Bank Of America Car Refinance Rates

November 18, 2017

Take advantage of flexible terms and competitive rates when you refinance your car with US. Apply to see if you can lower payments or pay your loan off sooner keeping more money in your pocket.

How To Refinance Your Car Loanfivecentnickel Com

Bank of America offers auto loans for virtually every type of situation from new and used car purchases refinancing lease buyouts and private party purchases.

Bank of america car refinance rates. And you may be able to buy out your current lease or refinance your current loan to snag a more competitive rate. Get a low interest fixed rate auto refinancing loan from Bank of America. Bank of America will also finance vehicles up to 100000 which nearly doubles the financing available through many other auto lenders.

Bank of America Auto Refinance offers a fixed APR auto loan refinancing product that ranges from 369 APR. But to qualify as a Preferred Rewards client you need an eligible personal checking account with the bank and a three-month average combined balance of 20000 or more in qualifying Bank of America accounts or Merrill. 3 Auto loan preferred interest rate discount of 025 to 050 is based on reward tier and valid only for enrolled Preferred Rewards members or Preferred Rewards for Wealth Management clients at the time of auto loan application who obtain a Bank of America auto purchase or refinance loan.

Take advantage of an existing banking relationship to get a better rate on your auto refinance. Borrowers with a strong credit history who have Preferred Rewards status with an existing Bank of America account can get interest rates below 25 which is extremely competitive for the industry. In addition to the rate discount Bank of America still offers competitive rates on refinancing loans starting at 369.

The bank has plenty of online resources and a car loan calculator to figure out how much your refi will cost you each month. Thats because the bank offers a preferred interest rate discount of 025 to 050 for customers who are enrolled in Preferred Rewards or Banking Rewards for Wealth Management at the time of their loan application. With the proceeds of a refinance loan the homeowner can combine credit card bills auto loans and other debts into one monthly payment that may very well represent a smaller total payment than each of those debts represented individually.

It is smart to pay off your existing loan with proceeds from a new loan to take advantage of lower monthly payments lower interest rates or save on financing costs. If youre a Preferred Rewards client you can qualify for an interest rate discount of 025 to 050 on top of Bank of Americas already competitive auto loan rates. Bank of America car and auto loan refinancing.

Not only do they refinance existing car loans they offer consumers access to several other lending solutions payment plans financial assistance programs and productsThe financing can be used for people buying new and used cars. Bank of America Auto Loan is STRONGLY NOT RECOMMENDED based on 21 reviews. The refinance loan goes for an APR of 304 for 48-month and 60-month terms.

Application of the auto loan. Eligible vehicles for Bank of America refinancing loans are less than 10 years old have no more than 125000 miles and are valued at least 6000. Bank of Americas current APR for refinancing a vehicle is 413.

Bank of America offers 15 year refinance rates that can help the typical homeowner save a great deal of money over the term of the loan. Auto loans of up to 100000 available in 50 states with rates starting at 339 and no prepayment fees. For a used car loan the APR is 264 for both 60 and 48 month terms.

Though there is limited information on their website regarding specific loan terms since these are heavily dependent on individual circumstances the minimum loan amount for auto purchases is 5000. An APR of 244 is available for a new car loan in a 60-month and 48- month term. Bank of America is a good choice for current customers looking to snag a big discount some may qualify for up to 05 off their APR.

Compare car refinance rates and savings with this free interactive tool. See how much you could save by refinancing your car loan. Mortgage Refinance and Home Refinancing from Bank of America Learn more about mortgage refinancing view rates and use refinance calculators.

As low as 339 APR Existing Bank of America customers can qualify for even lower rates in some cases. What are the auto loan refinancing rates offered through Bank of America Auto Refinance. 3 rânduri Bank of America advertises rates as low as 579 for shoppers with excellent credit who are.

The maximum preferred interest rate discount on a Bank of America auto loan is 050. Bank of America makes it possible to refinance your car fast BofA claims youll get an answer in just 60 seconds. Refinancing your auto loan could lower your monthly payment and save you hundreds.

It offers a wide variety of loan amounts too.

Auto Loan Calculator Car Payment Tool At Bank Of America