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Affordable Auto Loans for You | BMI Federal Credit Union

Affordable Rates, No Hidden Fees

At BMI Federal Credit Union, we understand that buying a car is a significant step towards independence and adventure. That's why we dedicate ourselves to offering auto loans that are affordable, straightforward, and have no application fees. Whether you're purchasing your first car, upgrading to a newer model, or considering refinancing for better terms, BMI FCU is here to guide you to the best deal for your situation. 

Choose BMI FCU for Your Vehicle Financing Needs

Recognized as the #1 Best Credit Union for six consecutive years, our commitment to providing exceptional service is at the heart of what we do. As your partner in auto financing, we're here to make your journey from decision to ownership as seamless as possible.

Addressing Key Auto Financing Questions

  • Flexible LTV Ratios: We offer versatile financing solutions to fit your unique purchasing scenario.
  • Simplified Process for Private Sales: Benefit from our efficient approach to private sales transactions.
  • Support for Out-of-State Purchases: Our reach extends beyond Ohio, offering support for purchases made out of state.
  • Transparent Payment Schedules: Plan your finances confidently with our clear payment outlines.
  • Varied Financing Options: Discover financing that suits your budget and vehicle preferences.
  • Easily Apply: Apply, check the status of your application, and sign your documents from wherever you are.

Considering refinancing your existing auto loan? BMI FCU could help you reduce your monthly payments or interest rate, ultimately saving you money.

Auto FAQ

Financing with BMI FCU's Auto and Recreational Vehicle Loans

Embark on your car ownership journey with confidence. With BMI Federal Credit Union, you're supported by competitive rates, comprehensive assistance, and the peace of mind that comes from our award-winning service. Let's start your journey, together.

Loyalty Rewards

Reduce your rate even more with our Loyalty Rewards program, uniquely tailored to you.

Current Auto Loan Rates

Affordable Auto Loans | No Application Fees | BMI FCU

Product Rate APR1 as low asPrint Auto Loans
24 Month Auto2 6.540% 6.540%
36 Month Auto3 6.640% 6.640%
48 Month Auto4 6.740% 6.740%
60 Month Auto5 6.840% 6.840%
72 Month Auto6 6.940% 6.940%
84 Month Auto7 7.540% 7.540%
Auto Loan rates effective 12:00 am on Friday, October 20, 2023
1 APR = Annual Percentage Rate. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval.
2 $20,000 vehicle loan with no down payment will have payments of $896.09 for 24 months.
3 $20,000 vehicle loan with no down payment will have payments of $617.63 for 36 months.
4 $20,000 vehicle loan with no down payment will have payments of $479.17 for 48 months.
5 $20,000 vehicle loan with no down payment will have payments of $396.76 for 60 months.
6 $20,000 vehicle loan with no down payment will have payments of $342.38 for 72 months.
7 $30,000 vehicle loan with no down payment will have payments of $463.65 for 84 months.

Current Boat/RV/ATV/Waverunner/Motorcycle Rates

Affordable Auto Loans | No Application Fees | BMI FCU

Product Rate APR1 as low asPrint Boat/RV/ATV/Waverun/Motorcycle
Boat / RV 7.740% 7.740%
ATV / Waverunner 8.740% 8.740%
Motorcycle 7.740% 7.740%
Non-commercial vehicle rates effective 12:00 am on Friday, October 20, 2023
1 APR = Annual Percentage Rate. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval.

#1 Best Credit Union, 6 Years in a Row!