Taking care of your vehicle by following the manufacturers maintenance schedule can be a great guide to ensuring your vehicle remains in tip top shape. Regular maintenance can help you prevent costly repairs down the road, provide you peace of mind, extend your vehicle’s life, and could even help increase your vehicle’s value. Here are some great tips our lending staff put together for you:
Want to save on costly repairs and keep your vehicle on the road? Here are a few tips to keep your car in tip top shape!
Check the oil: You should check it at least once every couple of weeks or before a long trip. Follow manufacturers suggestion on oil change schedule.
Find sludge: Engine sludge develops on and around your vehicle's motor when oil begins to break down and collects on the engine. When engine sludge is present, oil is not able to properly lubricate the moving parts of your vehicle's motor.
Maintain fluids: Many aspects of your vehicle rely on good fluid maintenance. Keeping proper levels can lead to your vehicle lasting longer and driving better.
Monitor tires and tire rotations: Regular rotations and maintaining proper pressure can protect your tires from irregular wear and improve their longevity.
Maintain air filters: Replacing your vehicles air filters may increase fuel efficiency, prolong your vehicles engine life, and reduce emissions.
We know how important keeping yourself and your family safe on the road is to you and we want to help keep you safe. Looking up the crash test results, recalls, and advanced safety features by visiting the National Highway Traffic Safety Administration (NHTSA) and/or the Insurance Institute for Highway Safety (IIHS) can provide you great insight and peace of mind. Here are three great safety features that use the latest technology that can help enhance your vehicle’s safety.
Advanced Frontal Airbags: Sensors consider factors like occupant size, seat position and crash severity to determine the level at which driver frontal and passenger frontal airbags will inflate reducing risk of injury and death for children and smaller framed adults.
Automatic Emergency Breaking: The vehicle’s system applies the breaks on its own to prevent a collision and/or reduce the impact.
Forward Collision Warning: Gives drivers an alert, usually visually and/or audible, that a crash might be about to happen.
Here are four great products One Source FCU in partnershipwith IWS provide at a low cost exclusive to our members:
Through IWS, One Source is offering these amazing new services below:
24/7 Emergency Service for:
GAP COVERAGE EXAMPLE:
Loan balance after 1 year $15,000
Vehicle's Actual Cash Value (ACV) $10,000
Member deductible $500
Insurance Settlement $9,500
The GAP $5,500
GAP Pays $5,500
For over 27 years, IWS Acquisition Corp. (IWS) has protected credit union members with vehicle protection products: Vehicle Service Agreements (VSA), Guaranteed Asset Protection (GAP) Auto Deductible Reimbursement (Auto Support+), and Appearance Protection (RestoraGuard). IWS delivers non-interest income for the credit union, protection for the member and a great member experience. People first. Products that work.
*APR is annual percentage rate. Interest continues to accrue on 90 days no payment. Offer good on approved credit only. Must be a OSFCU member. Certain restrictions apply. See credit union for details. Federally Insured by NCUA.
Did you know that owning a vehicle is the second largest expense after buying a home? Whether it’s filling up your tank, paying for auto insurance, car repairs, along with your monthly car payment, owning your very own car can be costly if you aren’t more money conscious. Here are a few tips to help you budget for car maintenance:
Take advantage of FREE warranties and maintenance: When you buy a new car, most manufacturers will sometimes include free maintenance for the first few years of ownership. Make sure you’re aware of such deals before the free maintenance period expires and take advantage of that free service. Some dealerships may even offer “free oil changes for life.” So the next time you’re ready to look for a new or used vehicle, look into these “free or “limited” services and give yourself one less thing to worry about.
Get familiar with your car’s specific needs: Everyone that owns a car knows when your car just isn’t running the way it’s supposed to, right? You know the noises it makes and doesn’t make and you especially know how it runs on and off the highway. So once you start taking your car for repairs, whatever that repair may be, gather all the maintenance records from the prior year, including receipts and credit card statements, to give you an idea of what kind of regular maintenance your car needed and may need in the future. Calculate the total cost of maintenance over the last year and divide that number by 12 to get your estimated monthly maintenance costs.
Adjust your budget for your current situation: Take your baseline figure from last year’s expenses and adjust for the current condition of your car. If you have an older car and you know it’ll need some extensive repairs soon, consider doubling, or even tripling, the amount you save each month. For example, your $50 per month baseline would then become as much as $150 per month. Remember that budgets are not set in stone, they should be flexible, so if other issues arise don’t stress over it and adjust accordingly.
Set up a maintenance fund: Set up a special savings account and title it “car maintenance” to help you remember why you’re saving money in this specific account. Do not dip into this account unless it is for car maintenance and repairs. To make things really easy, set up an automatic transfer to this particular savings account from your paycheck, every payday. Money you don’t see “out of sight-out of mind” makes it easier to save and less likely to dip into for things not associated with car maintenance.