Access competitive auto loan APRs available only to our members.
Offer great loans for not just cars, but also motorcycles, boats, and RVs.
Use your benefit to refinance an existing loan from another bank and potentially save.
Get an additional rate discount when you use our partner car buying service.
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First, Let’s Confirm Your Eligibility+
This benefit is exclusively for our GEICO team and their families. If you’re a current or retired GEICO employee in the U.S., you’re in. This exclusive access also extends to your immediate and extended family members, including parents, children, siblings, and even cousins. It’s a benefit that extends to the people you care about most. Before applying for a loan, the first step is always to activate your credit union membership.
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Getting Your Next New or Used Car+
Once you’re a member of the credit union, financing your next vehicle is a simple and rewarding process. We highly recommend getting pre-approved online before you go to a U.S. dealership. A pre-approval from your credit union lets you shop with a firm budget in hand and gives you the negotiating power of a cash buyer. It’s a smarter way to approach the car buying process.
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An Extra Perk: The Car Buying Service Discount+
To add even more value to your benefits package, the GEICO Credit Union provides a Car Buying Service. When you use this service to find your new or used car at a certified dealer, you can get an additional 0.50% off your already low loan rate. It’s a fantastic perk that can save our members a significant amount of money over the life of their loan.
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Improving Your Current Situation: Refinancing+
Your credit union benefit isn’t just for new vehicle purchases. If you have an existing auto loan somewhere else with a high interest rate, you can use your membership to refinance it with Geico. Many people have lowered their monthly payments and saved hundreds of dollars a year this way. It’s a great financial wellness tool available to you.
Top Auto Loan Options in the U.S.
- GEICO Credit Union Auto Loan – Offers prequalification without affecting your credit score, APRs as low as 3.64% for new 2025+ cars, up to 84-month terms, and next-business-day funding options.
- PenFed Credit Union – Known for some of the lowest member APRs via Car Buying Service.
- Bank of America Auto Loans – Fixed-rate loans with soft-pull prequal and a 30-day rate lock.
- Capital One Auto Navigator – Soft pull preapproval and live rate previews at dealerships.
- LightStream (Truist Bank) – Offers fast unsecured auto loans with no vehicle restrictions.
- Carvana Financing – Provides a fully online car shopping and financing experience, with delivery.
Dealer-Supported Lending Through GEICO CU
GEICO CU serves its members through online prequalification tools, and you can finalize your loan with any participating dealership. Their process delivers a soft-pull pre-approval, so you can explore payment options without impacting your credit score.
How GEICO CU Auto Loans Work
- Low APRs—as low as 3.64% for new 2025+ vehicles when using their Auto Buying Service, and 4.14% without it.
- Financing up to 84 months, with similar terms for used cars and even RVs, motorcycles, and boats.
- Quick funding—once approved, funds can be available by the next business day.
- Member discounts—earn a 0.50% APR reduction for AutoPay enrollment and additional savings through the auto-buying program.
- Coverage choices—including GAP protection and loan payment protection to safeguard against unexpected circumstances.
Traditional Bank Financing vs. GEICO CU
Major banks like Wells Fargo or PNC offer auto loans with standard systems, but GEICO CU stands out by providing lower rates, speedier funding, and member-first support, all bundled with perks like online calculators and loan coverage options.
Unsecured Personal Loans vs. Secured Auto Loans
While GEICO CU provides personal loans, vehicle-backed auto loans offer superior APRs and longer repayment plans. Plus, they include vehicle-specific coverage options and Dealer integration—unlike most personal loans.
Buy Here, Pay Here vs. GEICO CU
Buy Here, Pay Here dealers offer convenient in-lot approval but frequently come with high interest rates, hidden fees, and uncertain credit reporting. GEICO CU, on the other hand, offers transparent terms, regular credit bureau reporting, and online tools to manage your loan—making it a more reliable and secure choice.
How Auto Loans Affect Your Finances and Credit Score in the U.S.
With GEICO CU, prequalification uses a soft pull, sparing your FICO score. When you finalize your loan, a hard inquiry is recorded, but multiple pulls within a short window count as one. Paying on time reduces your Debt-to-Income ratio, strengthens your credit, and boosts your mortgage eligibility. You can enroll in AutoPay, track payments online, and use service additions like GAP to protect your investment and credit score.
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