There are many things out there that can be bought to protect my investments. One thing that I know for sure is buying extended warranty on all of my vehicles. I bought a van 4 years ago for my growing family that had 31k miles and got a pretty good interest rate through a company I had done business with in the past. After I bought my van I checked with them to see if they offered an extended warranty. They didn’t so I refinance with my local credit union because I could get the same rate and my extended warranty could be financed into the loan. But I only chose the 4 year 48k plan. I didn’t think I would have the van over 4 years based on my previous spending habits in buy vehicles, Well 4 years later I am now facing a tough desision, either buy another extended warranty or buy another vehicle. Had I spent another $200 I could of had it out to 6 years 100k. Lesson learned here.
FYI. March 9th, my air compressor went out, my warranty was set to expire on the 23rd, it was covered so the only thing I paid was $50. The total cost of the bill was $899.
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This blog asks a simple question: "What are you saving for?" Its goal is to help people set savings goals, develop a disciplined and/or systematic savings habit, and build a corresponding community of like-minded people as a support network. By laughing, crying, and discussing how we each approach this topic together, we should find it much easier to save together. So what are you saving for?
Well, You are at the right spot! Remember that with the “What are you saving for?” account if you save for a downpayment on a car, Member Credit Union will give you .25% off your interest rate if you set the account up and use the money for the downpayment, and if you finance with MCU and use auto-pay MCU will give you and additional .25% off the interest rate, so you have the opportunity to save a total of .50% off the already low interest rates for vechicle loans!!
Let me know if I can help you in any other way.