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Auto Loans

At BFCU, we provide our members with some of the lowest auto loan rates in Massachusetts. Whether you are buying a new or used vehicle, we can make the process of getting your next car simple and efficient. We offer flexibility on our loans, so you can take the full length of the term to payoff it off or do it early without having to fear any prepayment penalties.

BFCU Lien Holder Code: 


Auto Loan Request

Submit your online auto loan application today for quick approval. Interest rates are determined by applicant's credit score.**

**Direct Deposit Discounted Rate: The ANNUAL PERCENTAGE RATE on your loan will reflect a discount of 0.50% if you have:

  1. A checking account with BFCU;
  2. A savings account with BFCU;
  3. Direct Deposit from your employer to the BFCU checking or savings account;
  4. Automatic loan payments from the BFCU checking or savings account that the Direct Deposit is set up with;

Your ANNUAL PERCENTAGE RATE will increase by 0.50% if you discontinue Direct Deposit to your BFCU savings or checking account. Any increase will take the form or more payments of the same amount. EXAMPLE: If your loan was $10,000 at 6% for 120 months and the rate increased to 6.50% after 3 years, you would have to make 4 additional payments.

New/Used Auto and Motorcycle Payment Examples-48 Month

$20,000 Loan
4 Years
5.99% APR*
$108.57 Weekly Payment
208 Payments

What to Expect

Dealer Purchase

When purchasing a car from a dealership, you'll list BFCU as the lien holder on the purchase and sales agreement, Registration and Title Application (RTA). We will require a copy of the sales sticker when you purchase a new vehicle. 

Private Party Purchase

In cases of purchasing a vehicle from a private party, we will require a copy of the title (front and back), bill of sale, the Registration and the Title Application (RTA). BFCU should be listed as the lien holder.


When refinancing your loan, we require a copy of your most recent loan statement, including the name of the financial institution, the payoff address, and the account number of your former loan. Additionally, please provide the 10-day loan pay-off amount, per diem (interest per day), and a copy of your car's registration. 

Lease Buyout

In the case of a lease buyout to finance the remainder of your car's purchase price with BFCU, we require a lease buyout letter from the leasing company. Please also provide an odometer disclosure statement and security deposition authorization (if applicable). 

*APR = Annual Percentage Rate
Payment examples are approximate.  Annual percentage rate noted above reflects a discount of 0.50% because you have 1. A checking account with BFCU, 2. A Savings account with BFCU, 3. Direct Deposit from your employer to the BFCU checking or savings account, and 4. Automatic loan payments from the BFCU checking or savings account that the direct deposit is set up with. Rates may vary based on individual credit score. No pre-payment penalties.
Older than 2019: Up to 48 Months
2019 - 2020: Up to 60 Months
2021 and Newer: Up to 72 Months

Still have questions?

Send us a message and we can have a member service representative reach out to help you through the process.

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Membership Requirement

Membership in this Credit Union shall be limited to:

  • The members of the first responder community in Massachusetts (employees and retirees of the fire departments, police departments and municipally operated EMS departments)
  • Employees and retirees of Boston Firefighters Credit Union
  • Labor Union employees and retirees thereof serving the first responder community in Massachusetts
  • Employees and retirees of the Suffolk County Sheriff’s Department
  • The family members of those persons listed
  • The Professional Firefighters of Massachusetts
  • The International Association of Firefighters
  • The State Police Association of Massachusetts

For the purposes of this section, the term “family member” shall be defined to include spouses, domestic partners, sharing a principal residence in the same household as the member, and children as well as parents, grandparents, grandchildren, siblings, nieces, and nephews whether related by blood or marriage.

By clicking continue, you are verifying that you belong to one of these groups.

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