Tools and Research
Gap insurance covers the difference between what the car is worth and what you owe on the car. It comes into play if the car is stolen or totaled (damaged to the point that repair would cost more than the car is worth) while the owner is still making payments on the loan.
Is a warranty necessary? That depends on you and your situation. If an unexpected repair represents a financial challenge or if you simply prefer the peace of mind of having repair coverage on your vehicle, then an extended warranty plan is something you may want to consider. Ask us for a quote on an extended warranty and see if this coverage is right for you.
Your credit report is a record of information about your credit payment history. Private companies called credit bureaus compile credit reports. There are three primary credit bureaus in the United States:
Each of the credit bureaus gathers information about consumers from a combination of public records, such as court documents and property tax rolls, and reports provided by businesses, such as banks, finance companies, and utility companies.
Extended Service Plans
Is an Extended Service Plan necessary? That depends on you and your situation. If an unexpected repair may represent a financial challenge or if you simply prefer the peace of mind of having repair coverage on your vehicles then an extended Extended Service Plan plan is something you may want to consider. You can get a quote on an extended Extended Service Plan and judge for yourself whether such coverage is right for you.
Working With a Dealership - The Sales Process
Many car dealerships are family-owned businesses that are committed to satisfying their customers.
Car dealers are in business to make a profit, just like any other business. We hope you’ll respect the dealer’s right to make a reasonable profit. If you do, we bet the dealer will respect your right to get a fair deal
Have you ever sat on a waterbed? If you have, you’re aging yourself! If you haven't try to visualize what sitting on a bed of water would feel like. Because the inside of a waterbed bed is fluid, when you sit on one area of the bed pushing it down, a different area on the bed pops up. The fluid has to go somewhere.
A car purchase transaction is a lot like that old waterbed. There are several different variables inside the transaction: the price of the car, the value of the trade-in, type of equipment on the vehicle, the interest rate, loan term, and down payment amount, Each of these variables is fluid. When you sit on one of them, chances are that another will pop up.
When trading in your present vehicle on a new purchase, you should expect the dealer to pay you approximately the wholesale value of the vehicle, less deductions for excessive wear and tear and high mileage. In some cases, the value might be less due to poor market demand for your particular or seasonal effects. For example SUV’s and trucks command lower trade-in values when gas prices are high. On the other hand, if you own a used car that is in high demand, the value may go up.
Purchasing a new or used vehicle doesn't need to be an experience filled with anxiety or dread. It can be a pleasant, hassle free experience. Our goal is to provide the up-front financing and information you need to stack the deck in your favor.
Here are 10 tips we hope will help you negotiate a fair deal on a new vehicle
What's a Fair Price?
Contrary to what your neighbor may claim, very few customers “steal” a car from a dealership. Car Dealers remain in business because they generate profits from their sales, just like any other business In reality dealers make less money on the sale of a car, SUV or truck than most customers realize
We work with a network of local credit unions and national lenders to find you the most competitive programs in the nation. Our representatives work with you to provide as much assistance as possible. Learn More.