5 Reasons to Buy a Car This Summer

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.

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Celebrating the Long(er) Haul

Money and marriage, the two seem to be forever intertwined. In my first post on this series, Celebrating the Long Haul I talked about my own recent marriage. It turns out, I wasn’t the only one reflecting on the value of anniversaries at the time. My dad let me know that he had begun making plans to renew his vows after 31 years of marriage to my mother. She later confided to me how much that meant to her, that with all the gifts and difficulties that come along with decades of commitment; her partner would choose to do it all again. It struck me that years down the road when thinking about my own wedding, I wouldn’t remember the price of peonies or the cost of carnations, but rather recall the celebration of promises kept.

At Logix, we feel a similar fulfillment in honoring our ongoing partnerships with long term members. Since 1937 you’ve trusted us to provide you with smarter banking, and over the years we’ve grown with you. Like the significance of the materials listed below, we've been proud to support you with any of your banking needs from: increased balances, financed dream cars, to new home ownership.

I hope you enjoy part two of this series, celebrating the milestone gifts we give to celebrate love and their significance in history as money. If you’d like to read part one first, please click here.

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Celebrating the Long Haul

Different types of people prefer different types of gifts. This is a tried and true fact in my own relationship. I tend to gravitate towards life’s finer things: a new purse, makeup, and being treated to as many of Los Angeles’ burritos as humanly possible. My husband? He’d like to be given something he can put to use, like gift cards or cash. Having been married recently, I found myself googling anniversary gifts. I was surprised to learn that traditional wedding anniversary gifts can not only include the type of flashy presents I prefer, but also many materials that have a history of being used as currency.

How appropriate these anniversary materials are used to celebrate the longstanding relationships our members have with Logix Federal Credit Union. Whether it’s through better interest rates, improved facilities or better training for our staff (so that you receive the best possible service), we’re all about giving back to our members. We thought it would be fun to offer this list with the same spirit of gift-giving in mind. Whether you’ve been with us for one year, five years or even 40 years, these are anniversaries we value and hope to celebrate for years to come.

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Digital Wallets with Logix - An Easy and Secure Way to Pay

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.

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Pros and Cons of an Auto Lease Buyout

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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