Auto Loans Tips, Info & FAQs
Fixed-rate loans for new and used cars
We all know that automobile ownership is an important personal step. Whether needed for an easier commute to work, specialized for a business, or simply for freedom and recreation, it may be time for an auto loan. If you are in Bexar, Kendall, and Comal counties, and have been debating whether you are financially ready for this step, you have help right here in San Antonio.
Why a Credit Union?
Let’s get to the important question: why go to a credit union over a car dealership for an auto loan? Here are some important points to consider:
Lower Interest Rates
Our mission is to provide you with the lowest rates; it’s just what we do. We have the means to help you find the lowest possible interest rates and the best type of loan that can fit your budget and financial needs.
Perhaps the best reason to go with a credit union are the extra options. Whether you need financing or refinancing, we have the resources to help. We offer personal service to ensure you get the best advice and loan you can.
Some dealerships may offer a “too-good-to-be-true” loan option. They will advertise it as zero percent financing with no mention of hidden costs. After committing to the loan, however, there are a plethora of hidden fees and expenses. At United Texas Credit Union, we give the whole story: no surprises, no hidden fees. That is our promise.
Come to United Texas Credit Union for the best rates for you.
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 2.49% APR*||up to 48 months|
|2005 - 2020 Model Years||as low as 2.69% APR*||up to 60 months|
2010 - 2020 Model Years
|as low as 2.79% APR*||up to 66 months|
2013 - 2020 Model Years
|as low as 2.89% 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 May 19, 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 2.49% APR (up to 48 months). Payment per $1,000 is approximately $21.91 per month for 48 months at 2.49% 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
We have been members for thirty plus years. Every time we have used the credit union they have made us feel like valuable customers not just another account number. Through our many car loans and opening new accounts for our sons we have had great customer service and we will continue to be members for life.
Hi Jacob - Thanks for letting us know about your experience over your 30 years of membership! We sincerely appreciate your loyalty and look forward to serving you and your family now and in the future! -Karla :)
Excellent service and easy to use. This is the second car that i have financed through the credit union and i'm sure it won't be the last!
Hi Diana - Thank you for your review of your recent experience with United Texas Credit Union. We appreciate your choice to do business with us and we'll be here for you the next time you need us! Thanks again for the shout-out, Diana! - Karla :)
Gordon was great! I would give 10 stars if I could. He gave us lots of advice which helped us maximize our car’s trade in value. I can’t say enough about his customer service and his attitude. I would definitely recommend him and the entire United Texas staff.
Hi Tony - Thanks for letting us know about your recent experience with Gordon. There are many choices when it comes to financial services providers, and we sincerely appreciate your loyalty and your membership. Thanks again and enjoy your new ride! -Karla :)
I have been a member of the credit union for 4 years now. I just closed on my 3rd vehicle loan with an APR that was unmatched by any competitor credit unions. My Loan Officer, Gordon Chin, was very knowledgeable and was there with me as I shopped around. The dedication of every member of my loan was exceptional. Thank you, Gordon and the whole team that assisted me.
Hi Sam - Thanks so much for letting know about your recent experience with Gordon and the rest of the team at United Texas. We appreciate your choice to be a member and we’re here for you when you need us! Thanks again and enjoy your new ride! - Karla :)
United Texas Credit Union, specifically, Beverley Vidaurri from financial services did an amazing job, she is such a gem! She helped my fiancé and I refinance our car for a great interest rate. She is very nice, answered all our questions, explained everything thoroughly, and went above and beyond. Beverley made the loan application process easier in all! I definitely recommend coming to United Texas Credit Union if you are looking to refinance your car.
Hi Andria - Thanks for letting us know about your recent experience with Beverley at our Medical Center Branch. We sincerely appreciate your feedback, and your choice to be a United Texas Credit Union member! We're here for you when you need us again! -Karla :)
Gordon did a great job handling the transaction for my auto loan including the additional documents needed due to the name change necessary on the title transfer. Everything went very smoothly and the communication of the process was great.
Hi Pat - Thanks for letting us know about the five-star experience you received from Gordon on your auto loan transaction. We sincerely appreciate your choice to be a United Texas member! -Karla :)
My wife and I decided to refinance our automobile with United Texas Credit Union and it was the best choice we made. We worked with Gordon and he provided one of the best experiences I have ever had dealing with Bankers. We had a great experience and my wife and I look forward to doing more business with United Texas Credit Union.
Hi Eddie - Thanks so much for your choice to refinance your vehicle with Gordon at our Headquarters Branch. We appreciate you and we're here for you when you need us! -Karla :)
Gordon Chin was our loan officer for our new vehicle and he was amazing! My wife and I couldn't be happier with how the process went and all the advice he gave us while going through the steps dealing with the dealership. We will definitely be keeping his contact info should something else come up that we may need assistance with. Triple thumbs up! Thanks again Gordon!!!
Hi Ryan - Thank you for letting us know about your recent experience with Gordon at our Headquarters Branch. We appreciate your feedback and we're ready to serve you the next time you have a need! Enjoy your new ride! -Karla :)
I have done multiple auto loans over the last 14 years with the Credit Union and it has always been quick, simple, easy and the lowest rate you can find.
Hi Dan - Thank you for your loyalty to United Texas and for letting us know about your experience with us over the years! We appreciate you and look forward to serving you for many years to come! -Karla :)
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.
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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.