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

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29. July 2023 Administrator Blog (0)


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GCTFCU Blog | Auto Loan Tips For First Time Buyers In Texas
Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

Auto Loan Tips For First Time Buyers In Texas

4. August 2011 Administrator (0)

It is not a simple task to buy a car for the first time. Most of the people seem to be confused and puzzled about where to go to get a car loan. But, it is very easy to find a loan for a first time car buyer. Given here are some easy but important tips that can help you in getting a loan and buy a new car for yourself.

  • Do not even try to lie about your monthly expenditures to give the impression that you can meet the monthly installments. It would be good if you accurately determine how much you can actually afford to borrow. This way you can modify your application according to your needs. 
  • Try to make as much down payment as you can. This will help you to reduce your monthly payments for the loan. While applying for a loan, try to convince the lender as much as possible. Simply by showing an effort to reduce the monthly payment, you can make a better impression on the lender than those who apply for the loan blindly.
  • Find out a lender that specialize in granting loan to people that do not have any credit history. You are likely to have a higher chance of success in getting a loan than when you apply in a bank or so. However, your ability to repay the loan will be assessed by these lenders also.
  • Do make sure you find out all the hidden charges in the deal. Also find out if there are any pre-closure charges levied by the lender in case you wish to pay up loan amount to lender before the agreed term.

Thus, following these sure shot tips will definitely get you a good deal on loan to buy a car for the first time. To obtain cheap auto loans in Central Texas do visit Greater Central Texas Federal Credit Union. We have amazing deals on auto loans for our customers. Call us at phone: 254-690-2274. We are situated at Killeen, TX.

Lowest Used Car Loan - Secured Auto Loan

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GCTFCU Blog | Savings Tips For Youngsters
Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

Savings Tips For Youngsters

23. July 2021 Administrator Blog (0)
Youngsters are known to be strong believers of living in the moment! However, when it comes to finances, it is advisable to encourage them to plan ahead and keep a portion of their earnings as savings. This helps in securing their future and opens up opportunities for making investments early in life.

Here are some pro-saving tips for youngsters:

  • Make A Budget: The first step towards saving is to create a budget and stick to it. The purpose of creating a budget is to be watchful of income and expenses. It helps create a limit on the amount spent and to create savings for bill payments, entertainment, etc.
  • Practice Delayed Gratification: Youngsters need to work on self-control as far as expenses are concerned in order to save. Encourage them to save for a commodity or service instead of buying it on credit.
  • Keep A Tab On Expenses: Educate youngsters on financial management through personal finance books, online mediums and financial experts. This will help them understand how daily expenses can add up into huge amounts and their impact on savings goals. It will also help to minimize recurring monthly expenses.
  • Prepare An Emergency Fund: Teach them the importance of starting an emergency fund. Irrespective of how much they earn (from pocket money, summer jobs, part time jobs, etc.), encourage them to put away a certain amount as an emergency fund. They can make use of a money market account, certificates of deposit or a high-interest savings account for doing so.
  • Adopt Frugal Habits: Set an example for them by spending wisely by limiting expenses on housing, food, transportation, shopping and entertainment. Look for cheaper options wherever possible and tell them the amount you end up saving.
  • Avoid Lifestyle Inflation: Help them avoid falling into the trap of getting the latest gadgets and devices, cars, expensive designer wear and so on. Teach them to hang onto what they have for as long as they can, provided there is no depreciation in quality and utility.
  • Open A Savings Account: Encourage them to deposit a portion of what they earn into their savings account. It instills a sense of discipline every month and lays the foundation for healthy saving habits.
It is easier to develop a habit at a younger age, so encourage youngsters to start saving. Greater Central Texas Federal Credit Union offers an array of savings accounts to assist savings. To know more about savings accounts in Killeen, visit 3305 E. Elms Rd., Killeen, TX  - 76542 or call at (254) 690 – 2274.
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