Auto Loans Tips, Info & FAQs
Fixed-rate loans for new and used cars
Need an auto loan? Don’t let car dealers separate you from your hard-earned money. Whether you’re financing or refinancing, we’ll get you better rates and terms.
4 Unexpected Costs of "Zero Percent Financing" for Auto Loans
Did a car dealer offer you zero percent financing? It might seem like an amazing promise. And it might also be too good to be true. Here are four things you should know about the hidden costs of zero percent financing.
1. You may not qualify
Dealers tend to tightly restrict this type of financing, and they know not everyone will be eligible. You’ll likely need a perfect or near perfect credit history to qualify, and you may need to meet other financial requirements as well.
2. The loan will probably be short-term
Most dealers will only offer zero percent financing for up to three years. This means you’ll be paying much larger payments each month than you would with a five or seven-year loan.
3. The loan might not be complete
Sometimes, zero percent financing only applies to the first part of the loan, often only the first six months. After that you’ll be faced with higher interest rates, so make sure you read the fine print.
4. You’ll likely be restricted from other discounts
Often, signing up for zero percent financing from the dealer means you won’t be eligible for other savings, including manufacturer rebates and special discount programs.
From our Blog
I am not a skilled negotiator. Do you have anything that will make my experience at the dealership less painful?
At United Texas, we are committed to being your best choice in financing your next new or used vehicle. That’s why we offer our Auto Check* service for a smoother dealership purchase.
To take advantage of it, simply apply for your loan before you go shopping. You’ll be pre-approved up to a certain limit. Then, we’ll give you a blank check that’s good for any amount up to that limit. Sign the Auto Check and drive away—no more paperwork from us! There are no hidden fees for this service, and you’ll receive the same great low rates.
With an Auto Check, there is no need to discuss financing through the dealership. Your Auto Check gives you the bargaining advantages of a cash buyer, so you can keep the conversation centered on the true invoice price. Make sure to also take advantage of any dealer and manufacturer rebates available.
*The Auto Check program is subject to certain credit criteria. Available at participating dealerships within the greater San Antonio, TX area. May be used for the purchase of new or used automobiles, trucks or SUVs. May not be used for sales between private parties or to purchase reconditioned, salvaged, or auctioned vehicles. Other restrictions may apply. Contact us for additional terms and conditions.
When is my first payment due?
You may take up to 60 days to make your first payment.
What are my options for making my auto loan payments?
We offer several convenient options for making your payment:
- Online Banking
- Online Bill Payment
- United Texas Mobile
- Bank to Bank Transfer
- In person at any United Texas Branch or Shared Branch location
- Via our 24/7 Telephone Banking (from a United Texas account)
- By phone at 1-800-531-8456 (free from a United Texas account, or $5 if the payment is made from a credit card or non-United Texas account)
- At any United Texas night depository or ATM
- By mail to United Texas Credit Union, 5500 UTSA Boulevard, San Antonio, TX 78249
Should I put any money down?
This is not always required. However, if you’re payment conscious this is a good way to lower your monthly payment.
Should I buy auto protection products?
An auto purchase is a major expense and protection products help to protect that investment, providing value to your purchase.
When do I have to add my new car to my auto insurance policy?
You should add your auto to your insurance policy prior to driving it off the lot.
Are there any penalties if I pay it off early?
There are no pre-payment penalties.
Do you offer any discounts?
We offer rate discounts with the purchase of protection products and/or automatic transfers. The most you may discount your rate is 0.50%.
Can I finance the tax, title, and other small fees the dealer charges in my loan?
We offer up to 135% financing, in most cases. Therefore, you may include dealer tax, title, and license in your purchase.
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Auto Loans Rates & Calculator
Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Auto Loan – New/Used
|2003 - 2019 Model Years||as low as 3.30% APR*||up to 48 months|
|2004 - 2019 Model Years||as low as 3.50% APR*||up to 60 months|
2009 - 2019 Model Years
|as low as 3.60% APR*||up to 66 months|
2012 - 2019 Model Years
|as low as 3.80% APR*||up to 72 months|
2015 - 2019 Model Years
|as low as 5.10% APR*||up to 84 months|
* APR = Annual Percentage Rate. Rates are effective July 8, 2019. The specific rate and term will be dependent upon your credit rating, collateral value, amount financed and other factors. Rates and terms are subject to change without prior notice; other restrictions may apply. In-house refinances are not eligible. Auto rates are eligible for protection product discounts. Discounts vary by protection product. Lowest discounted rate with the purchase of protection products is 3.30% APR (up to 48 months). Payment per $1,000 is approximately $22.27 per month for 48 months at 3.30% APR.
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Auto Loans Why United Texas
- Concierge service—we'll come to you!
- Up to 135% financing available
- No payments for the first 60 days
- $100 reward for refinancing your existing auto loan from another lender
- Ask us about Auto Check for smoother dealership purchases
The auto loan preapproval experience was awesome. I would absolutely recommend United Texas!!Kevin C., member since 2011
I worked with Jon L. to close on an auto loan that had multiple unique circumstances and the process could not have gone smoother. I would not hesitate to work with Jon and UTXCU in the future for any of my banking needs!
Hi Matt - Thank you for your five-star review of the service you received from Jon at our Redland Branch. We appreciate your choice to allow United Texas to finance your vehicle. Thanks again for the shout out and we look forward to serving you again soon! -Karla
I have been a member of this credit union for many years and through several name changes and still extremely happy with their service. I will only get my cars financed through them as they have very competitive rates and the loan officers are extremely responsive and helpful. I trust the loan officers than the car salesmen! Gordon Chin has helped me with financing several of my vehicles. He is always so helpful and gives me tips and do's and dont's while at the dealership. They care about you as a member and customer! Thank you so much for the continued support and service!!
Hi Elizabeth - Thanks so much for taking the time to let us know that you're happy with our service! We sincerely appreciate your choice to be a United Texas member and for your loyalty. We're honored to be your credit union and look forward to serving you and your family for many years to come! - Karla
Gordon Chin was a true professional at what he does. This is the easiest car loan I have ever done. From start to finish it seemed like he was holding your hand and explained everything very well! I would recommend Gordon and United Texas Credit Union to all my family and friends.
We appreciate you letting us know how easy your car loan experience was with Gordon at our Medical Center Branch. Thank you for your choice to finance your vehicle with United Texas Credit Union and for your membership. Enjoy your new ride! -Karla :)
Great experience with friendly staff. Helped me get approved for the loan I needed and helped me get a great deal on a car.
Jennifer - thank you for your five-star rating of your recent experience with United Texas Credit Union. We're happy to help, and appreciate your membership! - Karla :)
I appreciated that Maria followed-up with me after my questions about a new car. She worked diligently transferring my paperwork from my previous bank to United Texas Credit Union. Maria was very professional, knowledgeable and very helpful with all my questions.
This is the second time I've completed an auto loan with you and both times Crystal has been our representative. I truly appreciate her prompt responses and professional assistance. Both times have been an exceptional experience!
Maria is an asset to your organization. She is very professional and courteous.
Leticia - thank you for giving a shout out to Maria for the level of service you received during your recent transaction with United Texas. There are many choices when it comes to your finances, and we are so appreciative that you are a member. We're here for you when you need us again. Thank you! -Karla
Gordon is the best, professional in every way, efficient and my wife and I are so pleased with his work and help.
Thank you, Charles, for letting us know about your experience with Gordon at our Medical Center office. We appreciate your choice to do business with United Texas Credit Union and look forward to serving you again soon! - Karla
Went in to possibly refinance my vehicle from a different lender. Gordon was friendly, worked as quickly as possible to finish the paperwork, and my all-around experience was amazing.
Hi Victor - thanks for letting us know about your amazing experience with Gordon at our Medical Center Branch. We're happy to be able to help you with your vehicle refinance and we're especially glad that you're a member. Thank you for your choice to do business with us. We appreciate you! - Karla
I was very impressed with the whole refinance process and how smooth everything went since we live out of town.
Teodoso - thanks for letting us know about your recent experience. We value your trust in us and we look forward to serving you again. Thanks so much for being a United Texas member! - Karla
Being able to walk in unannounced and receive the level of service that Jorge and others provide, every single time, is remarkable. Customer service is very important to me, and UTXCU nails it. Maintain this level of service and my family will be customers for life. One by one we are moving more of our accounts to UTXCU.
Hi Cameron - thanks for your review of the service you received during your recent visit. We sincerely appreciate your membership and we look forward to serving you and your family now and in the future. We're here for you when you need us! - Karla
Absolutely wonderful experience every time I stop by the bank. Real people not phone booths! Big bank down home feeling.
Hi Scott - thanks so much for letting us know about your recent experience with us. Your feedback is greatly appreciated. We're so thankful that you're a member and we look forward to serving you and your family now and in the future. Have a fabulous holiday season! - Karla
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Auto Loans How it Works
How to get an Auto Loan
Getting an auto loan with us is fast and painless. Here are the simple steps:
Contact us in person, online, or by phone and complete a quick loan application.
Get us the information about the auto you have chosen. You can also use our Auto Check program if you’re unsure which type of vehicle you want.
Open an account if you are NOT already a member of United Texas.
Sign your loan documents with us, in person or electronically.
Pick up your newly purchased car.