Auto Buying Tips

Buying a vehicle can be one of the biggest financial decisions we make as consumers. Some of the most common questions we get asked include: Should I buy a new or used vehicle? Do I need to get Pre-Approved? And what do I need to refinance my vehicle over to One Source FCU? That’s why our team created this useful guide to help you navigate through the exciting journey of purchasing a vehicle.

Used vs New Vehicle

When it comes to buying a new or used car, take a good look at how much you could save over time. Take a look at your budget, what you can afford monthly, what kind of a down payment can you make and always Pay Yourself First, for those “rainy days” like unexpected car repairs, etc. Below are some Pros and Cons regarding buying NEW or USED:

New Vehicle Pros: Might include manufacturer warranty, can have lower interest rates, manufacturer incentives, latest technology, and can have less repairs.

New Vehicle Cons: More expensive, lose money the instant you drive it off the dealership, higher depreciation rates, and higher car insurance rates.

Used Vehicle Pros: Less expensive, lower depreciation rates, lower car insurance rates, and not having to worry about keeping it in “mint” condition.

Used Vehicle Cons: Can require more repairs, can have higher interest rates, and the lack of the newest technology.

+ Pre-Approved Advantages

+ Refinancing Tips

+ Life Stages when buying a vehicle

+ Car Shopping Steps

How Much is your Vehicle Worth?

Get new car pricing and used book values.

Understanding Vehicle Financing

Before you lease or financing a new or used vehicle, learn more about your options and what to expect at the dealership.

Video: Paying your car loan even when it's tough

What happens if you're hit with unexpected expenses or you lose your job and can’t pay your car loan?

Payday Loans

I just need enough cash to tide me over until payday.