• Willingness to give loans: Credit unions understand their members‘ needs to take loans and patiently assess their credit history and financial ability to provide them the required amount. The loan eligibility requirements are not so stringent at a credit union which increases the likelihood of getting an approval.
• Low fee and rates: The purpose of a credit union is not to make profits but to offer financial aid to the members to its members. Thus, they offer low interest rates and processing fees on all loan plans.
• Personalized service: The credit union board of directors consists of the members and thus you can expect to receive personalized services. The staff reviews your concerns regarding loan term, repayment flexibility and financial needs to offer a customized loan plan.
• Provide proper education: Credit unions provide complete assistance to the members regarding the financial tools and resources available. Thus, you can seek guidance regarding how much money you should borrow or the premium amount you should settle on as per your financial position. Credit unions have professionals to guide you through the loan process.
• Unions are stable: Market fluctuations do not make your monthly repayments volatile when you have get a loan from a credit union. This is because the source of their finance is the deposits of other members. This make the credit unions a stable source to finance your home or vehicle purchase.
• Other benefits: Besides simplifying the loan process, the credit unions also offer many other services for the benefit of its members. These may include wire transfer, savings and checking account, MasterCard, ACH origination etc.

More and more people are opting for auto loans these days. One of the main reasons behind this is the savings in terms of cash. The other reasons include low rates of interest, short term and low monthly payments offered by most of the lenders. When you start to look out for the best auto loan options, it becomes important to weigh various pros and cons of various lenders and the deals being offered by them. In such a scenario, the following tips may be of great help to you:

• The best way is to do some research beforehand. It will put you in a much better bargaining position and give you a greater flexibility while opting for an auto loan.
• It is wise to shop around for loans before you start shopping for your dream car. You can search for various loan proving institutions which almost always offer you a better rates of interest than the banks.
• Make sure that you know your affordability ahead of time. Find out the monthly payments which you can afford and then determine if it goes well with the price of the car. This will give you a clearer idea of which car you can afford to buy. It will also make sure you get the best deal for both the car as well as the financing.
• It is also noticed that the car dealer usually talks about the monthly cost rather than the total cost of the car. You must remember that you have to negotiate the total cost and not the monthly payments. It is advised to first agree on the total price of the car and then begin to discuss about the auto financing option.

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. We offer you flexible loans to suit your financial compatibility.

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.

Lowest Used Car Loan - Cheap Auto Loan - Secured Auto Loan

If you are thinking of buying a used car for the family but are not yet ready to make a large one-time investment, it makes sense to go for a used car auto loan. With a used car auto loan, the vehicle you purchase costs much less to begin with and your loan provides you with a way to scatter payments into comfortable and easy monthly installments thus enabling you to start using your car immediately without having to worry about one-time payments. There are a number of things to consider when you want to finance a used car. Knowing about these factors can help you make a wiser, smarter decision and make the process smooth and easy.

Initial Considerations

The first thing you need to determine before you can start the process of getting a used car auto loan is to set a concrete budget. Remember to include all possible components in your budget likes local sales tax, licensing fees and car titling fees. If you calculate these costs ahead of time it will really help to figure out the value of the used car that you finally choose.

The next step is to choose a used vehicle and determine its exact current value accurately. Make sure that you get a fair price and have the vehicle assessed by professionals, if there is need for that. To know more about the condition of the vehicle in question, you can ask for a history report from the previous owners which would tell you about usage records, servicing records and records of accidents if any. This helps you foresee potential problems in the future which can turn out to be costly.

Getting a Used Car Auto Loan

When all the initial steps have been taken care of, you can then move onto the actual process of getting a used car auto loan. Keep a close eye on your budget and figure out how much you want to spend monthly. Another thing to watch out for is the interest rate which you will be charged with a used car auto loan. Make sure that your monthly payment figure and the rate of interest is favorable to you and enables you to smoothly make monthly payments with convenience and by staying within your original budget. On figuring these things out, the only thing that remains to be done is to complete the actual paperwork and you will have the money to buy the used car of your choice.