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The extras of car buying

The extras of car buying


>>Helping you get on the money>>Helping you get on the money
with 1, 1, financial credit>>Helping you get on the money
with 1, 1, financial credit
union in the upcoming fall with 1, 1, financial credit
union in the upcoming fall
months are the best time to buy union in the upcoming fall
months are the best time to buy
a car here to tell us why months are the best time to buy
a car here to tell us why
is the vice president of a car here to tell us why
is the vice president of
lending at one to one Kathy is the vice president of
lending at one to one Kathy
have stellar. Thanks so much lending at one to one Kathy
have stellar. Thanks so much
for being with us thank you for have stellar. Thanks so much
for being with us thank you for
having me all right so why is for being with us thank you for
having me all right so why is
it such a good time to buy a having me all right so why is
it such a good time to buy a
car. Well rates have gone down it such a good time to buy a
car. Well rates have gone down
recently you may have heard car. Well rates have gone down
recently you may have heard
that in the So rates are really recently you may have heard
that in the So rates are really
good right now, which means that in the So rates are really
good right now, which means
that if you’re going to finance good right now, which means
that if you’re going to finance
a car you’ll have a better that if you’re going to finance
a car you’ll have a better
payment. a car you’ll have a better
payment.
>>I’m also dealers are trying payment.
>>I’m also dealers are trying
to move inventory. So it’s a>>I’m also dealers are trying
to move inventory. So it’s a
good time to get a good deal to move inventory. So it’s a
good time to get a good deal
with the dealer. good time to get a good deal
with the dealer.
>>Okay, and what should you do with the dealer.
>>Okay, and what should you do
to be prepared>>Okay, and what should you do
to be prepared
to buy a car and the first to be prepared
to buy a car and the first
thing if you’re going to to buy a car and the first
thing if you’re going to
finance the vehicle, the best thing if you’re going to
finance the vehicle, the best
thing to do is get preapproved finance the vehicle, the best
thing to do is get preapproved
so that you know how much you thing to do is get preapproved
so that you know how much you
can afford you know about your so that you know how much you
can afford you know about your
payments and then keep in mind can afford you know about your
payments and then keep in mind
too with your payments on your payments and then keep in mind
too with your payments on your
car loan, then you also have too with your payments on your
car loan, then you also have
insurance and maintenance of car loan, then you also have
insurance and maintenance of
the car. insurance and maintenance of
the car.
>>So all of those things need the car.
>>So all of those things need
to be considered.>>So all of those things need
to be considered.
So you can go into your credit to be considered.
So you can go into your credit
union talk to 8th a financial So you can go into your credit
union talk to 8th a financial
representative and asked them union talk to 8th a financial
representative and asked them
to help you figure out representative and asked them
to help you figure out
what kind of car you can afford to help you figure out
what kind of car you can afford
what amount you can spend let’s what kind of car you can afford
what amount you can spend let’s
talk about gap insurance, how what amount you can spend let’s
talk about gap insurance, how
important talk about gap insurance, how
important
is that so gap insurance it’s important
is that so gap insurance it’s
get guaranteed asset protection is that so gap insurance it’s
get guaranteed asset protection
and what that is if you finance get guaranteed asset protection
and what that is if you finance
your vehicle and you don’t put and what that is if you finance
your vehicle and you don’t put
down any money or less than your vehicle and you don’t put
down any money or less than
20%. And your car’s totaled you down any money or less than
20%. And your car’s totaled you
could the insurance company 20%. And your car’s totaled you
could the insurance company
might not pay it all off. could the insurance company
might not pay it all off.
So the gap insurance is to might not pay it all off.
So the gap insurance is to
cover that difference between So the gap insurance is to
cover that difference between
your loan and what the cover that difference between
your loan and what the
insurance companies going to your loan and what the
insurance companies going to
pay how do you get that insurance companies going to
pay how do you get that
and you can get that through pay how do you get that
and you can get that through
your dealers also sell it. and you can get that through
your dealers also sell it.
Usually like at the credit your dealers also sell it.
Usually like at the credit
union, it’s usually less Usually like at the credit
union, it’s usually less
expensive than what you pay at the dealer. basically you it’s the dealer. basically you it’s
added to your loan, it’s all the dealer. basically you it’s
added to your loan, it’s all
part of your loan, added to your loan, it’s all
part of your loan,
you can get your financial part of your loan,
you can get your financial
representative to spread it out you can get your financial
representative to spread it out
for you to show you what it’s representative to spread it out
for you to show you what it’s
going to look like and if you for you to show you what it’s
going to look like and if you
need it or not going to look like and if you
need it or not
that’s interesting because I need it or not
that’s interesting because I
think a lot of us have been that’s interesting because I
think a lot of us have been
there where your car is think a lot of us have been
there where your car is
totaled. And you made it have there where your car is
totaled. And you made it have
already owned it outright or totaled. And you made it have
already owned it outright or
have a lot of payments, already owned it outright or
have a lot of payments,
Lafayette and you have no car have a lot of payments,
Lafayette and you have no car
and you’re in debt right. Lafayette and you have no car
and you’re in debt right.
So the problem is your car says and you’re in debt right.
So the problem is your car says
you drive it off the lot it So the problem is your car says
you drive it off the lot it
depreciates so you drive it off the lot it
depreciates so
if you’re not being down 20% if depreciates so
if you’re not being down 20% if
you’re spreading out over a if you’re not being down 20% if
you’re spreading out over a
long term you’re not paying you’re spreading out over a
long term you’re not paying
that down very fast so you long term you’re not paying
that down very fast so you
could owe more. The what that down very fast so you
could owe more. The what
insurance is going to pay very could owe more. The what
insurance is going to pay very
easily and I understand you’re insurance is going to pay very
easily and I understand you’re
you have an event coming up easily and I understand you’re
you have an event coming up
yes, so we’re having a big car you have an event coming up
yes, so we’re having a big car
sale. We’re calling it the yes, so we’re having a big car
sale. We’re calling it the
greatest car sale of it said sale. We’re calling it the
greatest car sale of it said
the Morocco Shrine Auditorium greatest car sale of it said
the Morocco Shrine Auditorium
and we have over 9 dealers the Morocco Shrine Auditorium
and we have over 9 dealers
about 500 cars they’re going to and we have over 9 dealers
about 500 cars they’re going to
be used in about 500 cars they’re going to
be used in
late model and we the dealers be used in
late model and we the dealers
will be their lenders will be late model and we the dealers
will be their lenders will be
on site we’re encouraging will be their lenders will be
on site we’re encouraging
people to get preapproved so on site we’re encouraging
people to get preapproved so
when they come in there will be smooth sailing. And we’ll have smooth sailing. And we’ll have
food trucks activities for the smooth sailing. And we’ll have
food trucks activities for the
It will be it’s going to be on food trucks activities for the
It will be it’s going to be on
an amazing event and I imagine It will be it’s going to be on
an amazing event and I imagine
one of the first things the an amazing event and I imagine
one of the first things the
you should do before you go to one of the first things the
you should do before you go to
an event like that it’s check you should do before you go to
an event like that it’s check
your credit score. an event like that it’s check
your credit score.
Right even if you can’t get your credit score.
Right even if you can’t get
preapproval at least know your Right even if you can’t get
preapproval at least know your
credit score. Yes. preapproval at least know your
credit score. Yes.
How does the credit score credit score. Yes.
How does the credit score
affect your rates so its first. So I loaning money, yeah, if So I loaning money, yeah, if
you if your credit score is low So I loaning money, yeah, if
you if your credit score is low
so the lower your score the you if your credit score is low
so the lower your score the
higher risk of thunder is going so the lower your score the
higher risk of thunder is going
to consider you so the higher higher risk of thunder is going
to consider you so the higher
rate you’re going to have to to consider you so the higher
rate you’re going to have to
pay now we’re going to have rate you’re going to have to
pay now we’re going to have
special rates for this car sale pay now we’re going to have
special rates for this car sale
just for the 2 days of the sale special rates for this car sale
just for the 2 days of the sale
and the reason we do that is we just for the 2 days of the sale
and the reason we do that is we
want to help people that may be and the reason we do that is we
want to help people that may be
their score is lower. It’s a want to help people that may be
their score is lower. It’s a
great time when we’re having a their score is lower. It’s a
great time when we’re having a
special car still in special great time when we’re having a
special car still in special
rates that you’re going to go special car still in special
rates that you’re going to go
to get a lower payment a lower rates that you’re going to go
to get a lower payment a lower
rate and remind us where is the to get a lower payment a lower
rate and remind us where is the
event and when rate and remind us where is the
event and when
it’s Friday and Saturday 10 to event and when
it’s Friday and Saturday 10 to
6 at the Morocco Shrine it’s Friday and Saturday 10 to
6 at the Morocco Shrine
Auditorium all right Cathy have 6 at the Morocco Shrine
Auditorium all right Cathy have
settler. Thank you so much for Auditorium all right Cathy have
settler. Thank you so much for
being with us this morning to settler. Thank you so much for
being with us this morning to
learn more about joining one to being with us this morning to
learn more about joining one to
one final financial learn more about joining one to
one final financial
credit union. If you have any one final financial
credit union. If you have any
questions just visit one to one credit union. If you have any
questions just visit one to one
FCU dot org you can also reach

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