Dealer Financing Facts

The REAL Story Behind Dealer Financing

You've heard it before- ZERO Down! ZERO Interest! ZERO Payments for 6 months,
12 months, or 60 months! Seems too good to be true, doesn't it? Well, IT IS!!!

Let's just take a look at this too-good-to-pass-up deal. Triple Zero ads are promoted
heavily so you should know the facts - starting with the fact that these promotions can
be some of the most deceptive and unfair to the consumer. By using word games, and
by deliberately obscuring details, the promotions hurt unwary consumers in the wallet.
READ THE VERY FINE PRINT and you will see these things:

1. Zero down payment doesn't mean no money- Every buyer still has to pay tax,
license, registration and other dealer fees, which can run over a thousand dollars.
That's a down payment in our book!

2. Zero Payments for six months! Is the dealer or their financing company being kind
and making your first six payments for you? Of course not! They are doing one of two
things: either adding the six payments to the end of your contract, or, even worse,
financing those first six payments. Either way, you pay MORE interest. Interest doesn't
go away. You'll pay it sooner or later.

3. Zero percent! In addition, you might have seen that zero percent is legal bait and
switch. According to CNW Marketing Research, barely 9 out of 100 people drawn to a
dealership because of zero percent financing actually get it. To make matters worse,
the research company found that consumers don't negotiate on the actual price of the
car when they go to dealerships for zero percent. They don't realize that the price of
the car and the cost of financing are TWO SEPARATE ISSUES. Those consumers pay
thousands more than they need to pay.

Can you do better that Zero percent?

If a rebate is offered as an alternative to 0%, the answer is often YES! To do so, you·
need to apply the rebate as a down payment on the vehicle.
Go to the dealership armed with this information. Tell them up front you want the
REBATE instead of the special financing. Have them apply the rebate to the vehicle
purchase, and then get your loan from US!!!

Experience vs. Things

It's important to make room in your budget for "fun" stuff. Budgets without room for
things like going to see a movie, buying a pair of shoes, or going on vacation are more
likely to fail. So what should that "fun" money be prioritized for the greatest impact?
Experience or things?

According to an article from SAGE Journals, experiential purchases (money spent on
doing) tend to provide more enduring happiness than material purchases (money spent
on having).

The wait for an event, such as a vacation or concert, brings more happiness than the
wait before purchasing something.

While there's that initial rush you feel when you buy something new, it's not something
you can necessarily recall as a "happy memory". You quickly become accustomed to
that item being in your possession. These new purchases also lead to people needing
to keep buying bigger & better to keep that feeling.

Every time you have a new experience, such as a vacation, it becomes a part of who
you are. That doesn't happen with our material possessions. You can recall the happy
memories and remember what that felt like, that doesn't happen when you buy
something.

It can also help eliminate the need to "keep up with the Joneses." People aren't as
likely to compare what they do as they do with what they have. While you can easily
compare an item such as a car, it's impossible to compare the feelings that experiences
can bring.

So while you may not be able to have it all, you can make sure that your money is
going towards what's most important. Just remember to leave room for fun whenever
you create a budget.

Trustage Accidental Death

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*this is a third party company, Devil's Slide employees and Board members do not have information regrading this service. Please contact TRUSTAGE for additional information.

Create A Family Emergency Binder

We've all heard the saying "hope for the best, prepare for the worst" when it comes to emergency preparedness. This preparation should include storing all important documents in a place that's both safe and easily accessible in the event of an emergency. One great idea is to use a binder to keep all of your documents organized.

What Should Be Included In Your Emergency Binder?

• Emergency contacts and numbers

-Family

-Friends

-Doctors

- Work contacts

- School contacts

- Utilities

- Non-emergency numbers

• Copies of Important Documents

- Driver's Licenses/State ID's

-Passports

- Social Security Cards

- Birth Certificates

- Adoption Records

- Marriage License

- Military Records

- Church Records

-Will/Trust/Power of Attorney

- Insurance Cards

-Deeds & Titles

• Financial Information

- Copy of Tax Returns

- List of Bank Accounts

-Credit Card Statements/Information

- Stocks & Bonds

- Certificates of Deposit

- Password Information for Accounts

• Medical Information

- List of Prescriptions

- List of Allergies

- Immunization Records

- Vital Information for each family member

- Medical Release Form

• Cash

• Family Photos

Online Banking Update

On July 19th,  the passphrase and picture security feature within home banking will be replaced with a one-time text or phone call to verify your identity as well as the device in which you access our site.  You will be prompted to confirm or change your phone number on the file within home banking.  Once this change occurs, you will be prompted to receive a phone call or text from the phone number you have provided.  The automated system will then provide you with a pin number to enter into home banking.  This will occur on each device you access your home banking site from (home, work, etc.) and will not prompt you to complete this action again, unless the internet cookies have been cleared.  This will provide our members with an extra layer of security.

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