Auto financing has become the need of the hour. In the present times, when the vehicles have become so costly that one cannot afford to pay such a huge amount at once, auto financing comes to the rescue. It helps us in owning the vehicle of our choice in short span of time while paying for it later.

Many financial institutions and banks offer auto loans at competitive prices and reasonable rate of interests. Though proper research and verification is a must, you should always keep your financial credit strength in mind while opting for a particular type of auto loan.

The loan tenure plays a significant role while deciding for the respective auto financing which is to be finalized. Auto financing can be availed for short term tenure which would lead to high monthly charges with comparatively less rate of interest. You can also get auto loans for the long term which would result in high total interests being paid up with comparatively low monthly installments.

As, in both the situations, one has to compromise with one thing or the other, the best option you can opt for is the 72 month Auto Financing, which confirms to be the most profitable deal for you. As the tenure is neither too short nor too long, it proves to be the most lucrative deal you can ever think of.

72 month Auto Financing has various benefits, which establishes it to be the most appropriate choice for your auto loan. The diverse benefits are as follows:

• It is beneficial in the sense that the monthly payments are fixed to be low, which suits your budget as well as pocket.
• You can always opt for refinancing the 72 month auto loan, as it may benefit you from the changes which are brought by the lending rates.
• It is the best alternative for those people who have fixed income and small savings, and are not able to invest in luxury cars or vehicles of their own choice due to monetary constraints. Thus, the feel of owning a car of your choice gives you immense satisfaction and happiness.    

For more details on wide range of auto loans and auto financing in all credit situations, you can contact us at Greater Central Texas Federal Credit Union, 3305 E Elms Road, Killeen, TX 76542 or call at 254-690-2274.

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Buying a used car, demands even more knowledge and concern than buying a new car. It is a challenging task as details like the condition of the car, its usage and various other factors have to be kept in mind before purchasing it.

However, deciding on the purchase of a used car becomes a hassle free process when the buyer is smart enough to cover each and every aspect involved in the process of its purchase. Following are some points that must be kept in mind before buying a used car:

• Decide on the car to buy: You can list down the cars you prefer to buy beforehand, so that you can make a thorough comparison amongst them. Be aware of your needs and lifestyle, and then decide the car model that would suit your purpose.
• Look for a used car seller: You can consult the newspaper advertizements or even ask from your friends if they know a person who is willing to sell off his car.
• Check the details: After you are done with the searching of the used car sellers, it is now time to check for the history of the car. It includes the time of purchase, the cost at which it was purchased, the distance it has run etc.
• The condition: The condition of the used car plays an important role in the purchase process. Always remember that pre-owned car does not always mean a car is in a poor condition. You have to be smart enough to get a used car worth the amount you are paying. Hence, evaluate the condition thoroughly and do not hurry.
• Test drive: You must drive on all kinds of roads. Apart from a smooth drive, check for the sounds, vibrations and jerks also.
• Paperwork: Be very particular about the paperwork involved in the purchasing process. It includes the registration of the car, the legal policies, the change of ownership documents etc.
• Finalize the deal: Try to negotiate with the price as per your capacity and then finalize the deal.

However, do not search for the cheapest car, rather look for a car that is good in condition as well as has a reasonable price tag.

To avail cheap and secured car loans, for used car as well as the new ones, visit us at Greater Central Texas Federal Credit Union at 3305 E Elms Road, Killeen, TX 76542 or call at 254-690-2274.

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Are you searching for a car loan, but not able to find the right source? At the Greater Central Texas Federal Credit Union, we have the perfect solution to your problem. We are the most reliable and quickest loan provider with the least rate of interest. Our loan products are of great help to people who tend to suppress their desire of buying a car because of its heavy price tag.

But we at Greater Central Texas Federal Credit Union assure you a hassle free and easy way to fulfill your desire of buying your dream car. Our cheap finances take away all you worries regarding paying back the loan.

We provide loans to all those people too, who are facing the problem of bad credit. No matter you buy a new car or an old one, we will provide you with instant loans for both.

However, we have listed below the ABCs of taking a car loan just for your convenience:

• Always keep in mind your budget and the amount you will have to pay in installments.
• Decide before hand which car you want to buy.
• The loan will always be higher for a costlier car and so will be the rate of interest.
• In how much time you will be able to pay back the loan.
• Your credit ratings will have a huge impact on the interest rates, so always try to keep a good credit record before applying for a loan.
• Always check for the reliability of the firm that is proving you the loan.

Greater Central Texas Federal Credit Union is a group of experienced members who make every effort to provide you with the loan. We are the most reliable and secure firm to provide you with not just the auto loans but also with home loans.

Contact us today to make your dream of owning a car true! Have no worries if you have a bad credit, just visit Greater Central Texas Federal Credit Union, located in Killeen, Texas or call us at 254-690-2274.

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Car loans are the most important monthly expense for a majority of people. People get attracted to new cars and usually follow the general trend of paying lesser amount as down payment and more monthly payments. In most of the cases, it is impossible for the car to be refinanced. One possible way out that can help you to lower your monthly car payment without even refinancing the car is private debt restructure.

• Think of a solid reason to get a restructure. Often the lenders only grant these so called ‘hardship loans’ in the case of an emergency or financial crisis like medical emergency, bankruptcy or loss of a job.
• Work out your own DIR or debt to income ratio. A high ratio will cause you to face tough times to make monthly payments. To calculate your DIR, divide all your monthly expenses with your gross monthly earnings. For instance, your income is $2000 and your monthly expenses (including the car payments) are $1000. So, your DIR would be 50 per cent, which is considered to be very high by the lenders.
• Determine the current rate of interest on your auto loan. Make out what would be the interest rate that you can easily manage. It is very important to be very clear before you request for any modification in the rate of interest.
• Drop a line to your lender to know about the hardship plan. Make sure that you put forward all the required documents in support of your claim like bank statements and income documents.
• Make sure that all the proposals of the hardship plan are in writing and that the terms and conditions will be of assistance your present financial condition.
• Be prepared to make changes in your personal budget and expenditure so that you are able to pay back a heavy car loan.

To avail cheap auto loans in Central Texas, contact us at Greater Central Texas Federal Credit Union. Our unique loan plans can assist you in getting lowest rates for auto loans. We can be contacted at 254-690-2274.

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It is very important that you act smartly in a deal to buy a car or you will end up losing much more money that you actually should. Generally, most of the car buyers arrange money before buying a new car. This scheme, known as auto financing, means the way you are going to pay for your new car. You can get your car financed by getting an auto loan which you can use in two ways: either pay the money to buy the car, or use it for lease.

If you have purchased a car before, you might know that the loan provider will check your credit report before doing any sort of deal with you. However, this is not the only requisite for taking an auto loan. Auto dealer will also try his best to appease the deal and give you special offers on car financing. But, you need to be extremely watchful.

Remember, you should be well prepared for this. Consider all the options of auto financing before visiting the dealer so that you can manage your car loan as well as your credit. Bear in mind that no deal is permanent until you have a hard copy for it. When you are done with the negotiations, do get the sales contract prepared.

Overstated interest rates
Be careful to verify your monthly payments as well as the interest rates. Different car buyers are charged with different rates of interest depending upon their credit history. If you have a poor credit history, you will be charged a high rate of interest and this is where the car dealer profits from your loan.

Independent auto financing
If you have a pre-approved auto financing, you can go up to the car dealer and purchase the car as a ‘cash buyer’. It would be good if you go for independent auto financing to buy a new car.

To get Auto Loans in Central Texas, visit Greater Central Texas Federal Credit Union. We have amazing deals on auto loans for our customers. We are located in Killeen, TX. You can also call us at Phone: 254-690-2274).

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For the families that have more than one vehicle, it is logical to get your car loans consolidated. Consolidation of car loans is a process through which you can combine all your vehicle loans into one payment. Car loan consolidation can be very beneficial to you if:

• You want a lower rate of interest
• You have to pay several loan installments in one month
• You want to cut down your monthly payment

Requirements for loan consolidation

• Income proof- Most of the lenders seek a job of at least 6 months. However, long term employment would increase your credit worth. Gather at least six months pay statements to present for the verification of your job and income.
• Insurance- Make sure that you all the vehicles that you want to cover under the consolidated loan are insured. Some insurance companies also offer discount on multiple vehicles.
• Residence proof- A stable residency will increase your credit worth. You should be able to put forward at least six months utility bills for your address and a proof of identity.
• Credit history - It is important that you have knowledge about your credit rating. Most of the time, you can be rejected for a car loan only because of a poor credit history. It’s not that you can’t consolidate your loans without a good credit history, but do not expect discounted rates of interest.

Benefits of consolidating car loans

• A person who is paying large monthly payments can benefit from loan consolidation by increasing the time period of the loan. However, increased time period means more interest payment at the end of the day.
• For the people who have multiple loans, consolidation can help to keep a record of the due monthly installments and pay them in time.

As a concluding point, car loan consolidation depends upon the situation of each and every borrower. Those who are already laden with debt should think before opting for consolidation.

To obtain cheap and secured loans easily and quickly, consider Greater Central Texas Federal Credit Union only. For any assistance, call us at 254-690-2274.

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It is not a simple task to buy a car for the first time. Most of the people seem to be confused and puzzled about where to go to get a car loan. But, it is very easy to find a loan for a first time car buyer. Given here are some easy but important tips that can help you in getting a loan and buy a new car for yourself.

• Do not even try to lie about your monthly expenditures to give the impression that you can meet the monthly installments. It would be good if you accurately determine how much you can actually afford to borrow. This way you can modify your application according to your needs. 

• Try to make as much down payment as you can. This will help you to reduce your monthly payments for the loan. While applying for a loan, try to convince the lender as much as possible. Simply by showing an effort to reduce the monthly payment, you can make a better impression on the lender than those who apply for the loan blindly.

• Find out a lender that specialize in granting loan to people that do not have any credit history. You are likely to have a higher chance of success in getting a loan than when you apply in a bank or so. However, your ability to repay the loan will be assessed by these lenders also.

• Do make sure you find out all the hidden charges in the deal. Also find out if there are any pre-closure charges levied by the lender in case you wish to pay up loan amount to lender before the agreed term.

Thus, following these sure shot tips will definitely get you a good deal on loan to buy a car for the first time. To obtain cheap auto loans in Central Texas do visit Greater Central Texas Federal Credit Union. We have amazing deals on auto loans for our customers. Call us at phone: 254-690-2274. We are situated at Killeen, TX.

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There are many options for obtaining auto loans for those who wish to purchase a vehicle in the state of Texas. Texas has a well developed banking system that provides competitive interest rates to car buyers along with reasonable terms and conditions. The only requirement for qualifying for a loan in this state is to have a sound credit rating. It can get quite difficult to obtain a loan if you have a negative credit history. Thus the first thing that should be done in this case is to go about improving your credit ratings so that you qualify for auto loans in the state of Texas.

There are several things that can be done in order to improve your credit like repaying existing loans in a timely manner, not taking loans for an amount that you will be unable to repay, asking a person to stand in as surety, etc. There are credit counseling services provided by many experienced companies in Texas that can guide you regarding the best methods to improve credit in a short time period.

The kind of car that you are purchasing can also have a direct bearing on whether you are granted a loan by the lending institution or not. If you have a great credit rating, you can choose an expensive new car and still obtain approval from a bank for your auto loan. However, in case your credit is bad, you may have to settle for a second hand or a low priced car in order to qualify for a loan.

Before going ahead with an auto loan, you should conduct an online survey in order to find out the prevailing auto loan rates in Texas. This figure should then be compared to the actual rates being offered to you by banks in the area. You will also need to have a fair idea about the amount of down payment you may have to provide in order to obtain the auto loan successfully. In most cases, the down payment tends to be around twenty percent provided you have a reasonable credit rating in the state. It may increase if you have low ratings.

For Lowest Used Car Loan interest rates in Texas, visit Greater Central Texas Federal Credit Union.

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There are many lenders in an around Texas that can be approached to obtain auto loans. Buying expensive vehicles by furnishing huge lump sum in one go is uite a difficult task. This is where the auto loan become a useful tool. Auto loan is a great method through which one can complete the payment in a stress free manner over a number of years. There is usually a fixed term for repayment of an auto loan in case of most money lenders in Texas. One generally needs to repay the borrowed sum before the end of this period so as to avoid legal issues.

Sometimes, you may find it easy to repay the remaining loan amount along with the interest accumulated on it long before the loan terms is touted to end. This may be on account of availability of money required to close the loan contract. The method of fulfilling your auto loan liability by repaying the remaining dues in one go before the expiry of the loan period is known as preclosure. This is quite beneficial as it helps you avoid escalating interest rates that may be revised due to general inflation in the economy from time to time. It also helps eliminate the burden of furnishing monthly payments out of your salary. Not to mention you save on the interest part as well. Certain financial institutions do charge a small preclosure fee on your loan amount that was due.

Almost all individual money lenders as well as money lending institutions offer the chance of going in for a preclosure to borrowing customers. You can read about the particular terms of initiating the preclosure process in your loan document. It is advisable to be aware of this process before you sign the loan contract so that you can conveniently get a preclosure for your loan amount.

A preclosure in relation to an auto loan is not likely to affect your credit ratings in a negative way at all. On the contrary, it is bound to strengthen your credit score thus making you better eligible for future loans. Most banks in the future are likely to prefer providing loans to you on account of your great record of repaying a loan even before it falls due.

For Auto loans in Central Texas do visit Greater Central Texas Federal Credit Union. We have amazing deals on Auto Loans for our customers. Call us at Phone: 254-690-2274. We are situated at Killeen, Texas.

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One of the best possible ways to get rid of the heavy burden of your car loan, even while having a bad credit history or score, is to refinance the loan. Refinancing will allow you to take a loan that can be used to pay off the present loan. Since the new loan will be at much reasonable fees and rates of interest, this simple financial deal will help you save a lot of money.

The most basic reason of refinancing the car loan is the inability of the people to pay back the loan due to high installments. The monthly payments will substantially decrease if you refinance your auto loan. Given here are some tips that you should keep in mind while refinancing your car loan.

• Make sure you have a complete knowledge about your present credit report and credit rating. You can easily obtain these at the internet. Your present credit score is also available at a nominal fee.
• Find out the value of your car. It is not a prerequisite for refinancing the car loan but you should know about its value. There are many resources on the internet that can help you to get an estimate of the value of your car. 
• Make inquiries about the accessible lenders. It is possible that your present lender may also agree to refinance your loan. However, you should do a good survey to find out the lender that will charge the lowest rate of interest and refinance the lowest amount possible.
• Make sure that all the offers that the lender proposes is put in writing. Carefully read and make a comparison of each and every proposal and then make a decision.

If you want to refinance your bad credit car loan, then by all odds reach Greater Central Texas Federal Credit Union. You will be surprised to hear about our interest rates which are quite low as compared to others. Call us today at Phone: 254-690-2274. We are situated at Killeen, Texas.

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