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

Key Features

  • Competitive Rates
  • Flexible Terms
  • 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) 4.25%
Used Vehicle (variable) 4.50%
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.