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3 Ways to Supercharge Your Car Buying Savings

3 Ways to Supercharge Your Car Buying Savings

Are you missing out on one of the best deals in car buying? With many people opting to stay safe at home to social distance, many rental company vehicles have been stationary. Why is this important? Many companies are looking to make fast cash deals with unused inventory. If you decide to buy a rental vehicle, there are a few things you should do to ensure you’re buying a good vehicle. RESEARCH Did you know that you could save up to 15% more when you purchase a rental vehicle?* While you will save a significant amount by buying a rental car, you should still look at price ranges to ensure you’re still getting a great deal. We also recommend researching and checking out the car as you would if you were buying it new. Be sure to consider which vehicle you believe to be the best fit for your lifestyle and determine your budget from there. Remember, you will need to take extra precautions when purchasing a car used from such a company — even if you’re considering a certified vehicle. We also recommend checking for any vehicle recalls. If there is, take the extra step to cross-reference the recall with a vehicle history report — rental car companies have been required to fix these issues for at least the past four years. CONDUCT A PRIVATE INSPECTION Many rental car companies have a lengthy trial period. Use this time to your benefit and conduct an independent vehicle inspection before you buy it. Even certified vehicles should be inspected to ensure that your vehicle is safe and that you make...
Congratulations, Alicia!

Congratulations, Alicia!

  We would like to congratulate Alicia Quevedo, our Senior Vice President and Chief Membership Officer, for being named the Professional of the Year by the...
Check Yourself Before You Rec (Loan) Yourself

Check Yourself Before You Rec (Loan) Yourself

It is fair to say that summer 2020 is shaping up to be…unconventional. We all want to have as much fun as possible, but we also want to stay as safe as possible. It may seem as though your summer fun is quickly becoming summer none, but a solution is in reach. Enter: a recreational vehicle. Whether it be a boat, an RV, or even an ATV, summer excitement is just on the horizon. With these extremely cool, yet different options, it may be hard to decide which one is right for you and your family. Do you want to take to the road, the water, or forested trails? You’ve come to the right place. We can help you prepare for this thrilling (but important) decision. RVs For many people, the thought of an RV vacation conjures images of your in-laws, asking if they can link up to your power supply. However, maybe your in-laws are on to something when it comes to money-saving, yet wholly enjoyable vacations. Picture this: you and your family are on the open road. Your destination is ahead of you. Your children laugh as they play a card game at the table behind you. Best of all, you don’t have to stop for bathroom breaks. A recent study found that RV vacations cost much less than other travel, even when factoring in fuel prices and RV ownership cost. According to the study, there are cost savings of 21-64 percent for a four-person travel party, while a two-person travel party saves 8-53 percent. That’s some serious cash. You can spend that money on food, experiences,...
Is Pet Adoption for You?

Is Pet Adoption for You?

You finally decided to bring home a furry friend. You’ve done your research, you’ve figured out what type of pet you want, and you’re ready to sign on the dotted line. But, have you thought about the ongoing cost(s) associated with getting a pet? There are two main areas regarding costs to consider when it comes to owning a pet. There are initial costs (adoption fees/breeder fees, first vaccinations, training, etc.) and the general costs over your pet’s lifetime (food, toys, routine vet visits, grooming, etc.). Of course, there are a dozen other ways pets can be expensive, so it’s a good idea to prepare for several different types of costs. Adoption fees vs. Breeder fees One of the first expenses pet owners experience is adoption fees or purchase price. Typically, adoption fees are going to be less expensive than breeder fees. Most shelters and rescue organizations will provide medical care, vaccinations, and maybe even spaying or neutering animals. If you decide to go the shelter route, it’s essential to ask the volunteers what services your adoption fees include. Did you know that according to the ASPCA, about 6.5 million companion animals enter U.S. shelters nationwide each year? Of those 6.5 million animals, only about 3.2 million shelter animals are adopted each year. So, if you’re thinking about adoption, you could be saving a life! It’s also a good idea to find out what the adoption process looks like. It could be different depending on the shelter or rescue organization you choose, but usually, the basics are the same. Once you select your fur-ever friend, you’ll have to fill...
Is Now the Right Time to Buy a Car?

Is Now the Right Time to Buy a Car?

Have you been considering purchasing a vehicle? Now could be the right time for you to buy. According to US News, March car sales were off by almost 40 percent compared to the same month in 2019. What does this mean for you? Due to declining sales, dealerships are highly motivated to sell vehicles but you may not necessarily get the deal that is best for you. Our goal is to encourage you to do your due diligence and buy a vehicle that’s best for your lifestyle and budget. To help you make a smart decision, we’re providing a few tips to ensure you’re well-informed. Know you have choices Due to dealerships looking to make up for lost sales, they’re offering flashy, headline-making deals. However, once you take a look under the hood, the deals aren’t as great as they seem. For instance, a cash rebate will be a better deal than 0 percent interest when paired with a low-interest loan as it can lower your monthly payment. Therefore, you can take the rebate and finance with Power Financial Credit Union for your best deal. If the dealership requires you to use their financing, you can finance with the rebate and then refinance your auto loan with us. We will work with you to ensure you receive the best deal on your vehicle. TransUnion reports that car buyers who refinanced their auto loan, lowered their rate by over 2 percent!* Consider your warranty options When you’re buying a vehicle, whether new or used, dealers will try to sell you or automatically include add-ins like warranties to your loan. When buying...