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See rates Apply now

Mercedes-Benz is now offering Bank of America employees exclusive incentives on select vehicles

Apply now

Your next steps for an exclusive incentive:

Review and print Mercedes‑Benz incentives*

Review available incentives, including electric vehicle options, and print the PDF

Apply for an auto loan with Bank of America

Quick, no fee application and fast credit decision

Finalize your financing

You must bring the incentive form to the dealer to finalize your auto financing with Bank of America

For questions regarding program requirements and eligibility, call Program Support at 800.721.9654.

Today's auto loan rates with
APR as low as

Rates are unavailable right now. Please check back again later.

Loan Type

60 month term

Dealer new

Buying a new vehicle from a franchise dealership. Franchise dealers sell new and used cars for auto manufacturers such as Ford®, General Motors®, Chrysler®, Honda® and others

Dealer new

% ^†

APR is the Annual Percentage Rate. Advertised “as low as” APRs assume excellent borrower credit history. Your actual APR may differ based on your credit history, approved loan amount, term, state of residence and applicable discounts. No loan documentation fee, but title and state fees may apply. Any applicable discounts, such as Preferred Rewards, will be reflected in the individual APR quote you will receive if you are approved for an auto loan.

What you get:

Bank of America Preferred Rewards discount¹

Employees enrolled in Preferred Rewards are eligible for a 0.35% to 0.50% interest rate discount, based on tier.
30-day rate lock guarantee²

Your rate is good for 30 days, which means you'll have plenty of time to shop for that perfect vehicle.
More choices

Check out the models that are eligible for incentives, including electric vehicles.

Auto Loan Calculator

Enter a total loan amount into this auto loan calculator³ to estimate your monthly payment, or determine your loan amount by car price, trade-in value and other factors.

Purchase

Refinance

Rates are unavailable right now. Please check back again later.

Apply now

Loan Amount $ (value must be greater than $0)

The amount you wish to finance for your auto loan.

Not sure? Determine loan amount

Car Price (value must be greater than $0)

Car price required

Trade-in Value

A dealer assigns a trade-in value to an auto, boat or other vehicle that a buyer wishes to exchange for a replacement vehicle. Trade-in value, also called trade-in allowance, is subtracted from the purchase price of the vehicle. Trade-in value is often based on the published book value of the vehicle. As a general rule, a vehicle with less wear and tear has greater trade-in value.

Amount Owed on Trade-in $

The amount you still owe on the auto you plan to trade in.

Down Payment

A down payment is the cash you deposit toward the purchase of equipment or a commercial vehicle. The larger the down payment, the less you are required to borrow. For equipment loans, a down payment of 20% of the equipment purchase price is generally required. The value of a trade-in can be used instead of a down payment when purchasing replacement equipment.

Cash Rebate and incentives

Dealers may offer a cash rebate as an incentive to buy an auto, boat or other vehicle. A cash rebate reduces the purchase price by the amount of the rebate. Some credit card companies offer a cash rebate card as an incentive for cardholders to make new purchases. There is usually limit on how large a rebate the cardholder may receive in a year.

Loan type

The type of loan financing, such as Dealer New or Lease Buyout. Loan Types have different interest rates.

Loan term (value must be greater than 0 months)

The period of a loan, generally measured in months or years. Auto loans generally range between 4 and 6 years.

Interest rate %

The cost for the use of a loan, usually expressed as a percentage of the loan and paid over a specific period of time. The interest rate does not include fees charged for the loan.

Preferred Rewards

Preferred Rewards discount will be applied to your result. If you have entered custom values, reset calculator to enable Preferred Rewards.

Click to Reset calculator to Bank of America rates for interest rate and loan term.

Estimated monthly payment

$---

Term -- months

Interest Rate --% APR

Loan Amount $--,---

Preferred Rewards discount Not applied

Today's date August 24, 2023

Apply now

Your current loan

Current Loan Balance (value must be greater than $0)

The amount that you still owe on your existing auto loan.

Current monthly payment (value must be greater than $0)

The amount paid each month toward the principal and interest amount of a loan.

Your current interest rate (%)

The cost for the use of a loan, usually expressed as a percentage of the loan and paid over a specific period of time. The interest rate does not include fees charged for the loan.

Your refinance loan

Refinance amount (value must be greater than $0)

The amount you wish to finance for your auto loan.

Length of new loan (months)

The period of a loan, generally measured in years. Auto loans generally range between 4 and 6 years.

New loan interest rate %

The cost for the use of a loan, usually expressed as a percentage of the loan and paid over a specific period of time. The interest rate does not include fees charged for the loan.

Preferred Rewards

Preferred Rewards discount will be applied to your result. If you have entered custom values, reset calculator to enable Preferred Rewards.

Click to Reset calculator to Bank of America rates for interest rate and loan term.

Enter your loan information to see results.

Monthly payment comparison

Current loan 0/mo

New loan 0/mo

Difference 0/mo

Months remaining

Current loan 0 months

New loan 0 months

Difference 0 months

Interest to be paid

Current loan 0

New loan 0

Difference 0

Apply now

Go to Tablist

Get started on your auto loan today

Apply now

Legal Information and Disclosures

View our Bank of America Auto loans Eligibility Requirements and Conditions

The following example(s) reflect representative credit terms made available to applicants and are for informational purposes only. They may not reflect the loan amount, term, APR and estimated payment for your loan.

New Car (Dealer):

† Example: A 5-year, fixed-rate new car loan for $50,000 would have 60 monthly payments of $ each, at an annual percentage rate (APR) of %.

1

Preferred Rewards Program Eligibility. You can enroll, and maintain your membership, in the Bank of America Preferred Rewards® program if you have an active, eligible personal checking account with Bank of America® and maintain the balance required for one of the tiers. The balance tiers are $20,000 for the Gold tier, $50,000 for the Platinum tier, $100,000 for the Platinum Honors tier, $1,000,000 for the Diamond tier and $10,000,000 for the Diamond Honors tier. Balances include your combined, qualifying Bank of America deposit accounts (such as checking, savings, certificate of deposit) and/or your Merrill investment accounts (such as Cash Management Accounts, 529 Plans). You can satisfy the combined balance requirement for enrollment with either: a three-month combined average daily balance in your qualifying deposit and investment accounts, or a current combined balance, provided that you enroll at the time you open your first eligible personal checking account and satisfy the balance requirement at the end of at least one day within 30 days of opening the account. Refer to your Personal Schedule of Fees for details on accounts that qualify towards the combined balance calculation and receive program benefits. Eligibility to enroll is generally available three or more business days after the end of the calendar month in which you satisfy the requirements. Benefits become effective within 30 days of your enrollment, or for new accounts within 30 days of account opening, unless we indicate otherwise. Bank of America Private Bank clients qualify to enroll in the Diamond tier, and may qualify for the Diamond Honors tier based on their qualifying Bank of America, Merrill, and Private Bank balances. Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements. For details on Bank of America employee qualification requirements, please call Employee Financial Services or refer to the Bank of America intranet site. Employees of companies participating in the Bank of America Employee Banking and Investing Program maintain eligibility based upon customized terms. Refer to go.bofa.com/cebi-faq for details.

Preferred Rewards members who apply for an Auto purchase or refinance loan receive an interest rate discount of 0.25% for Gold tier, 0.35% for Platinum tier, and 0.50% for Platinum Honors and higher based on their Preferred Rewards tier at the time of auto loan application. The maximum Preferred Rewards interest rate discount on a Bank of America auto loan is 0.50%. This interest rate discount is not reflected in all our published rates on our website but will be confirmed and reflected in the interest rate quoted upon loan approval. Discounts are only available on auto loan applications submitted by you directly to Bank of America through its website, Financial Centers, or Bank call centers. Discounts are not available for motor vehicle leases or for applications sourced from car dealerships, car manufacturers, or third-party branded/co-branded relationships. Benefit is non-transferable. Subject to credit approval. Standard underwriting guidelines and credit policies apply.

2

Rate is guaranteed for 30 days from the date of original application approval.

3

Important note about this calculator: The figures entered on the input page of this calculator are for hypothetical purposes only. You should enter figures that are appropriate to your individual situation. The results provided by this calculator are also intended for illustrative purposes only and accuracy is not guaranteed. Bank of America and its affiliates are not tax or legal advisers. This calculator is not intended to offer any tax, legal, financial or investment advice and does not assure the availability of or your eligibility for any specific product offered by Bank of America, its affiliates or any other institution, nor does this calculator predict or guarantee the actual results of any investment product. The terms and conditions of products offered by institutions will differ and may affect the results of the calculator. Please consult with qualified professionals to discuss your situation. The final APR may differ from the APR in the above results due to additional fees that may be applicable.

*This incentive program is provided by Mercedes-Benz USA, LLC which is solely responsible for any discount on a Mercedes-Benz vehicle. This program is limited to applicants who purchase their new Mercedes-Benz vehicle with financing provided by Bank of America, N.A. To receive the Mercedes-Benz incentive, approved credit applicants must take this form to a Mercedes-Benz dealership of their choice and take delivery of their vehicle.

Mercedes-Benz and the Mercedes-Benz logo are registered trademarks of Mercedes-Benz USA, LLC. Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation.

Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms, and conditions are subject to change without notice.

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