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How can I get a car loan from Bank of America?

How do I apply for a car loan from Bank of America? My wife and I have been using this bank for many years to manage our finances. I would like to continue using Bank of America and apply for a loan to buy a car.

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Phoebe Mah · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Getting a car loan from a bank you already have a relationship with is often much easier! To get a car loan from Bank of America, you can apply for a [car loan] three different ways:
  • Online
  • Visit your local branch
  • Call through the phone
No matter what method you decide to apply, make sure you provide these documents:
  • Your legal name
  • Address
  • Social security number
  • Proof of Employment and income
  • Your email address
Before purchasing a car, keep in mind that Bank of America has requirements on the type of vehicle they will finance. The vehicle must be:
  • Less than 10 years old
  • Less than 125,000 miles
  • Have a value of over $6,000
  • No
    lemon law
    vehicles
  • No titles that are
    salvaged
    ,
    rebuilt
    or branded.
While you’re waiting to hear back on your loan application, take the time to shop around for car insurance. Lenders will require full coverage car insurance. You can find the best deals on car insurance by using the number-one-rated car insurance app,
Jerry
.
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