• Quick loan approval: A credit union considers the loan application of the members irrespective of their credit history. It offers quicker approval and is flexible in the loan terms as well.
• Competitive and reliable: Being non-profit organization, the credit union is member owned and operated. Thus it offers lower interest rates that make the loan more affordable and at flexible terms. The union uses the generated revenue to offer lower fees and lower rates.
• Personalized service: The credit union offers customized services to the members. You can discuss your loan needs with the staff and they can offer personalized loan solutions. You can also opt for flexible repayment options and gain from the professional support of the staff. They not only offer you repayment solutions according to your needs but also guide you on buying a suitable car. 
• Guidance available: The credit union offers guidance about taking the right decisions while assessing the value of cars. The staff helps you calculate the real value of your car, if you are a new buyer. They also help you better understand your financing options. 
• Not sales focused: Unlike banks, the credit union is non-sales oriented, so it do not offer bonus or other compensation to the lenders. The union returns whatever profit they earn to the members in the form of low interest rates on savings accounts, financial products and loans. 
• Easy loan process: It is quite easy to apply for auto loan as members can go to the credit union office and discuss the needs face-to-face with a loan office. The members can apply for the loan at particular dealership, over the phone or online. The staff is very friendly, courteous and assists the members in applying for a loan.
  

We, at Greater Central Texas Federal Credit Union, provide secured and unsecured auto loans to all our members. For more information, call at (254) 690 – 2274.

Auto Financing relates to the financing of the auto vehicles, especially for those buyers who are not able to buy the vehicle of their choice due to the high prices of the vehicle. Auto financing provides them with the auto loans, thereby enabling them to own the cars of their choice instantly and pay for it later. These auto loans help in managing the monthly budget by taking off the burden of paying the huge amount of the vehicle instantly. This is done by levying a reasonable rate of interest which is paid as monthly installments for a pre-decided period of time to the auto loan provider.

Though, auto financing provides you with an easy option of getting the vehicle without worrying about its high prices, there are some do’s and don’ts about auto financing which you should always keep in mind. Some of these do’s and don’ts can be described as under:

Some Do’s about Auto Financing

• Do introspect and try to analyze your personal financial strength and the credit history, before you could decide about taking an auto loan. It is essential to know what your pocket allows without difficulty at a later stage.
• Do research well beforehand and decide about the vehicle you intend to buy and the respective prices that are available in the market. Also research about the rate of interests that are offered by the different financial institutions and banks for the auto loans.
• Do negotiate and try to bargain with the interest rates with the auto loan service providers. Many banks offer low interest rates to grab the attention of the customers but levy hidden charges. Therefore, it becomes important to check and negotiate properly.
• Do verify the documentations of the auto loans you are applying for and the respective legal formalities related to it. It is also necessary to verify the loan provider which may be a bank, financial institution or private company.

Some Don’ts about Auto Financing  

• Don’t overdo your budget as it would prove to be a bad deal later on. It is necessary to keep aside some cash or funds for the times of emergency or financial ups and downs.
• Don’t go for very high rates of interest as it would create problems in the long run.
• Don’t make decisions in a hurry as it would hamper your loan process as well as your financial position, which may suffer losses.
• Don’t settle over a deal without thinking over its pros and cons. The deal may look good for a while but it is should be workable in the long run as well.  

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 us at 254-690-2274.

72 Month Auto Financing - Auto Loan in Killeen, Tx