Auto Loans Tips, Info & FAQs
Fixed-rate loans for new and used cars
Need an auto loan in San Antonio or elsewhere in Bexar, Kendall or Comal County? 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. Click the “Apply Now” button to see your pre-qualified San Antonio auto loan offers, offered to individuals throughout Bexar, Kendall and Comal Counties at our low credit union rates, with no impact to your credit.
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?
Our San Antonio auto loan specialists 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
|2005 - 2020 Model Years||as low as 2.59% APR*||up to 48 months|
|2005 - 2020 Model Years||as low as 2.79% APR*||up to 60 months|
2010 - 2020 Model Years
|as low as 2.89% APR*||up to 66 months|
2013 - 2020 Model Years
|as low as 3.09% APR*||up to 72 months|
2016 - 2020 Model Years
|as low as 4.39% APR*||up to 84 months|
* APR = Annual Percentage Rate. Rates are effective April 1, 2020. 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 2.59% APR (up to 48 months). Payment per $1,000 is approximately $21.95 per month for 48 months at 2.59% 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
- Enjoy a rate discount with the purchase of our protection products
- 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’ve been a member for almost 10 years. Super simple loan process and great checking/savings options. Great local credit union!
Hi Huston - Thanks so much for your five-star endorsement of United Texas Credit Union. We sincerely appreciate your loyalty and look forward to serving you and your family for many years to come! Thanks again! - Karla :)
Gordon Chin was top notch and my financing and car buying experience was a piece of cake. I’d refer anyone to United Texas Credit Union!
Hi Bryon - Thank you for taking the time to leave a review of the service you recently received from Gordon. Thanks for your choice to be a United Texas member. We'll pass along your feedback to Gordon! - Karla
I'm taking this survey based on my experience with a vehicle purchase and finance. I cannot express how grateful I am to have been able to work with Maria Beckwith during that time. Her professionalism and courteousness are beyond comparison. She went to bat for me to get me the best terms possible, even after I made the situation more challenging. I cannot thank her enough for who she is and how amazing it was working with her.
Beverley helped me refinance my new vehicle, and she was nothing short of amazing. She was kind, courteous, patient, and extremely helpful. In addition, the entire staff at this branch has shown all the same characteristics as Beverley whenever I need to tend to my financial business. For those reasons I tend to walk inside rather than using the drive thru. Keep up the great work Medical Branch, and I sincerely thank you.
Jesus is a wonderful asset to the credit union. He explained the process and managed expectations for time to complete the loan process. He developed a relationship with us for the home loan so when it came time for the auto loan we immediately considered the credit union and will continue to do so for all of our financial needs.
Maria Beckwith was fantastic to work with. She made the process easy, fast, and convenient! I would highly recommend her and United Texas CU for a car loan!
Hi Karla- Thank you for your five-star rating of the service you recently received from Maria for your car loan. We appreciate your choice to do business with United Texas. Thank you for being a member! - Karla :)
Needed a car loan. Kris took care of all this within a couple of hours. Great service. I usually work with Kris or Linda. Both great people.
Needed an auto loan fast. Gordon handled the entire process with speed and efficiency.
I have been doing business with you since the CU used to be inside of USAA. I called the credit union to see if you could provide a better interest rate than what Ancira provided. And you mostly certainly gave us a better deal.
I’ve been banking with United Texas for years. They have always been there when I needed them. I went into the branch to sign some forms and I met with Maria. She was patient, professional and very nice. Just another reason why I will never leave United Texas. Thank you for all you do for us!
Thanks so much for letting us know about your recent experience with Maria. We sincerely appreciate your many years of loyalty and we will continue to be here for you and your family whenever you need us! Thanks again for your choice to be a United Texas Credit Union member! -Karla
Service is unparalleled. Got an auto loan through them and am now switching all of my accounts over from USAA because of their service. Lisa Rakus at their Medical Center Branch is the nicest, most helpful person you will ever meet. Five stars isn’t enough.
Hi Julie - We so appreciate you taking the time to leave a review of the service you recently received from Lisa at our Medical Center Branch. Thanks for being a member and we look forward to serving you and your family for years to come! -Karla :)
Hi, I had a wonderful experience when applying for a car loan with United Texas Credit Union. Lisa, was very helpful, friendly and always kept me in the loop. My expectations were met. I would highly recommend United Texas Credit Union for business.
Hi Yolanda - Thanks for passing along your recent auto loan experience with Lisa. We appreciate your choice to do business with United Texas Credit Union and we’re here for you when you need us! Thanks again! -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. Ask about our Auto Check option 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.