate on new, used and refinance auto loans

* Just $332 monthly payment for a $25,000 new car

* Wide variety of loan types including private party purchase, dealer purchase, refinance and leases buyout

* Easy, secure and fast application

* Discounts for eligible customers

* Quick access to funds

* Dedicated Customer service

Bank of America Auto Loan Rates

Bank of America is offering some of the best auto loan rates available in current market. The new car loan rates offered by Bank of America is said to be the lowest auto loan rate in the country. Current Bank of America auto loan rate for new car is 4.10% for car loans up to 60 months and the rate for auto loans for 61 to 72 months is 4.34%. The interest rates for used car loans for buying a vehicle from a private party is slightly higher than purchasing from a franchised dealer. The rate of interest for auto loans up to 60 months is 6.85% and for loans between 61 to 72 months are 7.65. Moreover, loan rates for auto refinance are at 4.74 percent for loans up to 60 months and 5.54 percent for auto loans between 61 months and 72 months.

Website: http://www.bankofamerica.com/vehicle_and_personal_loans/index.cfm?template=auto_loans