Why now is such a great time to buy a vehicle

Pretty girl and her husband showing off their car keys for their brand new car

Our members are┬átelling us that this is a great time to buy a vehicle. There are many reasons that they are giving us but here are the main reasons we’ve heard.

  1. Historically low rates. Our loan rates for vehicles have never been lower than they are now.
  2. 90 days no payments. Members have the option to defer the first payment for up to 90 days.
  3. We’ve made the application process so easy. See for yourself how easy by filling out our application that should take about 1 minute to complete.
  4. Our professional lending staff get rave reviews from our members. Last quarter, they scored a net promoter score of 96.
  5. We can close most vehicle loans electronically without a trip to one of our offices.
  6. Vehicle prices are down from last year in the Houston area market. Source: Greater Houston Partnership Economy at a Glance.
  7. The Fed just raised rates and experts believe that auto loan rates will soon start trending upwards.



*APR = Annual Percentage Rate. All rates are subject to change without prior notice. Your actual rate may be higher based on your credit score and the terms of your loan. No other promotional discounts may be applied. Offer ends March 31, 2017. Additional requirements may apply. Payment Example: 60 monthly payments of $17.53 for each $1,000.00. borrowed at 1.99% APR. Deferment is NOT available on loans already financed with Gulf Coast Educators. Your rate will be based on the term of your loan and creditworthiness. Interest will continue to accrue during the deferral period and by electing to defer, the total interest charge will increase and extend the time required to pay your loan in full based on your required monthly payment. GAP insurance may not cover skipped payments.


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