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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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What About Depreciation?

As most people know, new autos depreciate the moment you drive them off the dealer's lot. But did you know that not every vehicle depreciates at the same rate? Well, get comfortable because I have a story to tell…the depreciation story. Buyers of new cars and trucks are the people most effected by depreciation. The average vehicle loses 20% of its value after one year. Bad news for the new auto buyer, good news for the used auto buyer. However many people are not concerned with depreciation beca...

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Don’t Roll Over

Especially when it comes to financing your next car, truck or SUV. The roll over I'm talking about happens when your trade-in is not worth as much money as you owe on your loan. Here's why what seems like a quick solution may be the start of your financial downfall. In my years working for and with credit unions, I've seen this situation many times. You're looking for a new vehicle and you choose a sweet ride. The dealership checks out your trade-in and then advises you that your trade-in is wor...

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Helpful Tips For Parents With Teenage Drivers

Parents are both excited and fearful when their teenagers begin the process of learning to drive. Having gone through this already with three children I have come up with some tips that might help: If you are giving a vehicle to a child, teach them on the vehicle they will be driving.Do not give them the car you wanted at their age, get them a safe reliable car they can handle.Pay cash for a used vehicle, or see if you can inherit a vehicle from a family member. Odds are it will be scratched, de...

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Shopping for a Vehicle

So many people think you need months to shop for a vehicle when in reality it only takes one day to buy a vehicle. Plus when you go to a dealer and say you're not looking to buy for a month, they are not going to give you their best deal because they look at you as a shopper. Who wants to give out their best deal just to have you find a similar deal next door? When buying a vehicle, it is a "today" business. So do all your research prior to going to the dealership. Figure out what you need the v...

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GAP 101: Intro to Guaranteed Asset Protection

Don't worry, this is not a college course that comes with a difficult final exam! This is a quick blog to let you know why Guaranteed Asset Protection (GAP) is important to you and your financial security. GAP will protect your credit and your wallet if your financed vehicle is either stolen or totaled. Most of the time insurance companies will pay the trade-in value of a vehicle when it's time to pay an insurance claim. The problem is when you buy a car, you're not paying the trade-in value. Yo...

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