Stringent loan regulations and tough lending policies make it difficult for a regular new car buyer to cope with the situation. One of the biggest challenges as a car buyer without a credit history worth boasting of, might be to get a cosigner for your loan. Put simply, a cosigner is a person who signs your loan along with you, taking shared responsibility of you paying the loan, and the consequences that would follow if you do not.

Getting an auto loan without a cosigner might be difficult but is definitely not impossible. The main thing that you need to focus on is saving enough money to pay up high upfront. With that taken care of, you can easily get a loan, with your car as the collateral. However, if you are considering getting an auto loan without a cosigner, you need to be careful about the following-

• The car should not be more than 5 years old
•  The down payment should be a fairly large amount.
•  You should be ready to repay the loan in a relatively less amount of time (around 4 years)

If you have no/bad/low credit history, and are looking for a no-cosigner auto loan, you might have to compromise on the rate of interest, which is bound to be higher than it would otherwise be. To ensure that this does not happen, you need to work on the above factors, each of which can help to significantly decrease the interest that you need to pay. 

If you cannot afford sufficient down payment, a good idea would be to ask a close friend or relative to pitch in. That way, you can end up with a low interest rate, eventually saving money, which you can repay to your personal lender. You can also seek professional assistance to improve your credit score. This can be done by searching for discrepancies in your credit report, as well as reporting positive credit that might have gone missing.

We at Greater Central Texas Federal Credit Union provide you with fastest and reliable auto loans in Central Texas. No matter you want to purchase a new car or a used one, we have solutions for all your loan needs. For more details on secured auto loans and car financing, visit us at Greater Central Texas Federal Credit Union located at 3305 E Elms Road, Killeen, TX 76542. You can also call us at 254-690-2274.

Secured Auto Loan - Cheap Auto Loan

A majority of people postpone buying cars just because they do not have enough money for the same. If you are amongst the ones who have postponed buying their dream car due to financial constraints, you will be glad to know that various secured and unsecured auto loan plans can help you. You can choose from various auto loan plans, loan tenures etc that will suit your financial budgets.

What are secured and unsecured loans? A secured loan is backed by some collateral having value equal to or greater than the loan amount. It offers you flexibility to repay the amount at a reduced rate of interest. Whereas an unsecured auto loan on other hand does not make you pledge any collateral to the loan provider. It is simply granted on the basis of your monthly income as well as expenses. Though one can find a number of banks and auto loans providers in Killeen, but choosing the right one is extremely important. While selecting an auto loan, you should look into any hidden charges, interest rates, loan tenure etc being offered by financial service provider and should compare it with others.

We at Greater Central Texas Federal Credit Union provide you quick and cheapest car loans in Texas. We neither harass you ask you by asking unnecessary questions nor make you wait for days to sanction your auto loan. We are renowned to approve your loan within 24 - 48 hours from the time we receive your completed application and verification of income.

If you are planning to buy a car, truck, van or any other vehicle, visit us today and avail the cheapest auto loans in Killeen. We also provide quick used car loans. All you need to do is fill in your details in the used auto loans application form. We will get back to you in 24 hours and provide you cheap auto loans.

For Cheap Auto loans in Central Texas visit us at Greater Central Texas Federal Credit Union 3305 E Elms Road, Killeen, TX 76542. You can also call us at 254-690-2274.

Cheap Auto Loan - Secured Auto Loan