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BECU Auto Loan Calculator, Interest Rates & Overview

Carla Soto
Carla Soto
Updated 12 September 2023
Fact checked

A quick review of Boeing Employees’ Credit Union (BECU) auto loans

BECU logo

Boeing Employees’ Credit Union (BECU) has extensive auto loan options from new and used vehicles, RVs, and boats to business vehicles. Along with a range of perks, members get discounted interest rates, flexible terms, and minimal fees. BECU is available in Washington and selected Oregon and Idaho counties.

Want to see what a BECU auto loan will cost? Try the BECU auto loan calculator below! All you have to do is enter your desired loan amount and term to see an estimate. You can use the calculator to adjust your loan amount and term to see how it might affect your monthly repayments.

Key Boeing Employees’ Credit Union (BECU) auto loan features

  • Minimum loan amount: Undisclosed.
  • Maximum loan amount: Undisclosed.
  • Interest rates: New auto loans from 2021 and newer start at 5.74% to 18% APR. Used auto loans ranging from 2020-2008 have 6.49% to 18% APR.
  • Loan terms: Up to 84 months.
  • Loan fees: Undisclosed.
  • Discounts: Lower interest rates and fewer fees for members.

BECU auto loan options

Non-commercial vehicles

BECU provides low interest rates on new and used vehicles. You can lock in rates as low as 5.74% APR for new cars and 6.49% APR for used cars. If you improve your credit score during your loan term, you can potentially lower your rate through the BECU Reprice Program. You can also apply for auto finance through its partner dealers.

Business vehicles

With commercial vehicles, you can finance used or new autos, light trucks, and light vans for a minimum loan of $10,000. For new vehicles, you can secure interest rates as low as 6.24% and 6.99% for used vehicles. However, you need to purchase the business vehicle within Washington State.

Recreational vehicles

BECU credit union also has recreational vehicle loans at dealerships with rates as low as 7.34% APR and no application fees. Depending on your loan amount and creditworthiness, you may extend loan terms up to 240 months. However, gas RVs should not exceed 75,000 miles, but there are no mileage restrictions on diesel.

Sport vehicles

BECU offers 7.74% APR for sports vehicles and 8.24% APR for motorcycles. You can borrow as high as $25,000 with terms of up to 72 months. However, keep in mind that you need a minimum down payment of 10%.

Boats

You can also apply for boat loans with rates as low as 7.39% APR. Additionally, you won’t need to pay for application fees. Based on your loan amount and creditworthiness, you can finance a boat for up to 240 months.

BECU auto loan calculator

Provider
Product Information
EST Monthly
Repayment
Interest
Rate
Repayment
Period
Loan
Amounts
Sort loans by

Loan Amount

$25,000

Term

60 months

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BECU

BECU auto loan

BECU auto loan
Estimated Month Repayments
$595 Inclusive of fees
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
$5,000
to $100,000
GO TO SITE
Get a low interest rate BECU auto loan
Featured
Achieva Credit Union

Achieva - New Auto Loan

Estimated Month Repayments
$437 Inclusive of fees
Interest Rate
1.89%
APR
Repayment Period
12 months
to 84 months
Loan Amounts
$5,000
to $100,000
GO TO SITE
Low fixed interest rates. Flexible terms. Same-day approvals. No hidden fees.
Featured
Bank of America

Bank of America auto loan

Estimated Month Repayments
$595 Inclusive of fees
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
$5,000
to $100,000
GO TO SITE
Get a low interest rate Bank of America auto loan

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Minimum and maximum loan periods vary between 1 month and 10 years. Annual Percent Rates (APR) vary between 4.99% and 35.99% p.a. Total interest repayments vary between $592 and $916 over the life of the loan. *APR is based on an unsecured loan of $20,000 over a term of 3 years. WARNING: This APR is true only for the examples and may not include all charges. Different terms, fees or loan amounts might result in a different APR. These rates can change without further notice.

How to apply for a BECU auto loan

Eligibility criteria

  • You must be a BECU member
  • You must be at least 18 years old
  • You should be a U.S. citizen or permanent resident
  • A steady source of income

Additionally, it’s a good idea to understand how to get an auto loan. Through this, you can better prepare for the application process and confidently purchase a vehicle you can afford.

How to join BECU

To check if you’re eligible to join BECU, you should meet at least one of the following criteria:

  • Live, work, worship, or go to school in Washington state or select counties in Oregon and Idaho.
  • An employee, volunteer, or retired employee of BECU, Boeing, or a credit union
  • A family member of any employee, volunteer, or retired employee of BECU, Boeing, or a credit union.
  • An employee, volunteer, or retired employee of Boeing or any of its subsidiaries or affiliates.
  • A member of UWAA, WSUAA, BECU Foundation, GoWest Foundation, KEXP, and Sea Hawkers.

What you’ll need to have ready:

When you apply for auto financing with Boeing Employees’ Credit Union, you’ll be asked to provide personal information such as:

  • An email address
  • Your full name
  • Address
  • Social Security number
  • Employment information
  • Income details
  • U.S. citizenship status
  • A list of monthly expenses

You may need to provide BECU with additional documents to complete your loan request. These documents may include a purchase agreement or bill of sale, car registration and title, instructions for buying out a lease, proof of income (such as federal tax returns and W-2s), and financial statements.

If you want to refinance your auto loan, you need to set an appointment at BECU (Washington State). Additionally, you may need to provide a copy of the current registration, lienholder information, and details about the vehicle. These may include your automobile’s make, model, age, mileage, and vehicle identification number (VIN). Preparing these documents ahead can help BECU process your application faster.

Ways to apply for a BECU auto loan:

  • Apply online by clicking the GO TO SITE link in the table below
  • Visit a branch
  • Call 844-232-8562

Additional BECU auto loan details

  • Automatic payment: Available.
  • Loan approval times: Undisclosed. But in general, credit unions may take 1 business day to a few weeks.
  • Rate discounts: Lower interest rates for members with higher credit scores through BECU’s Loan Reprice Program.
  • Repayment frequency: Monthly, semi-monthly, and bi-weekly.
  • Late payment fees: Undisclosed.
  • Prepayment penalty: Undisclosed.
  • Co-borrowers allowed: Yes.
  • Co-signers: Undisclosed.
  • Ways to repay: Online banking, mobile app, in person, over the phone, and by mail.

Vehicle restrictions and limitations

  • Maximum vehicle age: 15 years.
  • Maximum vehicle mileage: 150,000.
  • Other vehicle restrictions: Undisclosed.

Pros and cons

Pros

  • Flexible interest rates.
  • Longer loan terms of up to 84 months.
  • Lower rates for members with higher credit scores.
  • Minimal loan fees.
  • Many loan types – private, refinance, recreational, commercial, and auto lease buyout.
  • Multiple ways to apply, be it online, in person, or through dealerships.
  • Partner dealerships across Washington state and select counties in Oregon and Idaho.
  • BECU auto buying services.

Cons

  • Limited to members.
  • Only available to Washington and select Oregon and Idaho counties.
  • Undisclosed fees.
  • Low credit scores may have high interest rates and fees.

Frequently asked questions

How much do I qualify for with a BECU auto loan?

While BECU doesn’t specify the maximum amount for auto loans, how much you can borrow can depend on your situation. Borrowers with higher credit scores can typically borrow more.

What is the maximum length of a BECU car loan?

You can finance auto loans for up to 84 months. For certain recreational vehicles, terms can be as long as 240 months.

How much interest does BECU charge on auto loans?

New car loans from 2021 and newer have 5.74% to 18% APR. Meanwhile, used auto loans (2020-2008) range from 6.49% to 18% APR.

How does BECU’s dealer-arranged financing work?

You can apply through any of BECU’s partner car dealers, and they will handle your application and transaction. Through this, you can buy your car and apply for a loan in one place.

How do I pay my BECU auto loan?

You have several payment options – BECU online banking and mobile app, autopay, in-person, over the phone, and by mail.

Does BECU refinance auto loans?

Yes. To refinance your auto loan, you need to set an appointment at BECU (Washington state only).

Does BECU finance out of state?

Yes. Aside from Washington, BECU also has partner dealers across select counties in Oregon and Idaho.

Can a non-member buy a vehicle through BECU?

Yes as long as you apply at a participating dealership. If you’re not yet a member, the dealership will automatically submit a membership application as part of your loan application.

Video: How to buy or lease a car with BECU

Carla Soto
Carla Soto

Carla is a skilled copywriter at BestFind with a background in marketing and communications. She specializes in reviewing personal loan and finance products to help readers navigate the complex world of personal finance.

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