USC Credit Union Blog

USC Credit Union Blog

Hit the road this summer! 5 ways to reduce summer road trip fuel costs

Posted by Sydney on May 30, 2019 2:00:00 PM

If you are hitting the open road this summer, prepare to pay more at the gas pump. 

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Stop Making These 5 Car Buying Mistakes

Posted by Sydney on May 2, 2019 2:00:00 PM

Shopping for a new car has never been easier. 

There’s never been greater access to information on everything from make, model, fuel efficiency, past accidents and more to help you make the right decision.

Yet, consumers continue to make the same buying mistakes. 

Are you guilty of these? 

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5 Dos and Don'ts of Buying a New Car

Posted by Sydney on May 24, 2018 2:00:00 PM


Buying a new car can be one of the most important decisions you make as an adult. Be sure to consider these 5 dos and don’ts when buying the car of your dreams this summer. You’ll show up to the dealership looking like an auto pro!

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5 Stages of Buying Your First Car

Posted by Katherine on Feb 24, 2018 12:57:00 PM

The time has come where you can't accomplish your daily tasks without a car.  Here are the stages you'll probably go through while buying your first car.

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Everything You Need To Know About Buying A Used Car

Posted by Pierce Conway on Mar 29, 2016 11:30:00 AM

Buying a used car from a private party or a dealer can be a very daunting task. There’s nothing more frustrating than buying something that doesn’t work well, especially something as expensive as a car. There are A LOT of things to consider when looking to purchase a car. Before you make the big decision, take these tips into consideration!

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The Truth About Auto Loan Ads

Posted by Alexa on Jul 30, 2014 9:54:00 AM

Are Car Ads Taking You For a Ride?

Whether you’re buying or leasing, shopping for a car can be fun and exciting. But wading through ads and promotions offered by car dealers also can be stressful. Some advertise unusually low prices, low or no up-front payments, low- or no-interest loans, or low monthly payments. Others promise high trade-in allowances, free or low-cost options, or rebates. And if you’re looking to lease a vehicle, ads for very low — or no payment — at signing may be especially enticing.

But the Federal Trade Commission, the nation’s consumer protection agency, says beware: Not all dealers play by the rules. Details about special offers and promotions may be buried in the fine print, clicks away from online claims, may not be disclosed at all, or may not be disclosed until you get to the showroom or the finance office. But the law requires that if a dealer advertises discounts, prices, or special low payments, the ads must clearly explain the important details of the offers and how a buyer may qualify for them.

To find your best deal, shop around and compare offers from different dealers and financing sources like banks or credit unions. Ask the right questions, and make sure all promises and terms are in writing before you sign on any dotted lines.

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Wheeling and Dealing: How auto financing rolls

Posted by Ivonet on Jun 17, 2014 2:04:48 PM

 

You know exactly what car you want. Maybe it's the sporty little red number you saw cruising down the highway last week. Or a huge SUV that costs as much in gas each month as your rent. Either way, unless you can pay cash up-front, you'll need an auto loan that will allow you to make monthly payments. Choosing the right package to fund your new wheels is the key. You can't slow down that fast-talking car salesmen, but you can make sure you know what he's talking about.

1. Check your credit score

Get started by checking your credit score, a three-digit number (starting around 300 and going up to 900) used by your lender to determine how risky it is to lend you money. Your credit score influences your interest rate, so a higher score means a better loan package. You can get a free annual credit report (federally guaranteed) at annualcreditreport.com. By checking your credit report before applying for a loan you can fix errors and avoid surprises. It also protects you from dealers who might claim your credit score is lower than it actually is to keep you from getting a better deal.

2. Find a lender

You want to get a car loan, but you're not sure where to go. Lenders include financial institutions like credit unions, as well as online brokers and dealerships. Always compare lenders to see where you can find the best deal.

    • Check with the financial institutions you already use. Credit unions are not-for-profit and consistently offer low rates on auto loans. Many also offer incentives for current members.
    • Dealerships and online lenders both offer auto financing packages. It's important to read everything carefully, especially online, as some deals are often too good to be true.
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Driving Character on a Budget: Cool Cars Under $25k

Posted by Melissa on Apr 30, 2014 11:30:00 AM

10 Great Cars Under $25K

Kelley Blue Book has compiled a list of the 10 coolest cars priced at under $25,000, with something for just about every taste and age bracket.

#1 The company’s #1 pick is the Scion FR-S. This sporty model features rear-wheel-drive, 200 h.p. and an available 6-speed manual transmission. It’s relatively svelte for a new car, at around 2,800 lbs., and Car and Driver reckons that it’s good for 0-60 sprints in around 6 seconds. Very cool.

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Flags and Fenders

Posted by Melissa on Apr 12, 2014 10:00:00 AM
 
A look at what red flags should cause you to throw up the white flag when buying a used car. Click "Read More" to watch the video!
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