Hate your Rate?
Evaluating
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Car-Buying Tips
There's so much to remember when you're buying a new car.
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Borrow or Lease?
Car loans and leases. Both will allow you to get a new car with monthly payments. But each have their own distinct advantages and differences that may or may not be right for you.
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Your Present Car - Sell it Outright, or Trade it In?
Just because you're tired of your present car, or it's just plain tired, doesn't mean it doesn't still have value.
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It's 'Me' ...But is it Right for Me?
It's easy to fall in love during the car buying process, even over something as simple as a color. But many people find out, much to their dismay, that the honeymoon is over when their purchase doesn't really meet their needs after all.
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Do your Homework when Pricing that Vehicle
You can always trust a car salesman to quote you fair prices for your trade-in and the car you want to purchase... Or can you?
Financing
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How Much Car Can You Afford?
So you've made the Big Decision. No more dreaming or just thinking about it -- you're ready to go shopping.
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Loan Preapproval Preempts Shopping Stress
You walk into a car dealership, knowing you want a new car.
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The Facts of Leasing
More people these days are choosing a lease over purchasing their new car. There are benefits - the big ones being lower monthly payments, having a new car every few years, and low maintenance expenses. There are also downfalls, including mileage restrictions, confusing agreements, and the fact that you never really own your car.
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Budgeting For Your New Car
Buying and owning a new car for most people is an exciting experience.
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0% APR Auto Loan or Rebate - which one is better?
Are you confused by all of the auto offers out there? You're not alone. Deciding between a low-rate dealer loan or a rebate can be difficult. So take a look at these facts before you finance your next new vehicle.
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The Truth About Super-Low Interest Rates
Each year, car makers set their goals ever higher to sell the millions of cars they produce.
Purchasing
Insuring
COMMON QUESTIONS & ANSWERS
Where can I get basic, straightforward car-shopping advice on the web?
Look no further. Your credit union is proud to present CU Auto Online, a resource for our members when entering the car market. Basic information can be found in our 'Advice' section, with new articles being added regularly. As always, we are open to your content suggestions. Check back often, as we intend to continually grow this useful member resource.
Why get my car loan at a credit union?
At what stage of the car-buying process should I apply for my loan?
Is applying for a loan on my credit union's website safe?
Absolutely. Your credit union uses state of the art encryption technology to ensure your loan application and personal information remains secure. Upon retrieval of this information, we will handle your web-application with the same confidentiality we administer to all personal documents.
The credit union's loan rate is lower, but other financing gives me lower monthly payments. Why is that?
It could be for any number of reasons, you are probably getting a lower monthly payment because you are stretching out the term of the loan. (ie: You are making more payments over the life of the loan) Before getting sold on a lower monthly payment, compare apples to apples. There may be some serious downsides to a loan that on the surface looks unusually affordable. …And be sure to investigate the payment-lowering options at your credit union - Chances are, we have an option that will fit your budget, and won't beat you up in the long run.
What does the phrase 'upside down' mean when referring to owning a car?
A borrower is 'Upside Down' on their auto loan when they owe more than the vehicle is worth. This typically happens in the early months of a loan, especially when little or no down payment has been made. One of the key disadvantages of being upside down comes from an insurance perspective. If your vehicle is totaled, your policy may only cover the worth of the vehicle, and not necessarily the full balance of your loan.
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Why get my car loan at a credit union?
Nationally, credit unions are among the most competitive vehicle lenders. We're not-for-profit, so our focus is on member service, not the bottom line. That allows us to typically offer lower loan rates and fewer fees than the competition. We're also owned by the very members we serve, so you know you'll be treated like more than just a customer. You are an owner, and it is our goal to make you feel that way whenever we can.
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At what stage of the car-buying process should I apply for my loan?
Though you can wait until the very last minute to apply for a vehicle loan, your best bet is to visit your credit union before you even begin to shop. The application process will give you a clear idea of just how much you can afford. Armed with this knowledge, you likely won't get talked into a vehicle that's out of your price range. If you have your auto loan pre-approved, you can often save yourself a return visit to the credit union. Ask your loan officer for more information about auto loan pre-approval.
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Is applying for a loan on my credit union's website safe?
Absolutely. Your credit union uses state of the art encryption technology to ensure your loan application and personal information remains secure. Upon retrieval of this information, we will handle your web-application with the same confidentiality we administer to all personal documents.
________________________________________
The credit union's loan rate is lower, but other financing gives me lower monthly payments. Why is that?
It could be for any number of reasons, you are probably getting a lower monthly payment because you are stretching out the term of the loan. (ie: You are making more payments over the life of the loan) Before getting sold on a lower monthly payment, compare apples to apples. There may be some serious downsides to a loan that on the surface looks unusually affordable. …And be sure to investigate the payment-lowering options at your credit union - Chances are, we have an option that will fit your budget, and won't beat you up in the long run.
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What does the phrase 'upside down' mean when referring to owning a car?
A borrower is 'Upside Down' on their auto loan when they owe more than the vehicle is worth. This typically happens in the early months of a loan, especially when little or no down payment has been made. One of the key disadvantages of being upside down comes from an insurance perspective. If your vehicle is totaled, your policy may only cover the worth of the vehicle, and not necessarily the full balance of your loan.
With financing from Red River Federal Credit Union, buying a car has never been easier! We offer qualified members competitive rates and excellent terms
on both new and used vehicles.
You can receive up to 100% fixed or variable rate financing, on new or used vehicles.
If you purchased a new car recently and didn't use RRFCU financing, we may still be able to help. Compare our rates and terms with the financing you received from another lender. Chances are, our rates can save you money, and we may be able to
refinance your loan.
As with most of our loans, you always have the convenience of making applications by mail, fax, Internet or in person for pre-approval.
CURRENT LOAN RATES 
