Fall 2017
Everything Auto
3
A GREAT TIME TO
BUY A VEHICLE
Low interest rates, financing options make new cars affordable.
Historically speaking, there may never be a better time to
purchase a new car than right now.
ot only are cars more advanced
than ever before – with new
technologies and reliable, fuel-
saving drivetrains that can save
drivers money – but they're also
available during a “perfect storm” of financial
conditions that make it a great time to consider
purchasing a new vehicle.
N
LOW INTEREST RATES
Everyone knows that interest rates can
make a big difference over the life of a loan. A
few short years ago, top-tier car buyers may
have had to pay 10-percent interest or even
higher to purchase a new vehicle, while people
with less-than-perfect credit would have to pay
even more.
Today's interest rates, though, are drastically
lower than they were just a few years ago. The
financial crisis of 2008 caused central bankers to
lower interest rates, and they've kept them near
record lows ever since.
That means buyers can save thousands of
dollars compared to what they would have paid
before 2008. It makes new cars more
affordable for more people, and it lowers
monthly car payments for everyone.
AVAILABLE FINANCING
Another reaction to the 2008 financial crisis
was a tightening of lending standards. For a
brief time, unless you had spotless or near-
perfect credit, it was all but impossible to
qualify for a car loan.
Fortunately, the auto financing world has
returned to a more reasonable place since then.
Car makers and banks reported making more
loans to people with lower credit scores in
2012, and dealers are saying that it's easy to find
financing for people with all types of credit
histories.
Between the historically low interest rates
and more reasonable lending standards, now
may be the perfect time to shop for a new car.
There's no way of knowing how long these
current financial conditions could last.
M A X I M I Z E
RESALEVALUE
Now is the perfect time to upgrade your vehicle
Dealerships are often hot spots for discounts on
both new and used cars.
But don’t forget about sprucing up the one you’ll
be trading in. You can get more money out of your
current car at transaction time if you make sure it’s
up to par.
Dealerships use resources like Kelley Blue Book
or the National Automobile Dealers Association to
calculate the worth of your car on the used market.
Obviously, factors such as age and make of your
car are out of your control. Some models have great
reputations for holding their value, while others may
require expensive parts and extensive labor for
repair.
While you may not be able to do much to
change these dynamics, what you can impact is your
car’s condition. How you maintain your car over the
course of ownership can make a big difference in
how much money you can expect when the time
comes to trade it in.
24
7
•
•
•
•
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• Carry out a thorough cleaning inside and out every
two weeks. This will help keep the interior fabric free
of dirt that can fray its color. It also will save your
exterior paint finish from being harmed by a buildup
of pollutants.
• Fix dings promptly before they turn into rust spots.
Just like any other maintenance, the quicker you take
care of a small issue, the less likely it is that it will
snowball into a massive one.
• Park far away from other cars or shopping carts. This
will help you avoid dings or scratches that can
require expensive fixes.
• Avoid smoking or eating in your car. Cigarette
burns and food stains can drop your car’s value in a
hurry.
• Never neglect oil changes, which when done
regularly can lengthen the life of your engine.
Local & Long Distance • Heavy Hauling
Domestics • Imports • Motorcycles
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CALL: 503-325-8855