Great experience with BofA auto loans. I pre-shopped for an auto-loan to ensure a great rate and to have some leverage before talking to the dealership. The online loan application was easy--basic questions about you, income, mortgage, pretty standard and not as lengthy as I've seen. About 10 minutes later, I received an approval email. Clicked the link in the email, logged in and presto, my approved loan amount, rate & term options, approval dealer letter, etc. The following day, I received a courtesy call from a representative--wanted to know if I had any questions.
The approval and rate is good for 30 days. Rate (2.9%) was far better than what the dealer (4.9%) was offering on used auto $35K over 60mo.