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

Greater Central Texas Federal Credit Union has its origins dating back to 1957. We are a secure and sound credit union, based on a not-for-profit model, where all the proceedings from the credit unions go back to our members. The large number of financial opportunities and member services that we offer give us the reputation of being a highly trusted financial service provider. Here is a look at some of the key benefits that you can avail with a GCTFCU membership:

• Payroll deduction
• Direct deposit
• ATM
• Wire transfer
• Cash advance on your MasterCard and MasterCard gift cards
• Bill payments
• Online access to your account
• ACH origination
• Notary service

In addition to the aforementioned convenience services that we offer our members, you can also benefit from a wide range of savings and investment options. These are especially useful if you are planning to make a huge investment like a house or a car. As a GCTFCU member, you are entitled to open a regular share savings account, for which you need a minimum of only $25.00 to start with. You can benefit from our attractive dividend rates, which are paid on a quarterly basis.

Other popular saving options that our members can avail include Share Certificates of Deposit, IRAs, and club accounts. The SCD requires a minimum balance of $1000, and flexible terms ranging between 6 months and 36 months. The interest on these accounts is compounded quarterly. For those looking for a secured auto loan, getting a GCTFCU membership is a great idea, because we offer cheap interest rates and flexible loan terms, making it easy for you to convert your dream into a reality.

Our members are entitled to a wide range of options while getting an auto loan, which include pre-approval on the loan and refinancing. Other loans that we offer include boat loans, RV loans, home improvement loans etc. You can also enjoy low rates on our credit cards, which start from as low as 8.99% for our MasterCard Platinum. Our members are privileged to use these credit cards worldwide, without having to pay any annual fee.

You can also avail our exclusive skip-a-payment feature, which makes it easy for you to sail through a rough financial patch without having to worry about lagging behind on your loan payment. Our efforts remain to provide the best service and lending opportunities to each of our valuable members.