SMARTLAB by Logix

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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Is it time to think about financing a car? It looks like it might be for many people.   

The website AutoTrader reports that people are embracing online car buying instead of in-person shopping, which makes sense as we continue to focus on social distancing, health and hygiene.  
  
Financing a car is one of those big life events – whether you are “kicking the tires” in the showroom or on a dealer’s website.  

It all starts with making sure we get the best deal possible on the vehicle we want.  Then the next step is figuring out the financing and negotiating your car purchase. 

We all make the best decisions we can with the information we have available to us. It is in that spirit that we share some ideas to consider when financing a car. 

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For starters, Logix is a not-for-profit cooperative, so earnings are returned to members through better rates, lower fees, improved services, and increased reserves to maintain unmatched financial strength. We really do want to earn your business! Please read on to learn more about how we set rates for some of our most popular accounts.

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Some people genuinely enjoy the process of buying a new vehicle.  The dealerships, the research, the haggling, and even the salespeople. Then, there are some people who would rather experience none of that at all.  In fact, they’d prefer that someone else (who loves doing all of that) do it for them instead.  That ‘someone else’ has to exist, right?  Well, they do.

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A few years back, I shared a story about a car that our free car-buying service, Auto Expert, helped me find and purchase.  My car goals today are similar to what they were back in 2011.  I was looking for a used vehicle that was economical and had a price tag that wouldn’t make me wince every month when the payment was due.  Beyond those two items, I didn’t much care what else made up the car.

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