Buying a car is one of the major expenses that people indulge in and it is extremely important that all the options should be considered carefully before taking a decision. In order to help you out with the search as well as to reduce your overall expenses given here are some useful tips that can be of great help in deciding your auto loan.

• Determine your budget: The first and foremost step is to clearly establish what you can actually afford and finalize your budget. This will help you determine which vehicle you can buy, either new or used, and clarity about your financing options. To make this decision you would need to calculate all your monthly expenses and then conclude if you will be able to afford buying a car.
• Evaluate the cost of the car: Once you have set aside the expenditure plan you should check for your options in that budget. You can look through the internet or visit a local dealer for this however, make sure that you do not exceed your predefined budget.
• Check your credit score: You must also check your credit rating in order to be assured that your loan application will be approved. You can consult a credit union to avail auto loans at lower interest ratesthan banks.
• Do proper research: Do not decide on an option before comparing and researching several loan rates. Interest rates depend on a number of factors such as car make and model, your credit rating, the loan term, your financial status etc. Discuss with your agent about all the issues that come up in your mind and have all your questions answered. 
• Focus on the loan amount: Your agent may ask you to lower the monthly repayment amount to make it easier on your pocket. Even though it may help you to save a few hundred dollars per month but it will add up to the interest rates. Thus, you should focus on lowering the loan amount instead of monthly payment.
• Consider other finance options: If you are unemployed or not financially stable, auto loan might not be suitable for you. Instead, consider going for secured loans that offer more flexibility and ease in repayment options.

If you are looking for car financing options in Killeen, TX, visit Greater Central Texas Federal Credit Union. We offer quick and convenient auto loans at competitive interest rates. For more information, feel free to call us at (254) 690 – 2274. You can also visit our office at 3305 E Elms Road, Killeen, TX 76542.

Shopping for new or used car loans from credit unions is a great idea to get a cheap auto loan, as these financial institutions offer attractive loan terms and significantly lower interest rates than banks. The Established in 1957, Greater Central Texas Federal Credit Union is one of the 7700 credit unions across America, which has been serving people across Central Texas to procure low interest loans. Here are some of the top reasons that make getting a credit union car loan a great idea:

• Greater flexibility: When you walk into our credit union, you are not just another number, but are a valuable member whom we shall make every effort to help. You are much more likely to have your case heard out and considered at our credit union than at a bank. This could mean getting approved for a car loan even if you do not fulfill all the requirements of such a loan. 
• Lower interest rates: This is probably the major reason why a vast majority of people looking for an auto loan in Killeen, TX and other cities across America opt for credit union auto loans. While the interest rates for bank auto loans average at around 4%, those at credit unions are as low as 2%, amounting to a significant saving over the life of the loan.
• Non-profit approach: Our credit union follows a “for the members” and “by the members” approach. All the proceedings gained through interest are put back into the credit union for the benefit of its members. This is usually in the form of low interest rates, savings accounts, and increased flexibility in loan terms.
• Financial education and resources: The Greater Central Texas Federal Credit Union has a dedicated resource center for its members, where you can get valuable advice regarding your loan, repayment options, your financial situation, the real value of the car being considered, saving options, etc. At our credit union, you can always be sure of the lenders working in your best interest.
• Personalized service: You can be sure of getting the best customer service at our credit union, with a group of board members volunteering to make decisions regarding operation. This gives you a chance to openly discuss any issues you might be facing with your loan before or during the loan term, being sure of getting helped with the best solution for your problem.

For more information, visit us at 3305 E. Elms Rd., Killeen, TX  76542 or call (254) 690-2274.