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What you need to know about BECU auto loans
BECU is a not-for-profit credit union that returns its profits to members in the form of fewer fees, lower rates and free financial education. If you’re a member, you can apply for a BECU auto loan directly through the credit union’s website or through a participating dealership.
Is a BECU auto loan right for you?
Assuming you can become a BECU member, a BECU auto loan could be a good option for someone who wants to finance a used vehicle with a significant amount of mileage. It could also be ideal if you think your credit will significantly improve in the near future, because you could qualify for a rate decrease down the road.
But if you want to refinance an existing auto loan, you’ll need to consider other auto lenders because there’s no refinance option.