The invention relates to the technical field of secondary aluminum, in particular to an aluminum alloy material and a preparation method thereof. The aluminum alloy material is prepared from waste aluminum and a component A in a weight ratio of 8: 1. In the waste aluminum, the iron content is less than 1.0 wt% of the total amount of the waste aluminum, the zinc content is less than 0.3 wt% of thetotal amount of the waste aluminum, the copper content is less than 0.3 wt% of the total amount of the waste aluminum, and the aluminum content is more than 80.0 wt% of the total amount of the waste aluminum. The component A comprises the following raw materials in percentage by weight: 0.2-0.6% of silicon, 0.45-0.9% of magnesium, 0.01-0.08% of manganese, 0.01-0. 08% of nickel, 0.01-0.08% of chromium, 0.005-0.01% of scandium, and the balance of aluminum and impurities, wherein the sum of impurities is less than or equal to 0.15%. Compared with the existing primary aluminum alloy, the aluminumalloy material has equivalent tensile strength, yield strength and glossiness, and is lower in production cost.