Car Loans

At Blue Eagle, we don't have a minimum credit score. We do storybook lending, meaning we want to know your story to determine how we could possibly help you with your next chapter. Not only that, but if you want to improve your credit score, we can provide free financial education to help you do so!

There are many variables that can affect your Annual Percentage Rate (APR). It is best to check our current rates and/or talk to one of our Member Advisors to discuss your specific needs.

Absolutely! We are happy to provide a pre-approval before you start shopping, which locks in your interest rate for 60 days. Should your pre-approval credit expire, you would simply need to re-apply.

Not necessarily, but having a co-applicant can often help you obtain a lower interest rate, or help you qualify for a higher loan amount.

Not necessarily, but having a down payment can certainly make a difference in your monthly payment, and help keep your interest rate lower by reducing the loan-to-value ratio.

Maybe. Sometimes it makes sense to refinance your car loan, particularly if you financed through the dealer, or if interest rates have dropped. However, to be sure it makes sense for you, we can do a Free Credit Review to see if we can save you money. We will give you honest feedback: if we can save you money, great, but if we can’t, we'll let you know that too!

Maybe. A car title can be used as collateral for a loan, but there are several factors that determine whether or not that’s the best option. Let’s talk! One of our Member Advisors can help you find the best loan option for your specific needs.

It depends on several factors, but once approved, you can typically get the funds within the same day as your approval.

The Loan-To-Value (LTV) ratio is a number used by lenders to help determine the financial risk of a loan. The LTV ratio considers the loan amount and the value of the asset being used to secure the loan. For example, if your car loan balance is $5,000 and your car is worth $10,000, then your loan to value ratio would be 50%.

It depends. Dealerships will often claim that in order to get certain rebates, you must finance your car loan with them, and sometimes at a higher interest rate than if you didn’t take advantage of the rebate. In many cases, the additional interest accrued with the higher rate is often more than the amount of the rebate, so you pay more over the life of the loan. Always find out the terms of both options to compare the total savings.

In the event of a total loss, an insurance settlement may not always cover the balance of your auto loan, leaving you with a car payment, but no car! Guaranteed Asset Protection (GAP) can help bridge the “gap” between the amount the insurance company pays, and the remaining loan balance. Blue Eagle Credit Union’s GAP goes even farther with our GAP Plus benefit, which gives you $1000 towards the purchase of the next vehicle you finance with Blue Eagle! Talk with a Member Advisor for more information, and to see if GAP is right for you.

This is general information only. Please refer to your actual GAP Waiver Addendum (GAP) for terms, conditions, coverage, limitations, and restrictions. GAP is not an insurance policy and does not replace or eliminate the need for vehicle insurance coverage. There are exclusions and limitations for items like delinquent payments, late charges, refundable items and financing more than the allowable Loan to Value (LTV%) limit that could leave you responsible for a loan balance after the GAP benefit is applied to your loan. You may cancel GAP during the first 60 Days and receive a full refund of any fee paid. GAP is non-refundable in most states after the first 60 Days.

GAP lasts for the term of your loan, up to 84 months, but you can also leverage up to five of the Credit Union’s skip payments.

No, GAP is just for the term of your original loan. If you refinance your loan using that vehicle as collateral, you would need to purchase GAP again.

The right extended warranty will help protect your investment by preventing you from paying out of pocket for mechanical repairs. You will have peace of mind knowing that most problems can be taken care of with our vehicle service contract from Route 66. You’ll get the coverage and benefits you want for just pennies a day! Here are a few features below, but we encourage you to speak with one of our Member Advisors today for more details – we’re always happy to assist you!

1. $0 Deductible

2. Nationwide Coverage

3. 24/7 Emergency Roadside Service

4. Battery and Flat Tire Assistance

5. Towing, Rental Car Allowance, and Trip Interruption

6. Simple Claims Procedure

7. 30-Day Free Look Period

Our flexible protection options offer coverage up to age 70, providing support in qualifying situations involving death or disability. You can cancel up to 24 months of payments on a protected loan. The maximum death benefit is up to $75,000, while the maximum disability benefit is $36,000. Additionally, involuntary unemployment protection is available as an add-on for most consumer loans, with benefits up to $15,000. This coverage is included in your loan payment, so there's no upfront cost to elect it. Plus, you could earn a 0.35% discount off your loan rate when you choose this coverage! For more details, please check our brochure, call, or visit one of our offices.