Almost everyone dreams of owning a high-end car but in most of the cases financial constraints doesn’t let them own one. Fortunately, there is a solution to it. If you can’t afford buying a new car, then go for a used one!
Used cars are known to give the best value for money. It is a fact that a new car depreciates faster, usually in first three or four years. After this time period, a car is worth only around 60% of its original price. So you get a chance of owning a late-model car at relatively low prices.

But while buying a used vehicle, you need to consider various factors to avoid any kind of problem later on. These factors are:

• Reliability: Buying a late-model used car is not much of a risk than the older ones. If you maintain the car, it will give a great performance with no major breakdowns.
• Warranties: Car usually faces very few problems in its early years and all the minor problems are covered by the warranty provided. But the case is completely different with a used car. It either is coming off warranty or is already off. You may have to pay for repairs from your pocket.
• Repair: The tires, brakes and battery are needed to be considered first as these are the high-wear items in the car. Inspect the car well before purchasing and make sure that the car does not need much repair.
• Depreciation: It depends on various factors such as the popularity of a model, its quality, supply etc. A car tends to depreciate in value in its early years.
• Safety: Always look for safety features such as antilock brakes, traction control, and side air bags are add on features.
• Rate of interest: If you are opting for auto loan, you may get lowest interest rates if you choose a reliable loan providing source.

Always remember that you should not look for the cheapest car. Particularly when you are buying a used car, you must go for the best deal keeping in mind the good condition, least repairs, fewer troubles etc.

To avail cheap and secured used auto loans, visit us at Greater Central Texas Federal Credit Union at 3305 E Elms Road, Killeen, TX 76542 or call us at 254-690-2274.

Lowest Used Car Loan - Cheap Auto Loan

A 72-month long auto loan is for people who do not wish to think about mileage restrictions or wear and tear damages and are willing to stick to a car for 6-7 years. Before applying for a 72-month auto loan, ensure that you have enough money to make a down payment and that you are credible to pay the monthly installments in time for the period of the loan.

Benefits of 72-month auto financing: -

• Taking a long period loan is useful as it reduces the amount of monthly installments. This helps you to buy an expensive car because you can pay the same as you would have paid for a lesser-priced car with a 24-48 month auto loan.
• It offers convenient and competitive prices for part-time workers, who do not mind driving a car till they own it completely and are in a stable financial condition to pay for a car for 6 years continuously.
• This loan is also very beneficial to people who have a low or a steady income and they are sure that paying for a car for 6 years will not be taxing on their regular finances.

Credit Unions are financial organizations formed by a group of people and managed democratically by its members. They provide credits and competitive interest prices to its members. Credit Unions are usually formed to support community development and help people of one society jointly.

Greater Central Texas Federal Credit Union offers 72-month auto financing to its members and the advantages of getting your can financed from it are numerous. To name a few are:

• Exceptional service – Being a member of the credit union will give you an exceptional service and assistance while financing your car.
• Competitive prices - It provides competitive interest rates and helps the members get the best deal possible.
• Easy Access – It helps you decide how you wish to access you policy and manage it and also provides help in the form of online applications so that you can do everything for the comfort of your home.

For more information, visit Greater Central Texas Federal Credit Union at 3305 E Elms Road, Killeen, TX 76542 or call at (254) 690 - 2274.