Texas Bay Credit Union Logo

Call now 713.852.6700

Routing: 313082935

Save Easy Auto Loan.

Save Easy Auto Loan

Enjoy Your New Ride with Lower Payments

Get more for less with a SaveEasy Auto Loan.  Experiencing “sticker shock” while shopping for a new or pre-owned vehicle?  Are you lowering your standards to get the vehicle payment you can afford instead of the vehicle you want?  Are you financing your vehicle for longer loan terms than you prefer just to get a low payment?  If you answered “Yes” to any of these questions, Texas Bay Credit Union has a solution for you!

A SaveEasy Auto Loan can put you behind the wheel of that new or pre-owned vehicle you want, with a monthly payment you can afford.  Similar to a lease, the program offers monthly payments considerably lower than conventional financing.  Yet, unlike a lease, the vehicle is titled in your name – you own the vehicle without all the hassle or hidden costs associated with leasing.

With a SaveEasy Auto Loan, transportation is affordable again!  Discover the advantages:

  • LOW Payments
  • $0 Down
  • You Own It
  • Better Mileage Options
  • Up to Five Model Years Old are Eligible
  • And Much More!

Find out how low your SaveEasy Auto Loan payment could be with the SaveEasy Calculator.

Apply Now

How It Works

With a SaveEasy Auto Loan, your periodic payments will be lower than a traditional auto loan since the last loan payment will be estimated residual value of the vehicle.  At the end of the loan, your last payment will be the remaining balance of the loan.  When your last payment is due, you may choose to pay off the loan, sell or trade the vehicle to pay off the balance, or refinance*.

Your SaveEasy Auto Loan payment is calculated based on the loan term, the amount you have requested, and the residual value of the vehicle. The residual is the expected value of your vehicle at the end of your loan term.

The difference between your loan amount requested and the residual value is amortized over the loan term, resulting in a low monthly payment without the danger of your becoming upside-down in the loan.  Use the SaveEasy Auto Loan Calculator to build your dream vehicle and compare the low SaveEasy Auto Loan payments to what you would pay on a conventional loan.

The residual value of the vehicle after the loan term is an estimation. We cannot guarantee this value.  The residual value is subject to current used car market conditions and depends on a number of factors including, but not limited to, the mileage the car has been driven and the condition of the car at the end of the loan term.

*Refinancing subject to credit criteria at the time of application to refinance.

Apply Now

 

Protection Products

Since your SaveEasy Auto Loan vehicle will be titled in your name, you have the opportunity to protect your dream car with competitively-priced loan products offered by Texas Bay Credit Union.

Mechanical Breakdown Protection
Get the auto protection you need that extends beyond the manufacturer’s factory warranty and covers repairs of unexpected mechanical breakdowns. For the period of time the contract is in effect, you are assured that covered components of your vehicle will be repaired in the event of failure, including labor, subject to any applicable deductible.  Learn more and get a fast quote!

Guaranteed Auto Protection (GAP)
Guaranteed Auto Protection (GAP) is Loan Deficiency protection designed to eliminate your unpaid net loan/lease balance in the event your vehicle is stolen or damaged beyond repair.

Auto Insurance
Texas Bay Insurance Group offers competitively-priced vehicle insurance that fits your budget with a wide range of coverages.  When you apply for a SaveEasy Auto Loan, let us make those insurance decisions for you with a complimentary policy review.  Contact our Insurance Agent, Lorrie Freeman, for a fast quote.

Apply Now

ADA Compliance This site is reviewed to achieve a generally acceptable “reasonable” level of ADA compliance.