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.
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.