Auto Loan Financing
Flexibility to design a car loan to fit your individual budget and needs
Our quick pre-approval secures your financing before you shop for a new car, truck, or van. This allows you to concentrate solely on negotiating the best car price.
An auto loan from BFG Federal Credit Union may be used to purchase a new or used car, or refinance an auto loan from another lender. Buying and refinancing cars through BFG FCU has saved thousands of dollars with:
No Application Fee
No Pre-payment Penalties
In most cases, the best auto loan financing option is to take the dealer rebate, apply it to your down payment, and see us for a low-rate auto loan.
For our auto loan financing, we offer:
Auto loan rate terms of up to 84 months for new cars
Our auto loan officers have the flexibility to design a car loan to fit your individual budget and needs.
Car Financing Tips
Check out these need-to-know tips for buying or financing a new vehicle.
Our quick pre-approval secures your financing before you shop for a new car, truck, or van. This allows you to concentrate solely on negotiating the best car price.
Learn why Zero Percent Financing is not always the best answer for new auto loans.
5 Need-to-Know Tips For Buying or Financing a New Vehicle
Determine the right monthly payment - The general guideline is that the longer the term of a new car loan, the lower the monthly payment. Conversely, consumers end up paying more in total interest over longer loans, so it depends on what each person is financially comfortable with, and there's no right or wrong. There are many helpful tools available, including BFG's easy online calculator, to help provide clarity on just how much a payment will be depending on factors such as term length and interest rate. Payment calculators can also be used so that consumers appropriately know their budgetary limits and don't sign up for something they can't afford.
Pre-Approval - Pre-approval is a very helpful tool to have on hand when shopping for a new vehicle. With pre-approval for a new auto loan, dealers know they can close a deal, and more favorable terms can be obtained. Private financing for new or used car loans also typically features lower rates than what a dealer offers.
Use NADA Guides - NADA provides comprehensive shopping guides that offer information on official vehicle prices, available incentives, quotes, and more. It's an invaluable resource to have on hand before going through with any purchase or before obtaining a new car loan.
Manufacturer Rebates - Manufacturers often have various rebates available for consumers. But, dealers and salesmen aren't always keen to reveal them unless they have to. Be sure to be aware of all rebates and other special deals beforehand, so nothing is missed.
Negotiate - Negotiate from a position of strength with the above information. With a pre-approved auto loan, official retail pricing, knowledge of all rebates and incentives, and more, even the swiftest of car salesmen won't have an edge.
For consumers and car buyers in Akron, Hudson, Stow, Cuyahoga Falls and all throughout Ohio, BFG Federal Credit Union is a go-to source for affordable new and used car loans. Available payment calculators, low interest rates, helpful new and used cost guides and more make the Akron credit union a leading destination for auto loans in Ohio.