Summer, 2007, Abbey Newsletter

It’s Closeout Time!

It’s that time of year again, that time when auto dealers need to begin clearing out last year’s models in anticipation of the arrival of next year’s models. For consumers, that can mean some really good deals on new cars.

It comes down to a matter of physics. Dealers can only fit so many cars in the space they have available. That’s where you fit into the equation. They need you to help move cars off of their lots before the new ones begin arriving.

To do so, they offer tantalizing incentives, including deep discounts on some models along with teaser interest rates that are, frankly, sometimes too good to be true.

So before you head out to buy, take a few minutes to prepare.

Have your dream car but not your dream car payment?

Abbey members can get Vehicle Loan Refinancing as low as 5.5% APR*

Abbey Credit Union Members can pay off a current vehicle loan and enjoy lower payments! Call today to find out more about membership and our great vehicle loans.

Give our loan department a call TODAY!

*Annual Percentage Rate. (Rates are subject to change, your actual rate may vary due to your credit score.)

Research Prices

Don’t count on TV ads to get informed about pricing. Do some digging on your own first. You can start with websites like Auto Trader, Kelley Blue Book or BeepBeep.com These sites allow you to specify the model you’re looking for, then provide a listing of what’s available locally and for how much. You can then buy directly from the listings or you can use this information on pricing when you visit a dealer to make sure the dealer’s price really is a good deal.

Get Financing First

Dealers offer teaser rates and rebates that look fabulous at first site. Many of them, however, are not such good deals when you dig into them. And many of them have such stringent requirements very few people actually qualify for them. If you’d like to know the truth about a financing offer, give us a call at Abbey Credit Union. We can help you understand an offer and make an informed decision.

We can also introduce you to the joys of getting a car loan from Abbey Credit Union. Our interest rates are always lower than national bank averages and our application process is designed to be fast and friendly.

And if you head out to a dealer with your financing already established, you can have a good deal more leverage in getting just what you want in your new vehicle.

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