Get the Right Car at a Better Price.
How the Auto Buying Service Works
Search for a new or used car
New: Find your dream car and see what others are paying.
Used: Search our extensive inventory for your perfect used car.
Lock in savings
Once you’ve found the right car, connect with a Certified Dealer to see your member pricing. Save an average of $1,656 off MSRP**.
Get approved and secure financing before heading to your Certified Dealer.
Drive away with savings
Visit your Certified Dealer and test drive your car. If you love it, sign the paperwork and make it yours – no haggling required!
Frequently Asked Questions
The BCU Auto Buying Service connects members with dealerships to secure a “TruePrice” on listed vehicles. By doing this, BCU members save on the price of their vehicle and can enjoy a hassle-free experience at the dealership. In addition, members who purchase their vehicle using the Auto Buying Service t are eligible to receive a rate discount on their BCU auto loan.
At the time of application, you’ll be asked for the following information:
- Name and address
- Date of Birth
- Social Security Number (Consumers)/Tax Identity Number (Businesses)
- Member number (or membership eligibility)
- Income and Employment
- Co-signer or co-borrower information, if applicable
*Note: A credit report is required to complete an application. By submitting an application, you are voluntarily agreeing to a credit report inquiry.
A co-borrower is considered a joint applicant. This person shares household expenses and income with the primary borrower and agrees to be equally responsible for repayment of the loan. As a result, both applicants’ income and credit profiles are used to support approval of the loan. A co-borrower must be an active BCU member.
A co-signer is also responsible for repayment of the loan in the event the primary borrower defaults on repayment of the agreed loan terms. However, the loan terms are determined solely by the primary borrower’s qualifications.
Since all approvals are based on variables within each applicant scenario, a loan application must be submitted for underwriter review to determine an accurate approval amount. This is based on a few variables, including, but not limited to, your credit history, income, debt ratio, the loan type, and the value of the vehicle relative to the amount of the loan (Loan-to-Value).
Yes. If we are unable to approve the full amount or term requested, we may provide you with a counteroffer.
After you complete your loan application, you will receive a pre-approval email with next steps. A loan associate will follow up within one business day to discuss loan terms including interest rates, payment options, and loan amount.
Once a pre-approval is determined, it is valid for 90 days. If the variables used to determine the pre-approval change, the pre-approval terms may change as well. You can apply for a vehicle loan before having decided on a vehicle, and your pre-approval is not specific to one vehicle.
At BCU, rates are determined using several variables, including, but not limited to:
- Your Credit Score
- Value of the vehicle relative to the amount of the loan
- Age and type of the vehicle being financed
- Payment method
- Rewards Member status
- Use of Auto Buying Service (purchases only)
For a summary of our loan rates, please visit our Rates page.
*Note: Interest rates are subject to change.
Rewards Rates let you earn more on your deposits and/or save more on your loans. To qualify for a 0.50% Rewards Member rate discount on your auto loan, you must have two of the following relationships:
a. Direct Deposit of at least $500 per month into a checking account at the Credit Union
b. At least $25,000 on deposit
c. A qualifying loan in good standing, including: Mortgage, Home Equity, Auto, or Credit Cards. A qualifying loan must have a current balance and credit cards must have a transaction within the past 30 days. Any Credit Union loan that is not in good standing or is delinquent will disqualify you for Rewards Rates.
The vehicle being financed must be within 10 model years, and/or 125,000 miles or less to be considered for financing (exceptions may be considered on a case-by-case basis). If you are uncertain whether your vehicle falls within these guidelines, please contact us with the specific VIN and mileage.
BCU offers a wide range of loan repayment options with terms up to 75 months (up to 84 months for brand new vehicles). You will be assigned a loan associate who will work with you to find the right repayment option for your needs.
Loan-to-Value refers to the amount of the loan in relation to the retail value of the vehicle being financed.
Example 1: A vehicle with a retail value of $10,000.00, and a loan amount of $9,000.00 has a 90% loan-to-value
Example 2: A vehicle with a retail value of $10,000.00, and a loan amount of $11,000.00 has a 110% loan-to-value
Yes, depending on whether the vehicle is a purchase or refinance. For purchases, please contact a loan associate for more information, as fee amounts can vary by state. There is no fee for vehicle refinances.
If you purchase a vehicle on the weekend or after business hours, please have your dealership fax/email the purchase order to your loan associate. We will contact you on the next business day to discuss the terms and next steps.
This is at the dealer’s discretion. Please contact your loan associate to discuss your options prior to arriving at the dealership.
Yes! Salvaged title/dealer buy back are case by case and collateral will need to be reviewed for approval. You will be asked to provide proof of insurance prior to funding loan. These vehicles are not eligible for GAP or Extended Warranties through BCU.
If you would like to discuss in more detail, you may call us at 888-389-8344. Our Consumer Loan business hours are Monday through Friday 7:30 a.m. to 6:00 p.m. CST. If you are ready to apply, please click here to be directed to our online loan application to apply at your convenience or call us at 888-389-8344. You may apply via phone 7 days a week, 24 hours a day. Once your loan application is complete, one of our loan associates will contact you either by email or phone within one business day to review the status of your application.
Extended Auto Coverage
Guaranteed Asset Protection (GAP)
Help cover difference of insurance payout (after deductible is met) and loan balance.
Mechanical Repair Coverage (MRC)
Reduce the risk of costly repairs. Create or extend warranty for your car.
Loan Payment Protection (LPP)
Help ensure payments are cancelled in the event of unexpected circumstances.
Servicing and maintenance benefits often at lower cost than dealership.
TruStage Auto Insurance
You could enjoy discounted rates and 24/7 claims service.
**Between 1/1/21 and 12/31/21, the average savings off MSRP experienced by consumers who connected with a TrueCar Certified Dealer through the Baxter Credit Union Auto Buying Program and who were identified as buying a new vehicle from that Certified Dealer was $1,656. Your actual savings may vary based on multiple factors, including the vehicle you select, region, dealer, and applicable vehicle-specific manufacturer incentives, which are subject to change. The MSRP is determined by the manufacturer and may not reflect the price at which vehicles are generally sold in the dealer's trade area, as many vehicles are sold below MSRP. Each dealer sets its own pricing.
1The calculator is a self-help tool used to quickly estimate the loan amount or monthly payment that fits your budget. The information is provided for illustrative purposes only. Rates are subject to change, and your loan terms may vary based on your individual circumstances. APR is Annual Percentage Rate. Published rates are accurate as of 10/1/2022, and subject to change. Offer subject to credit approval. Rate applies to 2022 and newer vehicles with a loan term of up to 75 months (based on credit worthiness), up to 100% LTV (loan to value). Call for rates on older model vehicles. Loan amount will be determined by income and other factors. The rate listed includes an additional .75% APR discount for buying through our Auto Buying Service. To receive this discount, an auto loan must be booked through BCU, and auto purchase must be made at a certified dealer through BCU’s Auto Buying Service purchasing process. The rate listed also assumes an automatic payment method and includes a 0.50% discount for having two of the following relationships: direct deposit of at least $500 per month or more into your credit union checking account; at least $25,000 on deposit with the credit union; or a loan in good standing. Qualifying loans include mortgage, home equity, auto, and credit card. A qualifying loan must have a current balance and credit cards must have a transaction within the past 30 days. Any Credit Union loan that is not in good standing or delinquent will disqualify you for Rewards Rates. Individual rates may vary based on credit score and other factors. An example of payment terms are as follows: an amount financed of $25,000 with an APR of 3.39% and a term of 75 months would have a monthly payment of $371.44.
2APR is Annual Percentage Rate. Published rates are accurate as of 10/1/2022, and subject to change. Offer subject to credit approval. Rate applies to 2022 and newer vehicles with a loan term of up to 75 months (based on credit worthiness), up to 100% LTV (loan to value). Call for rates on older model vehicles. Loan amount will be determined by income and other factors. The rate listed also assumes an automatic payment method and includes a .50% discount for having two of the following relationships: direct deposit of at least $500 per month or more into your credit union checking account; at least $25,000 on deposit with the credit union; or a loan in good standing. Qualifying loans include mortgage, home equity, auto, and credit card. A qualifying loan must have a current balance and credit cards must have a transaction within the past 30 days. Any Credit Union loan that is not in good standing or delinquent will disqualify you for Rewards Rates. Individual rates may vary based on credit score and other factors. An example of payment terms are as follows: an amount financed of $25,000 with an APR of 4.14% and a term of 75 months would have a monthly payment of $380.17.
3A credit report is required to complete your application. By submitting an application, you are voluntarily agreeing to a credit report inquiry. If you opt out of having your credit report pulled, your application will be withdrawn and your request for credit will not be reviewed.
* Mention this offer to your Loan Representative to determine if you qualify to receive the cash bonus. Auto purchase and refinance loans must be funded between 10/1/22 - 10/31/22 to qualify. Additionally, a minimum loan amount of $10,000 is required to receive this cash rebate. Current BCU loans are not eligible for the cash bonus. May not be combined with any other vehicle cash promotional offers. The total amount financed may include proceeds for loan protection coverage such as Guaranteed Asset Protection (GAP), Mechanical Repair Coverage (MRC), Prepaid Maintenance and Loan Payment Protection (LPP). The cash rebate will be awarded in the form of a direct deposit to your Credit Union checking or savings account within 3 business days from the funding date of the loan.