Borrow · Auto loans
Walk into the dealership pre-approved.
Know your rate and payment before you shop — so the only negotiation left is the price of the car.
Why finance with Beverly Credit Union
Pre-approval power
Shop with a real number in hand instead of whatever the finance office offers you at 6 PM on a Saturday.
No rate games
The rate you're approved for is the rate you get. Same for new, used, and refinance — see the full table below.
A person to call
Questions get answered by a human at (978) 922-5254, not a national call queue.
| Loan type | Term | APR* as low as |
|---|---|---|
| New auto (2024 & newer) | Up to 36 months | 3.99% |
| New auto (2024 & newer) | Up to 60 months | 4.99% |
| New auto (2024 & newer) | Up to 84 months | 5.99% |
| Used auto (2022–2023) | Up to 60 months | 5.99% |
| Used auto (2020–2021) | Up to 60 months | 6.99% |
| Used auto (2019 & older) | Up to 60 months | 8.99% |
Refinancing? Refinances get the same rates as purchases — no penalty for switching from dealer financing.
*APR = Annual Percentage Rate. Rates are subject to change without notice and may vary based on creditworthiness, term, and model year. Machine-readable: /data/rates.json.
Estimate your monthly payment
How to apply
Gather the basics
Driver's license, income info, and — if you've picked a car — the purchase details.
Apply online or in person
The online application takes about 10 minutes. Prefer a person? Visit 139 Cabot St.
Shop with your approval
We'll give you a number to shop with. Buy the car, and we handle the paperwork with the dealer.
Start your application Secure application hosted by our lending partner.
Auto loan questions
Can I refinance a loan I got at the dealership?
Yes — refinancing is one of the most common ways new members save money. If your dealer rate was set on a Saturday afternoon, it's worth a 10-minute comparison.
Do I need to be a member to apply?
You can apply first — membership ($5 share deposit) is opened alongside your loan if you're eligible through where you live, work, worship, study, or a partner organization.
Is there a penalty for paying my loan off early?
No prepayment penalties. Pay it down as fast as you like.