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An individual signing an auto loan application.

How To Set Yourself Up For Auto Loan Success

If you’re in the market for a new set of wheels, you’ll likely need to get an auto loan. This loan will significantly impact your monthly budget for at least a few years, so it’s important to make an informed decision when it comes to choosing your auto loan. Here’s how to select an auto loan that best suits your needs.

Make an auto loan budget

Your first step when shopping for an auto loan will be to determine how much you can afford to pay toward the loan each month. Review your current budget and calculate how much you …

Happy Couple at car dealership

Is 0% Financing The Best Rate You Can Get For An Auto Loan?

0% financing on a car loan almost sounds too good to be true. It seems like the best deal on the surface, but is it really?

The truth is, 0% financing through a dealership can actually cost more than a low APR loan through a credit union. For this reason, comparing auto loan interest rates and other loan terms before you buy is the wisest thing you can do. 

So what is a good APR for a car? How can you know you are getting the best deal? Read on to find out more about 0% financing and other more …

Why You Should Get an Auto Loan Through a Credit Union

Why Your Next Car Loan Should be From a Credit Union

If you’re in the market for a new automobile, maybe you think the easiest way to get your dream car financed is to obtain dealer financing at the time you buy the car. In a sense, that’s true – as long as you don’t mind spending more time and money than necessary just to make things “easy.”

At TEGFCU, you apply for the loan before you go shopping and get pre-approved for a specific maximum. Then you can use that pre-approval almost like cash when you go shopping. It may seem strange if you’ve never done it before, but car …


APY = Annual Percentage Yield ▪️ APR = Annual Percentage Rate ▪️ All rates and offers are subject to change without notice. ▪️ All financing is subject to approval and is based on an evaluation of credit history, so your rate may differ. ▪️ Please consult with qualified professionals to discuss your situation. ▪️ The calculators on the TEGFCU website are provided for educational purposes and results may differ based on the terms and conditions of specific products and may not apply to you.
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