GEICO Auto Loans: Loans That Remind You of Home

GEICO Auto Loans through GEICO CU is a smart choice for GEICO members or eligible residents looking for a low-rate, transparent loan.

When you insure with GEICO, you get more than car protection—you gain access to GEICO Credit Union’s auto loans. This not-for-profit financial option is dedicated to giving GEICO members better rates, fewer fees, and perks like low APRs and strong digital tools  . Whether buying new or used or refinancing, GEICO CU aims to make your car financing experience transparent and member-first.

Why GEICO CU Auto Loans Deserve Attention

• Low Starting APRs
  As of July 1, 2025, rates begin at just 3.64% APR for 2025+ models using the Auto Buying Service, or 4.14% APR otherwise.
• No Impact Soft Prequalification
  See what you qualify for first—no hard credit inquiry until you apply.
• Rewards Program Discounts
  Receive a 1.00% rate discount when you set up autopay and meet deposit or loan-balance requirements.
• Flexible Loan Options
  Finance new or used vehicles, refinance your existing car loan, or even finance an RV or boat.
• Auto Buying Service
  Powered by TrueCar, this helps you find a great vehicle at a fair price—and locks in better APRs.

What to Know Before You Apply

1. Membership is required
   If you’re a GEICO policyholder or meet BCU eligibility (resident of certain IL/WI counties), it’s straightforward to join.
2. Vehicle Rules apply
   Eligible models must be within 10 years and less than 125,000 miles.
3. How the rate discount works
   To qualify for the 1% savings, you must have two of the following: autopay, $25K+ on deposit, or another active loan.
4. Soft pulls turn hard with application
   You’ll enjoy rate estimates without affecting your credit, but final approval uses a hard credit check.
5. Same loan used for refinancing
   You can refinance your current auto, RV, or boat loan—BCU applies the same low-rate structure.
6. Terms and fees
   Rates and terms vary by state. Refinance applications typically have no fees, while purchases may involve small application costs.

How to Apply—Easy Step-by-Step

1. Join GEICO CU
   Sign up online or by phone. Eligibility includes GEICO members or residents of select counties.
2. Get Prequalified
   Use the website to input info about your vehicle, loan amount, and personal details. This triggers a soft pull to show rate estimates.
3. Shop with the Auto Buying Service
   Find your car via TrueCar-powered tools. Approved rates can improve when used through this service.
4. Submit Your Official Application
   Choose your vehicle and terms, then apply. A hard credit check will finalize your rate.
5. Get Funded Quickly
   Once approved, funds can be sent to the dealer or applied to your existing loan quickly—sometimes the next business day.
6. Snap Up the Rewards Discount
   Ensure autopay is set up and deposit or loan criteria are met to keep that 1% rate reduction active.
7. Refinance or Finance Another Vehicle
   You can also use BCU’s refinance option or finance another vehicle—same simple steps apply.
8. Use Digital Tools & Support
   Manage your loan online or via mobile, make extra payments, and chat with member services anytime.

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