Best for: Existing BofA customers with Preferred Rewards
Best for: Borrowers who want multiple competing offers at once
Bank of America wins on rate for borrowers with good-to-excellent credit. MyAutoLoan is better if you need borrowers who want multiple competing offers at once.
| Feature | Bank of America | MyAutoLoan |
|---|---|---|
| Starting APR | 4.09% | 5.99% |
| Editor Score | 9.1/10 | 8.7/10 |
| Lender Type | National Bank | Marketplace |
| Min Credit Score | 660 | 550 |
| Loan Terms | 48–72 mo | 24–84 mo |
| Best For | Existing BofA customers with Preferred Rewards... | Borrowers who want multiple competing offers at once... |