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0% Financing Can Cost You Money!

When vehicle sales drop, manufacturers increase their rebates and incentives. Most of their advertising will showcase 0% financing. Did you know that in many cases you'll give up a large rebate or incentive to get 0% financing and the final cost of your vehicle will be more than if you finance with We Florida Financial? I can write more about this, but I'm going to let the numbers do the talking! Dealer 0% Loan WeFF 60 mo @ 2.99% WeFF 78 Mo @ 3.49% MSRP $27,495.00 $27,495.00 $27,495.00Dealer Gap...

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Red Flag: My Dealer Won’t Accept My Credit Union Draft

Over the years I've had members attempt to purchase vehicles at dealers that would not accept the draft they received from their credit union. If this happens to you, remember that something may not be quite right about the dealership or the vehicle you want to buy. Sometimes dealers won't accept a draft because of the conditions that come with the draft. These conditions protect you, the credit union member. For example, We Florida Financial's drafts are not allowed to be used to purchase vehic...

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Car Buying: Wants vs. Needs

When buying a vehicle on a budget it is very important to weigh out Wants vs. Needs. Most people want the newest, coolest car but don't consider their needs – budget, maintenance, and daily life outside of driving. Things are not getting any cheaper. So when going to buy a vehicle, especially when you are on a budget, it's important to weigh out Wants vs. Needs. That way the salesman at a dealership doesn't sell you into the newest, most expensive vehicle in the lot, just because you are approve...

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Got GAP?

Owing more than your car is worth is called being "upside down" in your loan and it can be a problem if your car is totaled in a crash, or if your car is stolen and not recovered. Either way, your insurance pays you what the car is worth, not what you owe on the loan. You'll have to pay the balance of the loan out of your pocket, unless you have something called GAP. GAP stands for Guaranteed Asset Protection and it covers the difference between the amount you owe on your car and the actual cash...

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GAP Insurance – a Lesson Learned

Guaranteed Asset Protection (GAP) is when you owe more on your vehicle than it is valued at. If your purchase a vehicle and have little or no money down, you risk the chance of being upside down at some point in time. If you purchase a vehicle for $25,000 and a year or two later it is totaled or stolen, the insurance company may not give you enough money to cover the rest of your loan. An example would be if you still owed $23,000 on your vehicle and the insurance company tells you that the vehi...

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Four Reasons to Secure Your Auto Financing Before You Go to the Dealer

If you're ready to buy a car, it's possible you've given more thought more to the colors and options than you have about how you'll pay for it. We understand – car shopping can be fun! But for some, getting a car loan is something they'd prefer to avoid. At We Drive, we'd like to change that. Here are a few good reasons to get excited about getting a car loan: Know how much you can spend. There's nothing worse than getting amped about your next car only to find out you can't get approved for a l...

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