BECU Logo
star_border star_border star_border star_border star_border
0 User Reviews
LAST UPDATED: April 23rd, 2021

Boeing Employees Credit Union (BECU) was founded in 1935. Today, the company is a member-owned, not-for-profit financial cooperative that has over 925,000 members.

Top Ranked Companies

America First Logo
#1 America First chevron_right
5.1 Overall Score
4.7
star star star star star_half
(113)
USAA Logo
#2 USAA chevron_right
4.9 Overall Score
4.2
star star star star star_border
(42)
Mountain America Logo
#3 Mountain America chevron_right
4.8 Overall Score
4.6
star star star star star_half
(63)
thumb_up

The Good

  • Extremely Low APRs
  • Automatically Earn a Better Rate
  • Terms Up To 84 months

Extremely Low APRs

BECU offers rates as low as 2.09 percent for vehicles that are year models 2015 or newer and rates as low as 2.69 percent for vehicles that are year models 2014 or older. Additionally, you will recevie the same low rate regardless of if you apply for an auto loans yourself or through a participating dealership.

Automatically Earn A Better Rate

Periodically, BECU will evaluate your credit rating while you have an existing auto loan with the company. If you've significantly improved your credit score and your loan is in good standing, you could earn a better interest rate. BECU will automatically update your account to your new lower APR and notify you of the change.

BECU Members Auto Buying Program

BECU has partnered with AutoPREMIER Auto Buying Program to provide its members a service that connects them with a personal buying concierge that locates vehicles, researches vehicle history, connects members with dealers, and negotiates prices. This service is available for both new and used vehicles.

Terms Up to 84 Months

If you need lower monthly payments, BECU offers auto loan terms up to 84 months. However, the company has not disclosed whether you are required to have a certain credit score to obtain a longer loan term.

thumb_down

The Bad

  • Bad Credit Loans
  • Fees and Penalties Not Disclosed
  • Minimal Refinancing Information Available

Bad Credit Loans

It is unclear whether or not BECU accepts consumers with bad credit. The company's website doesn't specify credit score minimums, which makes it difficult for potential customers to have an idea of whether or not its worth their time to apply with BECU.

Fees and Penalties Not Disclosed

BECU has not disclosed whether or not it charges any type of application fees or prepayment penalties.

Minimal Refinancing Information Available

Fortunately, BECU does offer refinancing option and states on its website that this can save you money if you qualify, even if your loan is with another bank. However, there is no other information about refinancing available on the website. Therefore, if this is something you're interested in, you will have to contact BECU to find out what you need to do to refinance your auto loan.

gavel

The Bottom Line

Boeing Employees Credit Union offers low APRs and may lower APRs even further if your credit score has improved since taking out a loan. Additionally, BECU offers loan terms up to 84 months and provides its members with a buying program to help them find and negotiate deals on vehicles. However, BECU has not disclosed whether or not it accepts bad credit or charges application fees and prepayment penalties. Further, the refinancing information provided on the company's website is limited.

Was this content helpful?
thumb_up Yes thumb_down No

Star Rating

0.0

star_border star_border star_border star_border star_border

0 Reviews

Review Breakdown

5 grade

0%

4 grade

0%

3 grade

0%

2 grade

0%

1 grade

0%

Sentiment Criteria

Value

star_border star_border star_border star_border star_border

Quality

star_border star_border star_border star_border star_border

Service

star_border star_border star_border star_border star_border

Trustworthiness

star_border star_border star_border star_border star_border
Be the first to leave a review.