Auto Loans
Why BCU?
Unlike a bank, the Credit Union is a not-for-profit organization, dedicated to empowering your discovery of financial freedom. That’s why you’ll find better rates, fewer fees (and no fees when possible), higher earnings, and more innovative products and services than you’d get at other financial institutions.
BCU is one of the nation's Top 100 credit unions, serving over 350,000 members in the United States and Puerto Rico. You’re just moments away from a better way to bank. Join today!
Finance Your Car
Get a new or used auto loan that fits your needs and delivers a great deal.
Refinance Your Car
We'll help you lower your payment and save on interest.
Auto Buying Service
Save time and money with our exclusive Auto Buying Service.
Get My Rate
See if you’re pre-qualified for an Auto Loan with NO impact to credit score.
Auto Payment Calculator
Estimate your monthly payment
Estimated Terms
Monthly Payment
APR as low as
Frequently Asked Questions
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How do I apply?
At the time of application, you’ll be asked for the following information:
- Name and address
- Date of Birth
- Social Security Number (Consumers)/Tax Identity Number (Businesses)
- Member number (or membership eligibility)
- Income and Employment
- Co-signer or co-borrower information, if applicable
*Note: A credit report is required to complete an application. By submitting an application, you are voluntarily agreeing to a credit report inquiry.
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What is the difference between a co-borrower and a co-signer?
A co-borrower is considered a joint applicant. This person shares household expenses and income with the primary borrower and agrees to be equally responsible for repayment of the loan. As a result, both applicants’ income and credit profiles are used to support approval of the loan. A co-borrower must be an active BCU member.
A co-signer is also responsible for repayment of the loan in the event the primary borrower defaults on repayment of the agreed loan terms. However, the loan terms are determined solely by the primary borrower’s qualifications.
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How much would I be approved for?
Since all approvals are based on variables within each applicant scenario, a loan application must be submitted for underwriter review to determine an accurate approval amount. This is based on a few variables, including, but not limited to, your credit history, income, debt ratio, the loan type, and the value of the vehicle relative to the amount of the loan (Loan-to-Value).
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How are interest rates determined?
At BCU, rates are determined using several variables, including, but not limited to:
- Your Credit Score
- Value of the vehicle relative to the amount of the loan
- Age and type of the vehicle being financed
- Term
- Payment method
- Rewards Member status
- Use of Auto Buying Service (purchases only)
For a summary of our loan rates, please visit our Rates page.
*Note: Interest rates are subject to change. -
What are Rewards Rates?
Rewards Rates let you earn more on your deposits and/or save more on your loans. To qualify for a 1.00% Rewards Member rate discount on your auto loan, you must have two of the following relationships:
a. Direct Deposit of at least $1,000 per month into a checking account at the Credit Union
b. At least $25,000 on deposit
c. A qualifying loan in good standing, including: Mortgage, Home Equity, Auto, or Credit Cards. A qualifying loan must have a current balance and credit cards must have a transaction within the past 30 days. Any Credit Union loan that is not in good standing or is delinquent will disqualify you for Rewards Rates. -
What are the guidelines?
The vehicle being financed must be within 10 model years, and/or 125,000 miles or less to be considered for financing (exceptions may be considered on a case-by-case basis). If you are uncertain whether your vehicle falls within these guidelines, please contact us with the specific VIN and mileage.
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What are the available loan terms?
BCU offers a wide range of loan repayment options with terms up to 75 months (up to 84 months for brand new vehicles). You will be assigned a loan associate who will work with you to find the right repayment option for your needs.
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What is Loan-to-Value?
Loan-to-Value refers to the amount of the loan in relation to the retail value of the vehicle being financed.
Example 1: A vehicle with a retail value of $10,000.00, and a loan amount of $9,000.00 has a 90% loan-to-value
Example 2: A vehicle with a retail value of $10,000.00, and a loan amount of $11,000.00 has a 110% loan-to-value -
Are there any fees?
Yes, depending on whether the vehicle is a purchase or refinance. For purchases, please contact a loan associate for more information, as fee amounts can vary by state. There is no fee for vehicle refinances.
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Am I able to purchase a salvaged title/dealer buy back?
Yes! Salvaged title/dealer buy back are case by case and collateral will need to be reviewed for approval. You will be asked to provide proof of insurance prior to funding loan. These vehicles are not eligible for GAP or Extended Warranties through BCU.
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Need Additional Information?
If you would like to discuss in more detail, you may call us at 888-389-8344. Our Consumer Loan business hours are Monday through Friday 7:30 a.m. to 6:00 p.m. CST. If you are ready to apply, please click here to be directed to our online loan application to apply at your convenience or call us at 888-389-8344. You may apply via phone 7 days a week, 24 hours a day. Once your loan application is complete, one of our loan associates will contact you either by email or phone within one business day to review the status of your application.
Extended Auto Coverage
Guaranteed Asset Protection (GAP)
Help cover difference of insurance payout (after deductible is met) and loan balance.
Mechanical Repair Coverage (MRC)
Reduce the risk of costly repairs. Create or extend warranty for your car.
Loan Payment Protection (LPP)
Help ensure payments are cancelled in the event of unexpected circumstances.
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Disclosure
1The calculator is a self-help tool used to quickly estimate the loan amount or monthly payment that fits your budget. The information is provided for illustrative purposes only. Rates are subject to change, and your loan terms may vary based on your individual circumstances. APR is Annual Percentage Rate. Published rates are accurate as of 11/1/2024, and subject to change. Offer subject to credit approval. Rate applies to 2024 and newer vehicles with a loan term of up to 75 months (based on credit worthiness), up to 100% LTV (loan to value). Call for rates on older model vehicles. Loan amount will be determined by income and other factors. The rate listed includes an additional .75% APR discount for buying through our Auto Buying Service. To receive this discount, an auto loan must be booked through BCU, and auto purchase must be made at a certified dealer through BCU’s Auto Buying Service purchasing process. The rate listed also assumes an automatic payment method and includes a 1.00% discount for having two of the following relationships: direct deposit of at least $1,000 per month or more into your credit union checking account; at least $25,000 on deposit with the credit union; or a loan in good standing. Qualifying loans include mortgage, home equity, auto, and credit card. A qualifying loan must have a current balance and credit cards must have a transaction within the past 30 days. Any Credit Union loan that is not in good standing or delinquent will disqualify you for Rewards Rates. Individual rates may vary based on credit score and other factors. An example of payment terms are as follows: an amount financed of $25,000 with an APR of 3.59% and a term of 75 months would have a monthly payment of $373.71.
2APR is Annual Percentage Rate. Published rates are accurate as of 11/1/2024, and subject to change. Offer subject to credit approval. Rate applies to 2024 and newer vehicles with a loan term of up to 75 months (based on credit worthiness), up to 100% LTV (loan to value). Call for rates on older model vehicles. Loan amount will be determined by income and other factors. The rate listed also assumes an automatic payment method and includes a 1.00% discount for having two of the following relationships: direct deposit of at least $1,000 per month or more into your credit union checking account; at least $25,000 on deposit with the credit union; or a loan in good standing. Qualifying loans include mortgage, home equity, auto, and credit card. A qualifying loan must have a current balance and credit cards must have a transaction within the past 30 days. Any Credit Union loan that is not in good standing or delinquent will disqualify you for Rewards Rates. Individual rates may vary based on credit score and other factors. An example of payment terms are as follows: an amount financed of $25,000 with an APR of 4.34% and a term of 75 months would have a monthly payment of $382.52.
3A credit report is required to complete your application. By submitting an application, you are voluntarily agreeing to a credit report inquiry. If you opt out of having your credit report pulled, your application will be withdrawn and your request for credit will not be reviewed.