Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

Dos And Don’ts For Buying A New Car

29. November 2012 Administrator (0)

The thought of buying a new car can be very enticing, especially if it’s your first car. But before buying a car, you must bear certain important factors in mind. You cannot just go ahead and buy a car instantly. The car you ultimately go in for has to fit within your budget and suit your tastes. Read on to know certain dos and don’ts that you must be aware of before buying a car for yourself. At the end of the day, it is your hard-earned money that you are going to invest, so you have to make sure that it is spent in the best way.

  • Firstly, you must research about the various options available in the market. You should have knowledge about the accessories as well, since they can add up to a significant cost in the end. This research will help you get the best possible price for your car.
  • Do not go in for a luxury car if your budget does not allow you to do so. You should try not to get a loan spanning more than four years. Also, you must keep your monthly payment less than 10 percent of your income.
  •  Remember to keep in mind the fuel costs and maintenance charges. Only if you can afford these, you should go in for a particular car that you desire.
  • Get in touch with your insurance agent to get an idea on the interest rates beforehand.
  • Do a thorough research on the auto loan options online and compare financing terms using an auto loan calculator. Take a print out and carry these documents whenever you make a visit to the car dealer.
  • Also make sure to check your credit rating in advance. This will help you deal better later on. 
  • Don’t fall flat for a vehicle while ignoring other options. Look for various models and then only choose the one that fits your bill.
  • You should also know the incentives being offered by the car dealer. Therefore, researching on the Internet beforehand about these things can help you prepare in a better manner before you go out to buy a car.

These are some of the simple dos and don’ts which if kept in mind can definitely help you grab a better car deal that is light on your pocket and good for your taste! Make sure you take care of these things whenever you think of buying a new car and you will definitely be better prepared.

GCTFCU Blog | Services Offered By A Credit Union
Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

Services Offered By A Credit Union

19. March 2021 Administrator Blog (0)

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GCTFCU Blog | Reasons To Get A Loan From A Credit Union
Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

Reasons To Get A Loan From A Credit Union

20. August 2017 Administrator (0)
A credit union is a financial co-operative that provides loans at competitive rates. The non-profit lending organization works for the benefit of its members. All you need to do is sign up for the membership of the credit union in order to gain all the benefits. Below is a list of certain reasons why you should get a loan from a credit union:

  • Competitive rates of interest: A credit union offers loans at viable rates of interest that makes it easier for the members to get one. Even the loan terms are favorable due to which they can repay the loan along with the specified interest rates at a very comfortable pace.
  • No hidden charges: Credit unions have a small upfront fee when it comes to lending formalities. Apart from this, there are no hidden charges, security deposits or penalties that you are required to make. Not only this, even the paperwork for a loan is not a lengthy process and can be completed within no time. This makes the overall loan process faster and is beneficial for the borrower.
  • Hassle-free membership requirements: It is easy to become a member of a credit union. Whether you are working in a certain company, business or government organization; you can apply for the membership of a credit union. After becoming a member, you get to enjoy all the advantages associated with the membership of the credit union.
  • Works for the benefit of members: Credit union is member and community-oriented. It is formed to provide loan benefits to the members. Even if you default on a loan payment, a credit union is likely to stand with you and offer other possible options.
  • Reasons To Get A Loan From A Credit Union: Nowadays, credit unions offer user-friendly loan options wherein borrowers can simply go online and apply or call over the phone to discuss the details and formalities. This saves the time of actually visiting the credit union premises and talking face-to-face with the loan officer.
  • Additional bonus for members: The members of credit union can get additional bonus offers which are not open for general consumers. The unique perks are promoted by credit unions and this helps in providing extra benefits for those who are a part of the credit union. This is another important reason why you should become a member and get a loan from the credit union.
We, at Greater Central Texas Federal Credit Union, offer affordable loans to our members in Killeen, TX. To know more about the interest rates, you can call us at (254) 690 – 2274.

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