It’s likely that new and used car sales this year could exceed the huge numbers from 2013. When analysts see the average age of vehicles on the roads today is 11.3 years, it’s a clear indication that the demand will continue. Older, higher mileage automobiles are expensive to maintain and often when mechanical problems occur, the repair cost can exceed the value of the vehicle.
If you’re in the market for a new or used vehicle, it’s probable that a loan will be necessary. Experian Automotive research found that a record 84.5 percent of consumers who acquired a new vehicle obtained either a loan or lease to fund the purchase. That percentage is up from 82.5 percent in 2012.
Using the Auto Prices page on our website will assist you with research on new or used autos. New vehicle prices include the MSRP (manufacturer’s suggested retail price) or, as we call it, the sticker price. The dealer invoice is included as well. When applicable, any rebates or incentives are also available.
Used prices will give you the retail value based on condition and the trade-in value. Remember, these prices are based on averages and your vehicle could be worth more or less.
With a credit union pre-approved loan, you will be investing locally in a business where you’re a part-owner, not from other financial institutions with no interest in the community. The finance manager at the dealership will attempt to convince you to finance your purchase with one of their lenders. Simply say NO that you are pre-approved with your credit union. The dealer will also offer credit-life, accident and health insurance, extended warranties, and GAP insurance. Jot down the prices on the products offered and return to the credit union. The savings from the credit union on these products will be enormous.
We look forward to serving your financial needs. To get started, click below to download our loan application:
Central Valley Federal Credit Union to partner
with Advantage Credit Counseling Service.
As a nonprofit organization, the agency provides professional, meaningful and confidential consumer education and budget/credit counseling and develops effective debt reduction programs for all segments of the community that we serve. The Agency educates consumers about wise money management and the responsible use of credit.
With college costs growing fast, it's time to borrow smarter. The Smart Option Student Loan® offers three repayment options and competitive interest rates to help you pay for college expenses not covered by scholarships and federal loans. For information click here:
The credit union is adding a new service that will provide members an opportunity to purchase Sprint at a discounted price. This service is only available to credit union members at the special pricing.
Details of our new Sprint Credit Union Member Discount Plan can be found by clicking on the Love my Credit Union.com logo. Information is also available at the credit union office.
The AUTO PRICES page on the site provides you with new and used car prices, customer and dealer rebates on new vehicles and much more. We encourage you to utilize the contents on the AUTOPRICES page prior to visiting a dealer. Remember, a smart customer is an educated customer.
And, before you visit the dealer, a smart and educated move is to VISIT US AND HAVE YOUR LOAN PRE-APPROVED.
IT IS TRUE THAT CREDIT UNIONS
ARE DIFFERENT FROM BANKS
“The advantages of credit unions are many, while the downsides are few.” Wrote spot55.com on their members website.
AARP reported that over 400,000 people moved their accounts from banks to enjoy the benefits of credit unions in October and November 2011 alone.
Should you ask members or consumer advocates about the advantages of credit unions, you’ll hear a long list of pros, and few, cons. Even bank insiders, if they are honest, will express the benefits of credit unions.
Here are just two of the many benefits:
·Credit unions are not “fee junkies.” The benefits of credit unions include low fees. The credit union industry saved its members over $6 billion in fees in 2011 compared to average bank fees.
·You and your fellow members are owners of the credit union, unlike banks that are owned by Wall Street stock holders. Any profit at year end with the credit union belongs to you and all of our other loyal members.
So, if you are thinking about making a purchase or deposit, large or small, come visit us and let’s talk.