Auto loan refinancing can potentially help lower your monthly payments, pay off your auto loan faster, or both!

Key Features

Competitive Rates

Competitive Rates

Flexible Terms

Flexible Terms

Local Decision Making

Local Decision Making

  • Competitive fixed and variable rates
  • Terms customized to your unique situation
  • Refinance your current auto loan (vehicle must be originally financed through another institution)
  • Set up payroll deduction or automatic payment from a Benchmark account to receive a 0.25% rate discount
  • Local decision-making and processing
  • Attentive, friendly service from start to finish
Type APR (as low as)
New Vehicle 3.45%
Used Vehicle 3.60%
New Vehicle (variable) 5.00%
Used Vehicle (variable) 5.25%
Title Secured Vehicle Loan 6.30%
Motorcycle 7.15%
Motor Home/Travel Trailer 7.15%
DrivingSense - New Vehicle 4.45%
DrivingSense - Used Vehicle 4.60%

Rates include a .25% discount for repayment via Payroll Deduction or Automatic Transfer from a BFCU Account.

 

Fixed Rate Auto Loans

  • Up to 125% financing for qualified borrowers
  • Terms up to 84 months on new vehicles for loan amounts $25,000 and over*
  • Terms up to 72 months for new vehicles for loan amounts $15,000 and over*
  • Terms up to 60 months for all other new* vehicles
  • Minimum loan amount on used vehicles is $5,000
  • Terms up to 72 months on used vehicles up to 4 years old for loan amounts $18,000 and over
  • Terms up to 60 months on all other used vehicles
  • Make your payment via payroll deduction or automatic payment from a Benchmark Savings or Checking Account with direct deposit and receive 0.25% off of qualified loan rate 

Variable Rate Auto Loans

  • Up to 125% financing for qualified borrowers
  • Finance a new or used vehicles*
  • The rate is variable, which means it will rise or fall along with the Prime Rate. However, it cannot be adjusted more than 2% from the original rate
  • The monthly payments will remain fixed for the life of the loan. Therefore, the term may be extended or shortened depending on the rise or fall of the interest rate.
  • Terms and minimum amounts are the same as fixed rate auto loans

Title Loans

  • Up to 125% financing for qualified borrowers
  • Minimum loan amount is $2,500
  • Use your "clear" title as collateral for a loan and take advantage of our low rate.
  • Funds can be used for whatever your needs are
  • Terms up to 72 months on loan amounts $18,000 and over on vehicles up to 4 years old
  • Terms up to 60 months on all other vehicles

Motor Homes

  • Up to 125% financing for qualified borrowers
  • Minimum loan amount $2,500
  • Finance both new and used Motor Homes & Travel Trailers
  • Terms up to 120 months for amounts financed over $30,000
  • Terms up to 84 months for amounts financed $21,001 to $30,000
  • Terms up to 72 months for amounts financed $20,000 and less
  • Maximum $1,000 deductible on Comprehensive and Collision Insurance
  • Full year insurance coverage required 

*A new vehicle is considered to be never titled or recently titled within the past six months and being financed to pay off another lender.