BCI Financial Review

BCI Financial was organized in 1998 and has since been the leader in the lending market in the New England region. It boasts having a strong commitment to providing excellent customer service and the right financial solution to each person's needs.

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    BCI financial provides indirect financing for car dealers throughout New England. At present, it is utilized by over 200 car dealers throughout the region. As a contractor, it only contracts with reputable dealers that sell both new and used vehicles.

    How do BCI Financial auto loans work?

    BCI provides financing to borrowers through automobile dealerships. The loan process will start will you searching for your preferred car dealer.

    After you choose a vehicle, you will be forwarded to that car dealer's finance office where you will fill out necessary information such as your personal, income, and credit history details. This application will then be forwarded to BCI. Credit analysts from BCI will then review your application considering your credit reports to determine whether you get approved.

    If you get approved, BCI will send a notice of approval to your chosen dealership. You need to review and sign these documents and once the paperwork is finalized, you can drive your car happily.

    Credit score

    One of the deciding factors of your loan approval from BCI is your credit score. Having said, it is important to keep your score above 600.

    How much can you borrow?

    With BCI, you can receive the whole market value of your chosen vehicle.

    What types of vehicles are eligible for financing?

    It was not specified on its website which vehicles are eligible for financing. But considering that it has partnered with over 200 dealerships, it is safe to assume that all types of vehicles are supported.

    How do I qualify?

    To qualify for a loan, you need to pass the credit evaluation performed by BCI’s qualified credit analysts. If your credit history and income sources are stellar, then getting approved is easy.

    What documents do I need?

    There is no mention of the documents you need to submit, but every application starts at your chosen car dealer. Every dealership may vary in terms of requirements, so to know more about the documents you need to prepare, check with your most trusted dealer. But definitely, your credit history will be among those documents.

    What are the fees?

    An online account system is available via its website. If you opt to pay using this system, a service charge of $5 is added to your monthly payment amount. If you want to pay for FREE you can make payments via mailing your check (as long as it’s done within the US) or by signing up to the automatic payment service of BCI.

    How long does the loan process take?

    It is not clear how many days it’ll take to get your loan application approved. But you can always make follow up calls to your car dealer about the status of your loan.

    How to apply for an auto loan?

    As mentioned above, you first need to look for a car dealer. Then, through its finance officers, you will be asked to fill out forms and submit documents which will then be forwarded to BCI for approval.

    What payment methods are supported?

    You can pay your loans online via its website or by mailing your check payments in its office.

    BCI Financial Pros And Cons


    • It’s trusted by over 200 car dealerships


    • Loan rates are not disclosed
    • Bad credit could lead to rejection

    Is BCI Financial right for you?

    Having gained the reputation of being the leading lender for vehicle loans throughout New England, it’s safe to say that BCI is a pretty good option. But judging with its credit evaluation process, those with bad credit history may have a poor chance of getting approved.

    If you are searching for an auto loan financier that offers flexible terms and competitive rates, you can try Carvana. It’s also available in 48 states and delivers car at your doorsteps.