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 Auto IssuesHow hard do you work to take home $2000? Does it really matter if you put air in your tires? Do oil changes really matter, or is that a myth? Do you know why smart people buy used vehicles rather than new? Would you like to cut your gas bill? "Auto Issues" will surprise you and, oh yes, it will save you money. Take Five Steps to Save BEFORE You Shop for a New Vehicle
Yes, you read that headline correctly. If you are thinking of buying a new or used vehicle and you want to save money, I recommend first taking five steps before you even think of heading to a dealership showroom or website to shop. When many of us feel that first itch for a new vehicle, we think first about dropping by a dealership to browse—look at a few models, lift a few hoods, check out a few prices. Not a great idea—dealerships love to see innocent browsers pull on to the lot. Or maybe, you just like to cruise the local dealership websites. That’s a better idea, but still not one designed to save you money or to really help you find the right car for you and your family. Instead, when that itch strikes, stop and take these five steps. Your wallet will thank you. Trading Cars? Don't! How to Sell Your Old Vehicle Yourself and Make $$$
Why should the dealership make that extra money? Why not pocket that money yourself by "retailing" your car to an individual rather than trading it? You may particularly wish to consider selling your vehicle if it's older but nice and reliable. Many people are looking for very affordable, but reliable transportation. So you can take a vehicle that a dealer might give you just a few hundred or thousand for and make more money. Both you and your buyer can come out ahead. Of course, you can also do well selling a newer vehicle. Read More... |
Calculate Available CashYour Available Cash is the maximum amount you have to spend on a vehicle. This calculator enables you to determine 1) the amount of cash a vehicle loan will yield and 2) the total Available Cash from all sources, including the loan, you have to purchase the vehicle. If the estimated amount of Available Cash is too little for the vehicle you would like to purchase, you have several options. A higher monthly payment and/or a longer loan term will typically yield higher initial Loan Cash, thus increasing your Available Cash. You may also want to consider alternative vehicles that better fit your budget. To estimate the value of your trade, visit the Edmunds website. Current rates and terms for Educators vehicle loans are available on our rates page. This calculator is solely for
informational purposes. It gives you reasonably accurate results of your Available Cash. Results for your actual loan will vary based on your final rate and loan amount.
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Dealerships just love it when you trade in your old vehicle. Why? They give you "wholesale" for it (if you're lucky) then "retail" it to another customer, charging that customer thousands more.