Whether your summer plans include weekly trips to the drive-in theatre or a cross-country road trip, your current set of wheels might not be up to the task. But after more than a year of financial uncertainty, buying a car right now may seem risky. Spoiler alert - it looks like the economy may be the next summer blockbuster. Now might be the perfect time to grab your ticket and hop into a new ride.
Here are five reasons to shift gears and head to a dealership this summer.
If you’re ready to simplify your life, consider using a digital wallet instead of a physical wallet. A digital wallet is an app that lets you keep your credit and debit cards on your smart device: choose from Apple Pay®, Google Pay™, or Samsung Pay.
You can expect the same trustworthy service from Logix when using a digital wallet of your choice, plus you will enjoy all the rewards, benefits, and protections your Logix Mastercard credit and debit cards offer.
The termination date on your auto lease agreement is fast approaching. Where has the time gone? It's been less than 36 months, and it's already time to decide if you want to continue the relationship. You didn't think you could get so attached. Walking away - it's just too much to bear.
Okay, maybe it's not that dramatic. But turning in the keys to your leased vehicle isn't easy if you've fallen in love with its high MPG, its reliability, or the way the driver's seat molds perfectly to your form. Or, maybe you can't bear to break up with those low monthly payments that come with leasing a vehicle.
No matter what you decide, your future will be affected. So weigh these pros and cons to help determine if it makes financial sense for you to buy out your car lease.
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We’re good at giving credit, and humbled to receive it.
Seriously, we wouldn’t have been voted Forbes’ Best-in-State Credit Union if you weren’t so awesome. Fewer than 1% of credit unions can say they’ve been voted Forbes’ Best-in-State Credit Union every single year since its inception. Logix is only strong and successful due to our amazing members. Thank you for your trust, your membership, and your belief in the power of Smarter Banking!
Debt is a lot like snow. The more it accumulates, the more damage it can do.
Did you know it only takes two feet of compressed snow to stress the roof of your home and set it up for a potential collapse? While homeowner's insurance can cover repair costs, there's no such insurance policy that can help you recover from the destruction caused by the weight of debt.
If you're struggling to pay bills or can't seem to make progress on your emergency savings fund, too much debt might be to blame. Fortunately, there are two proven debt repayment methods that allow you to melt away years of debt accumulation.
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