Minimum vehicle value of $10,000, maximum vehicle age of 5 years, less than 75,000 miles.
Mon-Fri 8 a.m. – 10 p.m. ET
Small Business Auto Loans
Business Advantage Auto Loans
Loans
Loan amount
from $10,000
Terms
Loan terms
48-72 months
Fees
Fees
no application fee
Loans
Loan amount
from $10,000
Terms
Loan terms
48-72 months
Fees
Fees
no application fee
Requirements:
Advertised as low as APR’s (annual percentage rates) are effective as of July 14, 2017, are subject to change and assumes excellent borrower credit history. Your actual APR may differ based on your credit history, approved loan amount, term, state of residence and applicable discounts, such as Preferred Rewards. These discounts will be reflected in your individual APR quote if you are approved for a loan.
The APR shown above is based on a 5-year, fixed-rate loan for a $50,000 new truck (including state taxes, fees, tag, title and any purchased service/insurance products) with 20% down, requires a $40,000 loan. Based on a simple interest rate of 3.09%, this loan would have 60 monthly payments of $721 each and an annual percentage rate (APR) of 3.09%.
The APR shown above is based on a 5-year, fixed-rate loan for a $50,000 new truck (including state taxes, fees, tag, title and any purchased service/insurance products) with 20% down, requires a $40,000 loan. Based on a simple interest rate of 3.09%, this loan would have 60 monthly payments of $721 each and an annual percentage rate (APR) of 3.09%.
Applying is easy
Apply
Complete an application in-person or over the phone.
Get a decision
The average decision time is 30 minutes.
Purchase process
Upon approval, receive a check made payable to the seller or dealer.
Need a commercial vehicle?
Vehicles over 2.5 tons can be financed through Bank of America Equipment Loan.
Top FAQs
How is my APR (annual percentage rate) determined?
What types of vehicles can I purchase with a Business Advantage Auto Loan?
Tax implications of leasing
Consider these 4 tax implication in your decision-making process when you decide to lease or buy.
