If it's time to replace that aging vehicle, VacationLand Federal Credit Union can help. Basically, it comes down to what you want and can afford. Buying a new vehicle has many advantages, including getting the vehicle exactly as you want it, obtaining full manufacturer's warranty, and having little if anything to worry about when it comes to repairs.
However, buying used can be a better choice, especially if your budget is limited. There are many late models are on the market, some with a portion of the manufacturer's warranty remaining.
Two factors to consider before you buy are that the car is in good mechanical shape and that it is priced fairly. VLFCU urges you to have any used vehicle you are considering buying checked by a qualified mechanic. The charge is minimal - usually $50.00 to $100.00 and includes checking all the vehicles' major systems - engine, transmission, electrical, heating, cooling, and brakes. Fair market value can be easily determined by consulting any number of pricing guides available at the credit union or on the Internet.
Whether you decide to buy new or used, VacationLand Federal Credit Union urges you to carefully consider all of the pros and cons before you visit either car lots or car dealerships. When you're ready to buy, we'll be ready with reasonable finance terms and competitive used-vehicle loan rates to save you money. Our knowledgeable staff is eager to help you. Contact us today, before you hit the road.
Contact a Consumer Loan Officer for more information.
419.625.9025 | 800.691.9299 | inquiry@vlfcu.org
