In the VSECU Blog you'll find financial and lifestyle resources to help empower possibilities for your personal success.
You may be able to save a lot of money by refinancing your car, but is it time? If you’re asking yourself that question, read on to learn some good reasons for refinancing and some things you should consider as you get started.
Your vehicle has served you well – it has shuttled you safely to work, toted your belongings and groceries with care, covered the distance between you and your loved ones—but it hasn’t been working so well lately. You just had the brakes fixed and the motor is now making a strange clunking sound. Each visit to the shop seems to cost a little more and you know that some other (and possibly more expensive) repairs are looming. You just don’t know when to buy a new car.
Your credit score is a good tool for measuring your financial wellbeing. Your score shows how good you are at paying bills on time, how much revolving debt you’ve taken on, and any debt you have neglected to pay off. Your credit report delivers your credit score. This is kind of like a report card, showing your overall credit score and the reasons for the low or high score.
If you’re in the market for a car, you’re probably wondering “what car is right for me?” It’s a big financial and personal decision, which will likely result in some debt. Plus, you’ll have the car for years to come, so you want to make sure you’re buying something that will fit your lifestyle for the next three to eight years. In other words, this is a decision that is worth thinking through.
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What is the Difference between Hybrid and Electric Vehicles? Hybrid vehicles rely on more than one form of fuel for power while electric vehicles (EVs) run exclusively on electricity. Most commonly, the two types of fuel used by a hybrid vehicle are gasoline and electricity. Hybrids and EVs are often more powerful than vehicles that are powered entirely by petroleum or diesel, and they use less fuel and require fewer trips to the engine repair shop.
Don't Spend Your Money on Unnecessary Automobile Insurance, Warranties, or Other Extras Car buying can be exhausting. You research all of your options, narrow your choices, and talk the automobile salesperson down on the price, all the while waiting for that blissful moment when you can plant yourself behind the wheel of your new car and drive home.
How to Find a Great Deal You have made the decision to purchase a used car, but you’re not sure where to begin. You know you want something that will last a long time and you know you don’t want to pay too much (which is why you’re buying second-hand). But how do you find that winning combination of long life expectancy and low cost in a vehicle you can enjoy driving? When it comes to used cars, there are three keys to finding a great deal: knowing your needs and limitations, eliminating damaged and unsafe vehicles, and finding affordable financing options.
Statistics suggest that more people are leasing now than ever. As car prices increase and lease rates decrease, Americans (and millennials in particular) are opting to take on an auto lease rather than taking out a car loan. Auto leasing is a valid choice for some but may be the more expensive option for others. Before you settle on one option, consider the benefits and drawbacks as well as the overall costs of each.