A 72 month auto financing provides a large number of benefits that helps many borrowers in qualifying for a car they might not otherwise be able to afford.

It is well known that though a car is a major purchase, it will not last for a lifetime. Even those individuals who buy a brand new car will only retain it for approximately 7 to 10 years. Considering this fact, it makes sense that you aim to settle your car loan by choosing 72 month auto financing only. While most of the loaners provide a 5 year term on an auto loan, a 72 month auto financing may be a more suitable choice for you. 

The prominent benefit of a 72 month auto financing is that the monthly payments are cut down. This is because you are using up more time to pay for your car. Doing it in this manner permits you to perhaps purchase a more costly car since the payments will be a bit more reasonable. You can also go for 72 month auto financing when you simply require a car, but are not in a good financial position at the moment and presume to be a little better off later. You can decrease your payments in the meantime, and then as you progress, perhaps you would be able to pay off much faster. 

Another advantage of a 72 month auto financing is that you can refinance your loan after a couple of years. Since longer loans amplify the interest, you can refinance in a few years to lessen the time, and more significantly, lessen the APR interest rate. 

As it pertains to financing the purchase of your car, you should by all odds consider the benefits of a 72 month auto financing. Those individuals who take advantage of a 72 month auto financing will not be locked into a loan with repayments that they believed they could cope with. A lot of auto credit borrowers go with unrealistic repayment terms that are unmanageable after some time. With the 72 month auto financing, you will observe that your financing will not encroach on your enjoyment of your transport.

If you want to procure 72 month auto loan comfortably and quickly, go for Greater Central Texas Federal Credit Union only. We can be contacted at 254-690-2274.

72 Month Auto Financing - Cheap Auto Loan

For most people the first step when they decide to get a new car is to get a secured auto loan. Financing the purchase through a lending institution can help you tackle what can otherwise be a huge expense and hassle. To avoid paying a hefty periodic interest rate you should consider financing the vehicle from a credit union instead of a bank, as it is more cost effective and pro community. The benefits of a secured loan greatly outnumber those of an unsecured loan.

• The interest rates are much lesser in case of a secured loan as you put up an asset as collateral. It is an affordable scheme you should be confident to repay the loan. The nominal interest rates make the repayment convenient.
• It is easier to get a secured loan sanctioned as the lending institution does not hesitate to sign it with collateral in hand. On many occasions, getting the loan sanctioned is the biggest obstacle and you wind up having to wait for months to make sure that it is approved. Credit Unions are also very lenient in case of people who opt for a secured loan. You can borrow a favorable amount when you put up a property as collateral as there is no limit to the amount of money the credit unions are willing to lend.
• Apart from all this the repayment period is also flexible and you can pay the loan back over a longer duration of time. This means less pressure, less monthly installments and more peace of mind for you. Even the interest rates are not fixed for secured borrowers. As long as you have a decent flow of monthly income, some property to show and a decent credit history, you should take advantage of the above mentioned benefits offered by secured loans.
• A credit union is the most suitable place to get a loan from. Not only are the interest rates lower but the level of service is also top notch and backed by friendly staff members. Apart from borrowing money you can also get all other financial and banking needs catered to at credit unions.

We at the Greater Central Texas Federal Credit Union can help you with your secured loan and clear any doubts that you may have. You can call us at (254) 690 – 227.

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