Whether you are planning to buy a used car or a new one, you would need finances to go ahead with the purchase. In such a situation opting for an auto loan from financial institutions is one of the best choices. In Texas, we at Greater Central Texas Federal Credit Union help you in securing a low interest auto loan. Some of the reasons that make us the best source for auto loans are stated below:

• Lower Rates of Interest: The biggest benefit of taking auto loan from our credit union is that we offer the lowest interest rates as compared to other banks and financial institutions in the area. These banks and financial agencies offer lucrative discounts and bonuses to their customers to sell their products and schemes; however, we have non-sales approach and work only for our members. Thus, all profits from members are returned back to them in the form of lower interest rates on saving accounts and loans.  Our auto loan options are more flexible.
• Quick loan approvals: It is often seen that banks turn down the loan offers looking at your credit history; whereas, you are at advantage while taking loan from our credit union as we can make adjustments that commercial banks often do not make. The complexity of underwriting process and loan applications processes are similar. Greater Central Federal Credit Union offers adjusting terms to the members and makes it easier for them to avail loan facility.
• Work best in your interest: We are a non-profit organization that offers financial options to all our members. This makes us offer highly focused and satisfying customer services. We provide personalized services and this gives you an opportunity to discuss your concerns openly. According to your needs, we offer you flexible repayment options and our professionals review your financial situations. You will not feel the stress and pressure of applying for loan that you normally feel with banks and other commercial financial agencies.
• Unbiased help: Our credit union has resources to offer unbiased answers to all your queries. Whether you want to know about the loan process, or want to know how to calculate the real value of your car, we can help. We do every effort to help you take a better decision.

For more information, 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.

Having a car in the present times is very essential to commute for daily chores. With new models rolling out every month, one definitely gets tempted to buy a brand new vehicle. Brand new vehicles are quite expensive and for some it may not be a financially feasible option. For them, a used car can be the best choice.  Used cars are no different than a new one provided that they are maintained properly.  If you are feeling a need to own a car but cannot buy a new one, then used cars are the ultimate solution for you.
Getting a used car loan is very simple. There are many financial institutions like Greater Central Texas Federal Credit Union that provide Used Car Loans at amazing rates of interests. As the loan amount is generally less in comparison to other loans like business loans and home loans, the formalities involved are fewer. You can get a Used Auto Loan even if you have bad credit score.

Types of Used Car Loans

In general, there are two main types of loans- secured and unsecured.

The term ‘secured loan’ itself signifies that you have to give something as a security to obtain the required amount. Usually, you need to mortgage your house or gold or even the car itself to get a secured loan. On the other hand, the ‘unsecured loan’, does not entail any security. However, you have to give full details and documents about your residential proof, proof of employment and income.

Benefits of Used Car Loans

Low Cost
Since the used cars cost much less than the new ones, it obvious that the used car loans would also be affordable. The monthly premiums are also very nominal which means that you do not need to cut off your daily expenses to repay the loan.

Availability
It can be little tough to get a new car financed. Moreover, with the high monthly premiums, it can become very difficult for the people to pay these in addition to their daily expenses.

Chances of Approval
As the loan amount for purchasing a Used Car is quite less, people with a history of poor credit can also get Used Car Loan.

Therefore, purchasing a second hand vehicle is not such a big issue as long as you are fully informed and aware. If you are planning to get a used car loan, then certainly you can trust the Greater Central Texas Federal Credit Union. For more information about our services, contact us at 254-690-2274.

Lowest Used Car Loan - Cheap Auto Loan