Financing Your New Car: Dealerships vs. Credit Union Loans and Banks, Brownsville

Aside from a home, one of the biggest purchases you’ll ever make is buying a car. For first-timers, car-buying can be a daunting and frustrating experience. Even if you’ve done your research on the type of car you want, improved your credit score, set your budget, and poured over other financing details, you may not strike the deal you were looking for. You can even decide to finance your car with our credit union, banks Brownsville, or dealerships.

Financing with a Credit Union or Bank, Brownsville

Our local federal credit union has seen substantial growth in membership thanks in part to the services we offer and the trust we’ve earned. Our credit union:

• Offers lower interest rates compared to Brownsville banks.
• Member-first mentality when it comes to our select services.
• Less or lower fees than banks in Brownsville.

How to Get Started

In fact, the mistakes you worked to avoid often happen when the conversation turns to financial agreements. Once the salesman has you in their office, they’ll try to convince you to finance your car with the dealership. Add-ons and high-interest rates are some things you can easily avoid by taking your time and conducting research on the best auto financing options available to you.

Remember, getting a good interest rate is just as important as getting a good deal on the car you want. Check out these tips to make sure that happens:

• Calculate car payments with loan amounts to find a price that’s right for you.
• Estimate the best value for your trade-in using the Kelley Blue Book.
• Search consumer reports and other resources to find the best brands and cars in the market.
• Check your credit score and be aware of your buying power when striking a deal.

Let’s Get Started

Don’t let yourself be steered into high-interest loans, cash rebates, and dealer markups. If you have a strong credit history, you can certainly negotiate a low-interest rate and low monthly payments within your specified time frame. Consider financing an auto loan with our credit union to reap the benefits of low-interest loans.