Turning Over A New Leaf

Start the New Year off right with confidence and a plan! Isn’t that what we say every year? Well this year I have a couple suggestions that may help you achieve these resolutions plus, peace of mind. Financial woes and poor credit scores are two of the most common causes of stress this time of year. Whether it’s challenging credit, no credit, or the need for more credit, finances affect our lives year after year. Tm Auto can help you establish or rebuild your credit this January and avoid “Tax Season” price gouging at the same time. By making stable, monthly payments on a large purchase such as a used car, truck, or SUV, you prove to creditors that you are a trustworthy spender. Every payment you make on time and in full raises your credit score; great news for just about anyone wishing to improve these crucial three numbers. Restoring your credit by purchasing a reliable automobile that would otherwise be out of reach just might be the plan you’re looking for! We offer “Absolute Credit Approval” regardless of your credit score so you can get started on that resolution right away!

You can also save on your used car between December and mid January! Due to suppliers capitalizing on profits as tax season approaches, car prices will go up at many dealerships after the first of the year. I’m able to offer some of my best deals up to January 15th. No gouging; just the most car for your money and a stress free car-buying experience.

            Establishing good credit starts by making regular, on-time payments but there is more to “turning over a new leaf” than this. Below are some suggestions that you may find helpful in the New Year.

  1.     Budget for a Credit Card – You’re checking account is in good standing and you regularly use your debit card, but have stayed away from credit out of a fear of going over your limit. There is no need to fear credit. If you budget correctly, a credit card becomes an easy way to boost your credit rating. It’s not much at first, but if the maximum payment is made every month, your credit rating will go up accordingly.
  2.     Always Pay on Time – Paying off the maximum balance on a credit card is great, but it means nothing if payments aren’t made on time. Payment history is the most important tool in establishing your credit score, and helps you establish yourself as a trustworthy buyer!
  3.     Keep a Low balance – Credit limits vary from card to card, and it can be tempting to use close to your monthly limit. As a rule of thumb however, you should only utilize 10-30% of your credit at any one time. It’s okay to go over this occasionally, but consistently going over this self-imposed limit can indicate financial irresponsibility.

TM Auto Wholesalers specializes in “The stress free car buying experience”. A purchase from our inventory can help you establish or repair your credit while saving you cash for holiday expenses! Feel free to contact me online at mike@tmautova.com, or by phone or text at 757-560-4252. Ask for Mike and start the New Year off right!

The Big Gift

THE BIG GIFT!

Is this the year? You know… for your teen’s BIG GIFT! That long awaited iconic symbol of freedom, sovereignty, and coolness. The singular most important possession that let’s everyone, everywhere know with absolute certainty, “I’m officially grown up.” This gift of all gifts represents the next chapter in your child’s life as well as your trust in them. It is the time-honored ticket to ride, their first car!

Like all astute parents and shoppers, you have questions… lots of questions. At the top of the list may be whether to buy new, used, or to pass down the family car. Well, rest assured that new, used, big or small, it’s going to be a hit. Your decision ultimately comes down to what makes the most sense.

The obvious choice is simply to pass down the family car. It’s often paid for and thoroughly road tested. When it comes to repairs and safety, nothing provides more peace of mind than knowing your car’s service record. It’s also likely to generate lower insurance premiums. There are plenty of good reasons to pass down the family car however; there are some “Not so good reasons” too. It’s a good idea to consider modern safety features such as side-curtain airbags, blind-spot indicators, backup cameras, and forward- and rear- collision alerts which are all good for new drivers. Passing down the family car makes sense as long as it’s safe and reliable.

New cars are also a strong consideration. The most up-to-date safety features and technology often come standard. Those with a good reliability record will need few or no repairs for at least the first three years of ownership. This means peace of mind, less headaches, and little or no maintenance costs. A new car is an easy sell as long as cost is not high on your list of concerns.  

Used cars are also a great choice. Affordable (not cheap) used automobiles are often the best way to go for teens and parents shopping for a starter vehicle. Buying the newest used car possible will likely get you the most up-to-date safety features available for your money. This is very important for novice drivers. By adding a few dollars for a good reliability record, you’ll have less repair costs and greater peace of mind. Check the CARFAX before buying to see it’s history. Small sedans and hatchbacks from mainstream brands, or even better, midsized sedans are great choices for fuel economy and lower insurance premiums.

This opportunity comes but once in a lifetime folks. Buy smart, enjoy the moment, and have a wonderful holiday! Find more articles on ASK MIKE’S blog here at www.tmautova.com and please share! Feel free to call or text (757) 560-4252 and ask for Mike Love. I’ll be happy to answer your questions and assist you with purchasing your next car, truck, or SUV.