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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, Comal and Tarrant counties, and have been debating whether you are financially ready for this step, you have help right here in San Antonio. And for a limited time, drive now and pay later. When you bring us your auto loan, you can take up to 90 days to make your first payment!
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.
More Options
Perhaps the best reason to go with a credit union is 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.
No Surprises
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, Comal, or Tarrant 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, Comal, and Tarrant Counties at our low credit union rates, with no impact on 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
Resources
FAQs
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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.
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When is my first payment due?
For a limited time, you may take up to 90 days to make your first payment.
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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 $7.50 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
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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.
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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.
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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.
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Are there any penalties if I pay it off early?
There are no pre-payment penalties.
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Do you offer any discounts?
We offer rate discounts with the purchase of protection products. The most you may discount your rate is 0.50%.
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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.
Next Step
Go to Next StepAuto Loans Rates & Calculator
Loan Calculator
For an accurate determination of your options, please click on the red "Apply Now" button, complete our short application, and see your pre-qualified auto loan offers, with no impact to your credit.
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
2009 - 2024 Model Years | as low as 6.19% APR* | up to 60 months |
2014 - 2024 Model Years
(minimum $20,000) |
as low as 6.19% APR* | up to 66 months |
2017 - 2024 Model Years
(minimum $25,000) |
as low as 6.49% APR* | up to 72 months |
2020 - 2024 Model Years
(minimum $35,000) (max LTV = 120%) |
as low as 6.74% APR* | up to 84 months |
*APR = Annual Percentage Rate. Rates are effective March 1, 2024. 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. The lowest discounted rate with the purchase of protection products is 6.19% APR (up to 60 months). Payment per $1,000 is approximately $19.42 per month for 60 months at 6.19% APR.
Next Step
Go To Next StepAuto Loans Why United Texas
Auto Loan
- Complete our short application and see your pre-qualified auto loan offers, with no impact on your credit
- Concierge service - we'll come to you
- No payments for the first 90 days
- Enjoy a rate discount with the purchase of our protection products
- Ask us about Auto Check for smoother dealership purchases
Testimonial
The auto loan preapproval experience was awesome. I would absolutely recommend United Texas!!
Kevin C., member since 2011
Reviews
Best rates in town on a new car loan with long terms, friendly, no pressure, responsive, bilingual, strong background. Great locations in the 1604 and I10 corridor.
Hi Jeanie - Thank you for the shout out! We appreciate your business and look forward to serving you now and in the future. Thanks for choosing us! - Karla
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 :)
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
I have requested and received several loans from UTCU and in all cases i got the best rate, the transactions were a breeze, and the loan officers respectful, professional and knowledgeable. I will do this again!
Andres - thank you for your kind words about the service you've received from United Texas CU. There are many financial services providers in the market and we sincerely appreciate your choice to do business with us. When you need us again, we'll be here for you and your family. Have a fabulous day! - Karla
I have been a member for 49 years and they have always provided superb service. They financed my very first vehicle, a new 1970 Ford Maverick back in 1969 and they are still taking care of my financial needs including the mortgage on my present house. Thank you for always being there!
Rosa - thanks so much for your feedback. We sincerely appreciate your choice to be a United Texas member and we'll continue to be here for you and your family! Have a great day! - Karla
Review Auto Loans from United Texas
Next Step
Go To Next StepAuto 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:
STEP 1
Contact us in person, online, or by phone and complete a quick loan application.
STEP 2
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.
STEP 3
Open an account if you are NOT already a member of United Texas.
STEP 4
Sign your loan documents with us, in person or electronically.
STEP 5
Pick up your newly purchased car.