Joining a credit union is one of the best decisions anyone can ever make, and if you haven’t joint one yet, it is high time you did! After all, credit unions are among the few financial institutions in the modern world that function on a “users’ first” and “not-for-profit” model. While the principle aim of commercial banks remains to enrich their shareholders, credit unions aim at helping their members. The following list enumerates some of the top reasons to join a credit union-

• Better interest rates- Credit unions offer the best available interest rates, making them a great option for anyone seeking a cheap auto loan.
• Increased chances of loan approval- If you are looking to get a personal loan, the chances of you getting approved at a credit union are higher than at other financial institutions. This is because credit unions usually know profiles of most of their members, and hence can take non-financial factors into account.
• Personalized attention- While you are just an account number at a huge bank, you are treated as an individual at a credit union. This makes it easier to build relationships with the credit union staff, speeds up the process of getting a loan, and makes tackling issues like erroneous fees a lot more convenient.
• Lower fees- Right from minimum balance required in your account and compulsory monthly financial interactions, to ATM withdrawal, the fees imposed by banks can be huge. Credit unions on the other hand, have a lot more flexible terms, and whenever necessary charge minimal fees.
• Easier availability- Credit unions are a lot more accessible than most banks. You can find a credit union in nearly every neighborhood, and some of these have special opening hours, such as evenings or Sundays, for the convenience of their customers. It is also a lot easier to reach a credit union employee over the phone, as compared to a huge bank.
• Education for members- Credit unions makes an effort to educate their members through regular seminars, personalized financial counseling, and meetings for members. For instance, if you are a youngster looking for the lowest used car loan, not only are you likely to get the best deal for your needs and budget at a credit union, but you can also expect to get the right financial advice on whether you are ready for the loan, and how to manage your finances around it.

With 3 and 5 year loans dominating the car financing market, most buyers know little about lesser popular 72-month auto loans. While these loans make a car buyer pay a greater amount of interest eventually, they are of advantage to those who can’t afford to pay high monthly installments. If you are considering the 72 month auto finance, the following list of pros and cons will help you decide whether such a loan is right for you or not.

• The most obvious advantage of a 72-month loan is the low monthly payments on such a loan. Since the loan has to be repaid over a longer period of time, the monthly payments are low and hence affordable.
• If you want to buy an expensive vehicle, such a loan can help you in achieving this dream even if the car is not quite within your budget.
• A good question to ask yourself before opting for a 72-month auto loan is whether you are the kind of person who likes to trade in the old car for a new one every few years. If you are likely to get tired of your new car in a couple of years, this loan is not the right option for you, since the chances of you ending up with a negative equity are high.
• Another disadvantage of such a loan when compared with car loans of a lesser duration is the higher interest rate that you shall end up paying. While such a loan appears to be cheaper while taking the monthly payments into account, the fact is that you eventually pay a high overpayment amount.
• If you have an irregular pay cycle when in some months you earn more than the other months, such a loan would be perfect for you. The low monthly payments make it possible for you to keep up with your payments and even make higher payments on certain months when you have a lump-sum of money.
• Such a cheap auto loan is a great option for students who work part-time and make better money during the summer. As long as you are willing to make the payments for the 6-year period of the loan, such a loan can be very affordable and convenient.

To procure instant 72 Month Auto Loan in Central Texas, visit us at Greater Central Texas Federal Credit Union. We are located at 3305 E Elms Road, Killeen, TX 76542. You can also call us at 254-690-2274.

Buying a new car is always exciting and simple auto loans in Killeen have made procuring the desired set of wheels even more easy. However, when it comes to paying off the loan no matter how cheap, most buyers find themselves making the uncomfortable realization of having spent more than they had set out for. If you are stuck with a car loan that is jeopardizing your life and are desperate to be done with paying it, there are several ways you can make that happen.

The following tips highlight some effective ways to pay off your secured car loan faster and hence save on interest payments in the long run-

• The first step is to be clear about exactly how much you owe on your car loan. Known as the payoff amount of the loan, this figure is calculated taking in account the amount you have already paid, as well as the payment including interest that you still owe. Knowing exactly how much is still due on your loan can help to create a payment strategy.
• It is also advisable to be clear about the terms and conditions of your loan from the get-go and know whether repaying the loan before the scheduled period will involve an early penalty fee.
• Talk to your auto loan provider about payoff options, as some of these institutions may have some provision for waving off the penalty if the entire balance is paid in a single payment. If you can afford to make such a payment this could be the easiest way to pay off your loan without any extra penalty.
• Another way to pay off your loan quickly is by using any extra cash that you get such as a bonus at work or a cash gift towards your car loan payment.
• If you feel that you can afford to make a higher monthly payment for your car loan, this could be an option worth considering. For instance, if your current monthly payment is $200, changing it to $300 could help you to pay off the loan faster, and hence save considerably on interest.
• Another useful tip for paying off your car loan is by borrowing off other investments, such as insurance, house equity, retirement plans, etc., which typically have lower interest rates compared to car loans.

We at Greater Central Texas Federal Credit Union provide you quick and cheap car loans in Texas. For more details, you can visit us at 3305 E Elms Road, Killeen, TX 76542. You can also call us at 254-690-2274.

Buying a new car is a dream harbored by many, but when it comes to financing a car in the best possible way, not many are well-versed with the process of doing so. Car financing is a major decision, which usually has a bearing on the next few years’ finances of the buyer, which explains why it is important to carefully consider the dos and don’ts of the process before finalizing it. Contrary to common perception, it is possible to get a financially viable auto-financing deal even with a bad credit, and when shopping on a budget.

The following dos and don’ts of car financing guide you through the process, helping you to make a well-informed decision-

• Do have a clear picture of the complete price that you shall have to pay by the end of the process, including interest rates and any hidden costs.
• Do calculate your credit score using a credit calculator beforehand, so as to have a clear idea of what to expect. This can also be helpful in making amends to any flaws in your credit that can be corrected in the short-term.
• Do decide your budget and stick to it. One of the most common mistakes made by car buyers is that of walking into the car dealership without being sure of how much they intend to spend. This results in them financing a car beyond their budget, and hence ending up with monthly payments higher than they can afford, which puts them at a risk of bad credit.
• Don’t go to a buy here pay here dealer. While these dealers may seem favorable in the beginning, the usual case with them is that they do not report to the credit bureau unless you default on your loan, which means that they do not help in building your credit.
• Don’t buy a car in poor condition. No matter how small your budget, buying a car that is either too old or too problematic will simply increase your worries, with the high interest rates on such a car making it all the more difficult.

We at Greater Central Texas Federal Credit Union provide you with quick and reliable car financing. Whether you want to purchase a new car or a used one, we have solutions for all your car loan needs. For more details, visit us at 3305 E Elms Road, Killeen, TX 76542 or call us at 254-690-2274.

When making the decision of buying a car, a major consideration that needs to be made is whether to buy a new car or a used one. This becomes even more important when getting a car loan, since loan terms can differ significantly for used cars and new ones. As a buyer, it is important to understand what these differences are, so as to decide which car loan would be better suited to your preferences. The following points highlight the major differences between a used auto loan and a new one-

• Since used cars have a reduced cost, these loans tend to be smaller than those on new cars, which are obviously longer.
• The rate of interest on a used car is likely to be higher than that on its new counterpart, owing to the higher risk involved in such a car. In this way, new car loans have the advantage of having lower interest rates.
• Used car loans are generally considered to be riskier than new auto loans from the lender’s perspective. This is because these loans run the risk of the car’s value falling below the loan’s value before repayment. It is for this reason that buyer’s might be required to pay a higher down payment on a used car than on a new one.
• It is usually difficult to get a loan on a car that is more than ten years old, since such cars are very risk for the lender.
• In the long run, the cost incurred on a used car is likely to be substantially less than that on a new car. This is due to the high level of depreciation of a new car when compared to a used car in good condition.
• As far as the interest rate is concerned, while the condition of the car and whether it is new or used definitely has a bearing, a greater role is played by other more important factors, such as the borrower’s credit rating and the amount being borrowed. This explains why the rate of interest should not be a major factor when deciding whether to buy a new car or a used one.
• It is a good idea to calculate how much you shall be paying at the end of the loan period in both cases, and take into account the depreciation in the car by then, while making a choice between a new car loan and a used car loan.

To obtain quick, cheap and secured auto loans, consider Greater Central Texas Federal Credit Union only. You can visit at 3305 E Elms Road, Killeen, TX 76542 or call us at 254-690-2274.

Buying a car is a major step for any buyer, and before taking the plunge into bringing a set of wheels home, it is important to have a clear understanding of how car loans work, and what is the best option for you. The length of a car loan is a critical decision, since it bears an effect on the next few years of your life, making it important to know what you are signing up for. Car loan terms can range from as less as 1 year to as long as 6 years.

There is no one perfect term that is ideal for all buyers, since the length of the car loan depends largely on one’s monthly income, and how much they can afford to pay towards the car loan each month. The car loan term is also influenced by the condition of the car, its price, the amount of down payment the buyer is willing to pay, and several other factors. So the question is, if you are buying a used car, what is the ideal term that you should settle on for your car loan?

Let us take a look at both sides of the coin-

• Short term auto loan- A short term loan, which is usually considered to be less than three years, can be a good way to save money in the long run, since this shall mean lower interest rates, as well as a lower total payment towards interest. Another advantage of getting a short term  used car loan is that you own the asset faster than you do with a long auto loan. However, the disadvantage of such a loan is the higher monthly payments, which put you at a risk of falling behind on payments.
• Long term auto loan- Loans that last up to around 72 months are considered to be long term auto loans, and are often the preferred option among buyers who wish to have lower monthly payments, even if this means making these payments for a longer period. Even though you will end up paying more towards interest with a long term loan, it will be easier on your pocket on a monthly/ weekly basis, which is a major advantage for those with low monthly incomes.

Whichever loan term you choose to go with for your auto loan, you can always pay it off before the period, albeit with an early termination fee. In addition to this, you can also refinance your car if you come across a more favorable loan.

We, at Greater Central Texas Federal Credit Union provide low interest loans for both new and old cars. For more information, you can visit us at 3305 E. Elms Rd., Killeen, TX  76542 or call (254) 690-2274.

Everyone dreams of owning a car and being able to experience the independence that comes with it. So if you have finally decided that it’s time to make this dream come true and are all set to make the great purchase, you should take the next step after picking the right car loan. Even though almost all car loans seem similar to the layman, but when you dig deeper, you realize that there is a huge difference between car loans, and in some cases, these can add up to thousands of dollars in the long run.

The guidelines below help you with some useful tips for getting a cheap car loan-

• Credit union auto loans- The financial institution that you choose for your car loan can make the biggest difference in the amount you end up paying in the long run. Credit unions have been proved to be a lot cheaper than banks, when it comes to auto loans. So the first step to getting a cheap car loan would be to join a credit union if you aren’t already the member of one. These not-for-profit organizations function by giving back money to their members on cheaper interest rates and lower monthly payments.
• Evaluate your credit report- By using a free online service available to all US consumers, you can evaluate your credit report beforehand to be sure of what to expect and to have a clearer and more realistic perspective of what your options are.
• Decide your budget- A mistake that most buyers make is leaving the most important decision of which car to buy and how much to spend on it for the last moment. This often leads to overspending.  Hence you end up with larger monthly payments than you can afford.
• Look at the complete picture- Make sure that when you are finally negotiating an auto loan, you look beyond what’s being shown to you. At times, what might look great on paper can actually be a bad deal in the long run. Make sure that you do not end up paying more than the car’s actual worth. It is also wise to look carefully at other terms of the law, such as prepayment penalties.

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

Buying a car is one of the costliest purchases most people make in their lifetime, which is why it is important to ensure that you thoroughly understand the process of car financing before taking the plunge. Unless you are one of those rare buyers who can afford to pay the entire price of the car upfront, you will probably have to consider all the financing options before you pick one. Credit unions have emerged as a popular option for auto loans, principally because of the significantly low interest rates that they offer. Here, we shall be discussing how car financing from a typical credit union works.

1. The first step, of course, is to become a member of a credit union, if you aren’t one already. This is important because most credit unions offer auto loans only to their members. In fact, this is how they are able to function as non-profit organizations, and give back to their members in the form of low interest rates. Be sure to take a look at the type of loans offered by the credit union you are considering before becoming a member.
2. Once you have secured a membership with a credit union in your area, it is a good idea to take a look at their specific requirements for auto loans, and make sure you have all the documentation required for the loan application process. The paperwork is more or less the same as it would be at a typical bank, the only difference being that you can expect much better assistance and customer care at a credit union. It is a good idea to obtain your credit score and fix and discrepancies that might be present in your record before submitting your application.
3. With the first two essential steps of your auto financing taken care of, you now need to make the critical decision of which car you wish to buy. It is advisable to decide on the budget beforehand, so as to narrow down your choices of cars you can actually afford. You also need to decide whether you will buy a new car or a used one.
4. Finally, you need to decide on the amount of down payment that you shall be making, and the loan period that you desire, both of which shall determine your monthly payments.

We at Greater Central Texas Federal Credit Union provide you quick and cheap car financing in Texas. For more details, you can visit us at 3305 E Elms Road, Killeen, TX 76542. You can also call us at 254-690-2274.

Are you wondering how to buy the car of your dream? Getting yourself a secured car loan is your best bet. It is a loan that you can avail by surrendering collateral which you can regain once you have paid back the loan with interest. Every year thousands of people apply for a secured car loan. It is uncomplicated and has many advantages for the borrower. In most of the cases, the car itself is the security. The lender considers the car as the security against the loan. He acquires the car in case the loan is not paid. But sometimes, the lender may ask security of a higher value. In such cases any financial asset such as house, another vehicle or jewelry can be used as collateral. There are three fundamental requirements to get a secured car loan. You should have regular monthly income and you should be able to prove it using bank slip or any other document. Lenders prefer to lend loan to people who are employed somewhere than to self-employed. Also, if you live in a rented apartment you should have proof that to have lived there for at least 12 months.

One of the biggest advantages of getting a secured loan is that the interest is low and the tenure to return the loan can be longer. Since lenders have the security of the collateral the terms are flexible. The borrower can enjoy easy payment of installments, which allows the borrower to plan his or her savings. The lenders are interested in getting their monthly installments on time. As long as you are able to prove that you have a regular income you can get a secured loan regardless of which income group you fall in. Borrowers of secured loan who are asked to surrender their house as collateral often can benefit from tax-deductions. In such a case, the monthly installment is deducted from the tax that one would otherwise pay. Another advantage about secured loan is that it allows a cordial relationship between the lender and the borrower because of the security of collateral. The lenders are not skeptical about getting their installments and they sometimes can even go easy on delay in payment of installment.
 
In these tough economic times choosing secured car loan is the most hassle-free option.

Everyone dreams of owning a car that they can proudly say has been bought from their hard-earned money. But you might feel the burden on your pocket since the car prices are high and the economy hasn’t yet stabilized. However, high prices should not dissuade you from buying a car for yourself. A good knowledge about car financing can go a long way in helping you decide which car can be bought within your budget.

Read on to know what are the dos and don’ts of car financing.
Basically, car financing means getting a loan from a bank, a credit union or any other source in order to buy a car. This way you can easily buy a car that you desire. The problem of limited budget can also be resolved with car financing.

1. Firstly, one must conduct a thorough research on the amount of money that needs to be borrowed. Prior research helps in determining whether a certain dealer is levying extra charges by means of additional costs and hidden interest rates. This groundwork needs to be done properly so that you get the best car financing deal.
2. Compare and contrast the financing terms of the various auto loan options available. This comparison can be done online by making use of an auto loan calculator. Have concrete information about the current interest rates and get a number of loan options in hand so that you can take a print out and go to a dealership authoritatively.
3. Never ever cross your budget limits. Always pre-decide on how much you can easily afford and then only go in for car financing. After all, it is you who has to return the money.
4. You must have a complete look at the manufacturer’s website in order to know what all factory incentives are available. If a financing deal does not suit your budget requirements, don’t hesitate to decline the offer.
5. Credit Unions offer one of the best car loan options. You need to become a member in order to be eligible for a credit union loan. The advantage here is that these unions are owned by their members and work on a no profit basis. They offer low interest rates and better financing terms. This in turn means your loan is going to be for a shorter period.
6. There is no need to go in for financing options for add-ons, extended warranties and rust protection etc. Most of the new cars are available inclusive of all these additions.
7. Don’t get attracted only to a specific model as the dealer might offer you a high price and high interest rate. Keep 2-3 options in mind before going in for car financing.

Keeping the above points in mind will definitely help you get the best car financing deal.

Auto financing can be a hectic process if it is done without proper planning and research. It is an essential part of the loan process taken up by many banks and financial institutions. Auto financing generally refers to the financing of the car, but it may also include other auto vehicles. Thus, while you plan to finance your vehicle, you should investigate all the available options that best suit your requirement.

It is important to choose your Auto financing partner wisely. Some of the major things which you should always keep in mind before getting finance for your vehicle are mentioned below:

• Check your credit upfront before going for auto financing and take the decision wisely.
• Compare all the available options for auto loans in the market evaluating their respective competitive prices being offered.
• Check out the local bank or the credit union which may offer you with low rate of interests and are more convenient.
• You can also opt for dealer financing where the dealers of the auto companies who provide you with the auto vehicles get your loans sanctioned themselves.
• You can also examine leasing aspect according to your suitability. It can be a wise as well as a worse decision you can make, as it strictly depends upon your particular needs and requirements.
• You should always keep in mind not to stretch your budget limits and allot only that part of your income which you can spend comfortably on a monthly basis.
• Also, do not overextend your loan tenure to 8 - 10 years as it is a long time and various changes take place during this which may or may not complicate your situations.
• Ensure that you make the maximum amount of money in down payment as you don’t have to stretch or exhaust your savings afterwards.   

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.

Auto Loan in Killeen, Tx - Secured Auto Loan

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.

72 Month Auto Financing - Secured Auto Loan

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.

Auto Loan in Killeen, Tx - Secured Auto Loan

Besides a good house, a secured job, a very caring family and a number of loved ones around you, what is the thing that is still missing? The answer is a car! Most of us often tend to let go the desire of having a car because of our low budgets. But car loans have now enabled us to buy our dream car by providing solutions to extend our finances.

A car loan is itself a secured loan, in the sense that the car remains as collateral or security with the bank or the company. The provider of the loan has the full authority over the car purchased, till the time you repay the loan amount.

The secured loan, generally refers to the loan provided in lieu of an asset or collateral (for example car or house etc.), which is kept with the provider for a secure loan recovery. This kind of loan helps in negotiating a better rate of interest with the provider.

Greater Central Texas Federal Credit Union provides you with secured car loans and our qualified staff would help you in identifying the best options available. Secured car loans make the loan procedures easy and there is more probability of faster approval. These loans are available even if you do not have a good credit history and requires no down payment for the applied loan.

We provide you with flexible secured car loans to suit your financial compatibility and your pocket. Even if you do not have a regular income to secure a car loan at any place, we are here to help you with easy loans with reasonable rate of interests. Secured car loans may also help you in certain specific tax deductions as well as reduced rate of interests. Thus, we offer you with reliable and instant car loans with least documentation process.

For more details on secured auto loans and hassle free procedures, and car 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.

Auto Loan in Killeen, Tx - Cheap Auto Loan

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.

Lowest Used Car Loan - Secured Auto Loan

Credit rating is a statement showing the loans which had once been taken and their payment, as in, when they were paid. A good credit history shows the timely payment of all such loans. A credit rating statement showing bankruptcy and all late payments are considered to be a bad credit rating, forcing a dip in credit worthiness.

The first and foremost thing which is to be considered before you take a loan to buy a vehicle is your credit report. There are five things which are considered by your lenders to determine your credit worthiness. These are Payment history, outstanding debt, length of credit history, new credit applications and types of credit.

It is believed that timely or fast repayment of auto loans helps improve credit worthiness of a borrower. For anyone who wants to boost his credit history, timely payment of loan is the perfect option. Timely payment of auto loans not only helps to maintain a wonderful credit but also gives an impression that you are a person who has a track record of making timely payments across the board for all the debts.

Also when calculating your credit worthiness, the banks looks for the type of loans you had taken. A person who takes varied loans and repays them timely will have a good credit. This is because they believe that a person who can repay different types of loans has the capability and will to pay all his bills too.

If you already have taken an auto loan, you cannot go for another one if your income can not sustain it. Lending companies do give high weightage to a good credit score while approving an Auto loan. It is important that you keep your credit rating high so that you later have an ease in taking a loan against your car purchase.

If you are still paying for your car loan and the car is in a poor condition then it is suggested to sell off that car and get rid of the loan before you buy a new one.

For future perspective it is very important to have a good credit rating and worthiness so that the lenders readily give you loans whenever you are in a need.
We are an established firm in Texas and provide loans. For further details visit us at Greater Central Texas Federal Credit Union, 3305 E Elms Road, Killeen, TX 76542 or call us at 254-690-2274.

Cheap Auto Loan - Lowest Used Car Loans

A dream does not cost anything. But if you are struck up with bad credit, then it is likely that most of your dreams will be hard to realize. Bad credit affects your ability to get loans for cars, home or even business. So in times of need, you might have to borrow money or get it at very high interest rates. Such a situation can be troublesome and frustrating.

While most of the lenders do not provide loan to people with bad credit score, we here at Greater Central Texas Federal Credit Union endeavor to provide loans to the people who have bad credit you without making them toil for it. If you are someone who has been turned down over and over again due to bad credit then you have been to all the wrong places, we must say. For when it comes to bad credit loans you can never find from a better place than Greater Central Texas Federal Credit Union.

We provide you a hassle free and easy way that can help you buy your dream car. All you are expected to do is to follow a simple process. You just have to visit us or give us a call and we will let you know all the requirements that have to be met for seeking a loan. Most of the lenders who give out loans to people with bad credit charge huge interest rates, while we at Greater Central Texas Credit Union provide the same at a much reasonable rate. If you have a bad credit, you do not have to shell out high monthly installments to us.

While bad credit is usually seen as a problem case by most lenders, we believe otherwise. Our work is to help you fulfill your dreams and assist you in driving your favorite car. Our work involves hassle free money lending at no extra cost.

For all those who are tired of looking for bad credit car loans, we are just a phone call away. For more details on auto loans you can contact us at Greater Central Texas Federal Credit Union, 3305 E Elms Road, Killeen, TX 76542 or call 254-690-2274.

Cheap Auto Loan - Lowest Used Car Loan

When you are out to buy a car then it is advisable to first concentrate on the financing part and then move ahead. While it is believed that the length of the loan should be dependent on the time for which the buyer intends to keep the car, 72 month auto loans have come out to be quite popular in Texas these days. Some of the advantages of 72 month Auto Loans in Texas are:

• A 72 month auto loan means that the buyer will have to make 72 payments as loan installments to repay the loan and before he can legitimately become the owner of the car. It is advantageous as you are required to repay the loan in appropriate time which is neither too short nor too long.

• As the loan tenure is long, successful repayment helps in building up your credit worthiness.

• As the Auto loan’s monthly installment is not so high, you can buy a better vehicle of your choice even though it costs a bit more.

• There might be a change in the lending rate and the buyer just might happen to benefit from these changes.

• Also, this 72 month auto loan can be a very good option for some driver who has a fixed income, small savings and a desire to make a hefty investment for a long period of time. Such an Auto loan will be highly useful for such a buyer as it will result in small monthly incomes and will help him save some money from his income.

Many drivers are today looking for a solution to high loan rates. 72 month Auto Loans is the answer to their problems as it helps lower the monthly installment which is to be paid and lengthens the time for which this amount is paid on a monthly basis.

We are pioneers in providing Auto Loans in Texas. For further details feel; free to contact us at - Greater Central Texas Federal Credit Union 3305 E Elms Road, Killeen, TX 76542. You can also call us at 254-690-2274.

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Gone are the days when you had to hop from one dealership to another to choose a car of your choice. In the modern era; technology has come to everyone’s rescue. You can now look for a car of your choice online and book it likewise. You can also get easy Auto loans to support your purchase. But if you are willing to buy your next car, there are a few things your must be sure of, before you do so.

• Cars have a known depreciation rate. Therefore before you buy your next car, calculate if the interest you pay on your car loan is feasible for you or not. Also note that the longer time you take to pay it off, the more will the interest be.

• Before you decide or finalize the cost of your new car it will be better to calculate the trade-in value of your current car. You must be aware of the same so that you know how much to expect for it, from the dealer.

• You must research well about the interest rates on your auto loans. You might often have seen that when auto companies advertize they tell you how much you will have to pay every month. However the trick here is that, the interest rate is where most of the cost lies. It does not matter what you pay every month but infact what matters is how much you pay over the years.

• Unless your income increases, you should not take a new auto loan until the old one is paid off. However if you are someone who has a fetish for new cars then you must watch out for the sharp depreciation in cars and the interest costs associated with it.

• If you buy a new car but fail to afford it, this could be a troublesome situation. So it is highly suggested that you beforehand calculate and watch for the operating expenses, insurance, gas mileage, annual excise taxes, and other costs of ownership.

For any details regarding auto loans, contact us at Greater Central Texas Federal Credit Union at 3305 E Elms Road, Killeen, TX 76542, Phone: 254-690-2274.

Cheap Auto Loan - 72 Month Auto Financing

The purchase of a new car can be a complicated decision which requires a lot of meticulous planning. There are several things that you need to consider while buying a new vehicle, as a significant amount of monetary investment is required for such a purchase. Several questions that an average consumer is likely to face have been mentioned below:

• The first thing that you need to think about is whether you should go in for a brand new or a second hand model. This decision depends largely on the financial options available to you to finance the vehicle. If you have sources of funds at your disposal or are likely to get quickly approved for a large loan sum, you can opt for a new vehicle. However, if you are on quite a low budget and are unlikely to obtain a loan easily, it is better to stick to a used one. There are several dealerships that will be able to provide used cars in excellent condition to customers based in Texas.

• If you are taking an auto loan, the kind of car that you purchase is going to have a significant impact on the monthly premium amount that you will have to contribute towards your auto loan. If you go in for a high end car model, your monthly premium is going to be high while if a vehicle in the medium range is opted for, the monthly payment that you have to make will be a reduced one.

• If you are taking an auto loan to finance your vehicle in the state of Texas, another aspect that you need to consider is the kind of credit that you enjoy. Your credit history is thoroughly examined by the loan provider before granting or approving a vehicular loan for you. Those with a low credit rating generally have to pay high interest rates towards auto loans. So, if you have bad credit, it is advisable to wait for a while, improve your credit ratings and then apply for a car loan.

For all kinds of Auto Loans, contact us at Greater Central Texas Federal Credit Union at 3305 E Elms Road Killeen, TX 76542 or give us a ring at 254-690-2274.

Cheap Auto Loan - 72 Month Auto Financing