The Best New Car Loan Interest Rates in Texas
You're looking for a better borrowing experience. We're here to deliver. We're the professionals who've been trusted by generations of North Texans to finance their new car, truck or SUV. Apply online, visit a branch, schedule an appointment, or request a follow up and see the difference in the service we provide.
- Rates as low as 2.39% APR1 for new autos
- Fast, easy, secure application that gives you a fast decision
- Our Auto Protection Program2 includes GAP, VSC, CVP and Payment Protection options
- Use our Car Buying Service to search for your next new or used vehicle and lock in a great price
- Name your payment with our Flex Auto loan
Benefits of Financing New Vehicles Include
As your trusted Financial Partner we offer very competitive rates.
Apply now and get your instant decision in as few as 3 minutes
New Vehicle Search
It's easy to find the car, truck or SUV you want using our online tool. And you can lock in a great price for it.
Auto Protection Program2
Protect yourself, your investment and your family with a comprehensive program tailored to your needs.
We're driving the same local streets you are, so you can be certain we'll treat you like the friend and neighbor you are.
Digital Document Delivery
Go from approved to funded all from the comfort of your own home.
General Auto Loans FAQs
We offer several options to make it as convenient as possible for you.
- If you are a CUTX member, log into online banking and make a payment with a funds transfer
- If you're not a member, use your financial institution to pay via Bill Pay
- Make a payment through Speedpay
- Call 972-263-9497 and choose option 4 for Member Services ($15 Service Fee is applied to phone payments)
- Make an automated payment through Telephone Teller: Call 972-263-9497, choose option 1
CUTX members with a qualified checking account have access to their credit score for free through online and mobile banking. Getting your score will tell you what range of interest rate you can expect. It's also important to protect against a scam some dealers use of telling people their score is too low, and they need to pay a higher interest rate. You can use our calculator to figure out what kind of auto rate you may qualify for and roughly what your monthly payment might be.
When you're pre-approved before you shop, you know exactly how large a monthly payment you qualify for. This helps you narrow your search to cars you can afford. It also puts you in a better negotiating position with dealers who might otherwise craft a deal that would create a financial problem for you. Lenders who are not dealers don’t have cars to sell, and therefore tend to make loans that aren't risky for you.
That all depends on your financial situation and how and when you want to pay off your loan. The longer your term, the lower your monthly payments will be. But when you make payments for more than about five years, you run the risk of owing more than your car is worth. That’s called being “upside down.” Then you may not be able to sell your vehicle until you finish paying off the loan. The average auto loan is 65 months. For $20,000 borrowed for a used auto over 36 months at 2.39% APR, the monthly payment is approximately $576. This example is an estimate only and assumes all payments are made on time.
You can click here and provide the declaration page provided by your insurance company that shows Credit Union of Texas listed as lienholder. Keep in mind, a copy of your insurance card is not acceptable for this documentation.
If you'd rather send us your proof of insurance by mail or fax, please use this address or number:
PO Box 690588
San Antonio, TX 78269
(This address is for providing proof of insurance only. Please do not send your loan payments to this address.)
If you have other questions, call us at 866-382-0069.
We're Here To Help
1 APR = Annual Percentage Rate. Rate shown is the lowest rate available for up to 24 months on new autos, no additional discounts apply, and is accurate as of April 8, 2020. Loans and Rates are subject to credit approval. Rates and terms are subject to change without notice. Additional terms and conditions apply
2 Guaranteed Asset Protection (GAP) can be purchased when originating or refinancing an auto loan with Credit Union of Texas (CUTX). CUTX Vehicle Service Contracts (VSC) can be added if the vehicle is under a valid manufacturer’s warranty and is financed through CUTX. Auto Protection Program offered through our third-party affiliate. Additional terms and conditions may apply.