Sign documents and drive home in your new car.Contact a loan specialist using the phone number provided to you with your approval if it does not appear. Your approval letter can be accessed at /loanstatus. Choose your car and present your printed approval letter at the dealership.Purchasing from a Bank of America authorized dealer can help streamline your car buying process. Regardless of who you purchase your car from, be sure to review what to do once approved. The vehicle must be purchased directly from the seller/owner (consignment sales are not eligible for financing).The seller(s) must be the same as the registered owner(s) listed on the vehicle title.Please be aware that there are additional requirements for private party loans including: If you're not currently enrolled in Online Banking, please visit a financial center or schedule an appointment to apply for your loan. Online Banking customers may apply online for a private party loan. You can purchase a vehicle from another individual via a private party loan. Bank of America only finances vehicles purchased from the following independent dealers: CarMax ®, Enterprise Car Sales and Carvana. Independent dealers are not affiliated with auto manufacturers. You have a few options when using Bank of America to buy a car:įranchise dealers sell new and used cars for auto manufacturers such as Ford ®, General Motors ®, Chrysler ®, Honda ® and others.
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