Generations Federal Credit Union launches first time autobuyer program

180x150-generationsGenerations Federal Credit Union has launched its My Ride Rules program which is designed to assist first-time car buyers overcome many of the financial hurdles they face as they look to purchase their first new or used vehicle. Generations is the only financial institution in San Antonio that offers a program of this type.

To qualify, first-time buyers need to provide proof of three months of employment history, be at least 18 years of age, have no previous auto loan credit, and show proof of insurance prior to funding.  Applicants do not need a two-year employment history and do not need a co-signer on the loan.

To ensure their financial success, Generations also requires applicants to complete an online First Time Auto Buyer online course that covers topics such as The Total Cost of Ownership, Financing A Car Purchase, Negotiating a Price, Avoiding Surprises, and Common Mistakes When Buying A Car. The online financial literacy course is approximately 15 minutes in length.

MyRideRules_Logo“Introducing a fixed rate monthly payment enables that first-time buyer to establish a history of monthly budgeting and paying off a loan.  It provides them with successful building blocks and, perhaps most importantly, provides them the confidence to build credit independently as they begin to go out and establish themselves in today’s challenging economic environment,” said Clay Thompson, Chief Lending Officer at Generations Federal Credit Union.

The credit union originally introduced My Ride Rules as a one-time promotion in March 2013.  However, due to the significant success of the campaign, Generations made it a permanent product.  To participate in My Ride Rules, first-time buyers cannot have derogatory history and their payments cannot exceed 20% of monthly gross income.  The loan maximum is $25,000 and the term is for 60 months, and refinance options are available for first-time auto loans with other financial institutions.

“Our goal as a credit union is to be a financial advocate for our members, to help them navigate what can sometimes be a tricky path to success.  This program provides first time buyers with the tools they need to not only get a fair deal on that first car, but also how to be successful in paying it off,” concluded Thompson.

Ancira is Updating at the SPEED OF LIGHT

Ancira_LogoAncira is updating at the SPEED OF LIGHT to make the customer experience even better.

Ancira began with the remodel of Ancira Nissan on I-10 West and Huebner and then followed with the complete ground up build of a new Ancira Volkswagen store. Shortly after was the new Ancira Chevrolet sales facility.

Ancira GMC/Buick freshened up their appearance, and at this very moment, Ancira Chevrolet has just finished the renovation of their Service Department.

Ancira Chevynew

Ancira Chrysler Jeep Dodge now has their framing up for their brand new building on I-10, very close to the new Ancira Elite luxury pre-owned store.

Ancira Chrysler

Things are only getting better. Come out and take a peek at one of Ancira’s new or improved stores. Find locations

Kahlig Auto Group Announces New Lexus Dealership


Clarence Kahlig II, Billy Vaughn Jr. and Lee Willis of the Kahlig Auto Group, a group
of ten South Texas automotive dealerships, are expanding their current lineup of new
car franchises. North Park Lexus of Dominion will open in March, 2014, on I-10 near The
Dominion. This new location is a companion dealership to North Park Lexus of San
Antonio, located on Lockhill-Selma at San Pedro. The goal of the additional location is
to increase service convenience to current Lexus customers and to expand Lexus sales
throughout the growing Hill Country community. The groundbreaking, set for
Wednesday, January 16, 2013, at 11 am, will unveil the very first resort style luxury
dealership in the region. When completed, the one-of-a-kind 72,000 square foot facility
will employ between 80 and 100 people and will offer exciting new amenities to current
and future Lexus owners.

Architects for the project are Michael McIntosh of McIntosh Architecture of Dallas,
Texas, a firm that exclusively designs automotive dealerships throughout the nation and
Mike Marsh, principle of Marsh & Associates, Inc., of Boerne, Texas, a firm that
specializes in golf club, resort, boutique hotel and spa designs worldwide.

David Christ, Lexus Southern Area General Manager, will be a guest speaker at the

Learn more, North Park Lexus