72-month auto loans are becoming highly popular among people looking for long-term loans with lower monthly payments. While these loans are not dragged as long as the 120-month loans, they make it easier to get on the road faster without breaking the bank. If you are considering getting 72 month auto financing in Texas, here is a look at some of the major benefits that you can expect from such a loan:

• The biggest advantage of a 72-month auto loan is that it is associated with lower monthly payments. This is beneficial for those with a steady income but small savings, as it can help you to keep car payments low enough to keep your household budget intact.
• Smaller payments mean more control over the loan, which leads to lower chances of repossession. The car can help you generate income over the loan period, hence buying you time as a borrower.
• If you eventually consider refinancing the car, you can benefit from the changes in the US prime lending rate when you do so.
• A 72-month car loan is ideal if you intend to make just one major investment over a long period of time, and would like to be able to navigate the road ahead, knowing what you can expect. It is also important for you to be sure that you will not need to trade in the car for the next 1-2 years, and that the monthly payments fit well within your budget.
• Such a loan gives you the chance of buying a car that you might not have been able to afford with a shorter term loan. For instance, if you have $350 to spend towards car payments each month, you can borrow $21400 on a 72-month loan, as opposed to only about $15000 for 48 months.

The Greater Central Texas Federal Credit Union provides 72-month auto loans for new cars in all major locations across Central Texas. Our competitive interest rates, flexible terms, quick approval process, and friendly services make it simple for you to avail this cheap auto loan. Established in 1957, we have gone on to become one of the most trusted credit unions in Texas, with a reputation of offering the lowest interest rates, and most reliable services in the region. Our 72-month auto financing option gives you the chance of driving your dream car without depleting your savings.

Looking for the right financing option while buying a new or used car can be a daunting process, especially with dealerships doing all that’s in their might to make their financing programs sound highly attractive. However, if you are looking for a cheap auto loan, it is highly advisable to get started at your local credit union, where there are high chances of getting the best auto loan rates. The Greater Central Texas Federal Credit Union serves multiple locations across Central Texas, and can help you to get the lowest used car loan, as well as attractive rates on new cars. We have been serving Central Texas since our establishment in 1957, and ensure that we provide the best deals to our customers.

Below is a list of the top reasons to get a car loan from a credit union:

• Credit unions are more likely than a commercial bank to consider personal financial issues such as a mediocre credit or previous credit issues. Even though credit unions essentially follow the same process for a loan application and approval, they offer a greater degree of flexibility, making them more customer-friendly.
• The interest rates at a credit union are typically much lower than those at other financial institutions, which equates to substantial long-term savings for the borrower.
• Being non-profit organizations, credit unions are member-oriented, which is why they offer a high degree of personalized attention, providing members with the best possible customer service. Since a group of volunteer board members is responsible for making all operation decisions, the members of the credit union have a greater say in how the credit union works.
• Credit unions provide their members with useful educational resources that can help them to make the right financial decisions when assessing the value of their car purchase. Credit unions help you to look beyond the dealership value of the car, into a clear assessment of the car’s real value.
• Credit unions follow a non-sales approach, contrary to commercial banks which grant bonuses and compensations to employees for loans that get approved. On the other hand, all the proceedings gained from credit unions are returned to the members in the form of lower rates and flexible loan options.

To learn more about the membership requirements, and used/ new car loans at Greater Central Texas Federal Credit Union, contact us at (254) 690 - 2274.