18 Sep

Car Buying Process Made Simple

Car Buying Process Made Simple

Have you been thinking about getting a new car recently? Don’t know where to start? Allow us to help. Here at RMLEFCU, we have partnered with AutoTrek® to bring you plenty of resources to simplify the car buying process.

Use an Auto Broker

When making a new or used car buying decision, many people utilize auto brokers to help them with the tedious process of finding the exact car they want at an affordable price point. Simply put, auto brokers streamline the process significantly and do all the heavy lifting for you. Just tell them what you’re looking for in a vehicle and a set price range, and they take care of the rest. From scouring the country locating a vehicle fitting your description to negotiating prices with the dealer; they take care of all the time consuming busy-work so you don’t have to.

RMLEFCU Member Deals and Discounts

By being a member of RMLEFCU, you receive the best deals and discounts in AutoTrek’s inventory. AutoTrek provides RMLEFCU members with the most current and accurate vehicle information on the market, so you can make the most informed car buying decision possible. They also offer members a complimentary vehicle report, so you are able to check the history and information on any vehicle as long as you have the VIN.

What’s the Value of Your Current Vehicle?

How much you will get for your current vehicle will probably effect which car you’ll set your sights on buying next. If the value of your current vehicle is more than expected, then suddenly you might be able to afford a slightly nicer make or newer model! Utilize the NADA appraisal tool to find the approximate trade in value of your vehicle and compare similar models side by side to ensure you’re getting the best deal.

Get Your Dream Car

By utilizing the New Vehicle Builder Tool, you’ll be able to research and build your dream car equipped with any and all the bells and whistles you’d like. You can then submit this vehicle to AutoTrek who will search high and low for your exact specifications. Once found, AutoTrek will take care of all the negotiations and deliver the vehicle to you at the best price possible.

RMLEFCU Auto Loans

So now you’ve got your dream car at the best price possible, but how are you going to pay for it? At RMLEFCU, we’re all about making the car buying process as simple as possible, so we offer competitive auto loans only available to members with no payments for the first 90 days! We’re making it easier than ever to get you into a brand-new ride at the lowest possible price, so what are you waiting for? Check out our website for more information and apply online today!

03 Feb

An Owner’s Manual to Picking the Right Used Car

autotrekRocky Mountain Law Enforcement Credit Union has partnered with AutoTrek to help first time car buyers. AutoTrek is an auto broker who works with you to find the car you want and helps you negotiate a price that works for your budget. AutoTrek carries an on-site inventory of 100 vehicles on average and has access to 40,000+ additional vehicles with their franchised dealer partners. As for new cars, AutoTrek represents 300,000 plus credit union members we are treated as a large “fleet buyer” and receive the lowest pricing available.

For members purchasing their first car, you’ll receive $100 cash back when you borrow up to $10,000 or $150 cash back when you borrow up to $15,000. On top of this, AutoTrek and RMLEFCU are offering a $100 gas card. With gas prices as low as $1.40 a gallon in the metro area, you can put plenty of miles on that new or “new to you” vehicle.

Get pre-approved by RMLEFCU and then call (303) 934-5600 to connect with AutoTrek’s experienced team.

Here are a few best practices before you make things official with the car, truck or SUV of your dreams.

  1. Take a test drive on both highway and city streets. Hitting the city streets will showcase how the car handles turns and bumps. On the highway, you’ll be able to see how fast it can accelerate and whether you notice any road noise. If you drive up any kind of incline (Lookout Mountain, anyone) you can quickly see whether it handles hills the way you were hoping.

 

  1. Look over the exterior with a fine tooth comb. If there has been repair work, how well was it done? Its always a good idea to check out the Car Fax. With an eye to the future, maybe those scratches and nicks are not important to you, but consider what happens when you try to resell the car to a dealer or private party.

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10 Nov

Christmas Comes Early This Year!

car blogpic

Dr. John, esteemed blues musician once sang, “I been in the right place But it must have been the wrong time.”

What if we told you that NOW, and NOT the holidays, is the right time to buy a car and RMLEFCU is the right place to finance it.

After all, two rights make a good decision. You can quote us on that but we don’t expect any songwriters to use it in their lyrics.

Forget the obnoxious car commercials with yellow Labrador puppies and big red satin bows on top of luxury cars, you need a car that performs well, doesn’t break the bank, and gets you where you need to go safely without frequent mechanical issues. Whether your future car has an overwhelming new car smell and double digits on the odometer, or is “new to you,” RMLEFCU is standing by ready to offer some of the most attractive car loans in the Denver metro area.

We offer auto loan rates starting as low as 1.99% APR* with up to 36 months to repay.

Our little “blue” bow is that you have no payments for 90 days when you purchase October 1–December 31, 2015. When you finance with us before the end of the year, we will also give you a $50 gas card as a thank you. Have you seen how cheap gas is lately? We crunched the numbers and if your car averages around 25 miles per gallon, you could travel 225 miles. That’s a lot of trips to the store, Home Depot, the nearby park for practice. Do you know what kind of new or “new to you” car is right for you? We found a great quiz with only 8 questions to help you decide. There’s nothing scientific about it since most of what goes into our car purchases involves emotions. If the thought of your car has you, or your mechanic, wincing, it’s time to talk to a RMLEFCU representative.

Just like with buying a home, why not get pre-approved before you even set foot in the dealerships lot? Also check the Credit Union Direct Connect (CUDC) website.  Rocky Mountain Law Enforcement Credit Union partners with over 300 dealerships in Colorado to make the buying experience even easier. Select a dealer and tell them you are a member of RMLEFCU and they can process all the loan paperwork for you on the spot!

 

 

 

11 Sep

4 Health Benefits of Taking a Road Trip

A year ago gas prices in the Denver area hovered around $3.59. Due to domestic oil production ramping up and global thirst for oil petering off, gas prices have dropped to $2.60 a gallon, give or take a few cents. If you have a few vacation days you need to use before the end of the year, may we suggest a good ol’ American road trip? We’ve rounded up the top 4 reasons that doing so may have both mental and physical rewards.

  • Easier to go tech free

According to an April 2015 Gallup poll conducted on 4,475 adult U.S. workers, almost 50 percent of workers who frequently use work email outside of normal working hours reported feeling stressed “a lot of the day,” as compared with around a third of those who don’t check work email after-hours.

Most airports, and even some planes, have Wi-Fi. As much as you’d like to unplug, the outside world can still reach you on your smartphone. But when you’re cruising in your car on your way to Wall Drug in South Dakota, your only thought will be, “Why haven’t I done this before?” instead of the obligations waiting for you back in Colorado.

  • Feel better when you head back to work

We all need a break in our routine. It’s healthy and helps us press the reset button. There is a caveat though. Most of the happiness you’ll get from vacation depends upon the stress level of the vacation. Why not just get behind the wheel and avoid the ever shrinking tray tables and chatterboxes on the plane? Let’s face it, plane travel has been the opposite of glamorous for decades but the open road hasn’t lost its allure.

  • Save money

 Saving money makes us happy. Who hasn’t bragged about saving a few bucks when their friend paid full price for something. It’s easy to save money when you take the road by the wheel since  gas is cheaper and there are no extra charges for checked or carry-on bags!

  • Even planning a vacation has health benefits

A recent study, published in the journal Applied Research in Quality of Life, showed that the largest boost in happiness comes from the simple act of planning a vacation. In the study, the effect of vacation anticipation boosted happiness for eight weeks.

What if your car’s heyday has gone and went? If you are in the market for a new or used car, RMLEFCU has car loans that can help you trade in that jalopy.

As a member of Rocky Mountain Law Enforcement Credit Union you enjoy:

Don’t forget that our employees can review whether it makes sense to refinance your current vehicle to potentially lower your rate. We’re family after all, looking out for you, even when you don’t ask.

 

 

 

06 May

RMLEFCU Makes Car Buying Hassle Free

Quiz: What are seven little letters that could save you a lot of hassles at a car dealership?

Answer: R-M-L-E-F-C-U.

hassle free car buying at RMLEFCUWhen you sit down at the car dealership, you mean business. Before you pick up that pen and begin any paperwork, remember that RMLEFCU has already done a lot of work to make sure you’re not going to have a case of car buyer’s remorse.

We have partnered with 300 dealerships in the Denver area to offer you competitive rates with Direct Connect. www.getacreditunionloan.com

Just mention that you are a member of Rocky Mountain Law Enforcement Federal Credit Union. The dealership will complete the loan paperwork and offer the same competitive rates as RMLEFCU.

Need some info? Check out our auto resource center.  Read More

03 Feb

3 Years vs. 5 Years: How Long Should Your Auto Loan Be?

Choosing an auto loan for your new car is a big decision. It can affect your monthly finances, your credit, and your ability to sell the car down the line.

The most common auto loans are 3-year loans and 5-year loans. Here are the benefits and drawbacks of each:

3 year vs 5 year auto loan rocky mountain law enforcement federal credit union3-Year Auto Loan

Benefit: These loans are less expensive overall. They are less risky for the lender, so they carry a lower interest rate. If you anticipate having very solid income for the next three years, a 36-month plan will save you money over the course of the loan. It will also allow you to pay off your car faster, meaning you can resell it sooner. That is a significant benefit, since cars depreciate quickly.

Drawback: 3-year plans come with a higher monthly cost. This can eat into your monthly budget. Even if you can afford it now, if your financial future is uncertain—if you know you’ll be looking for a job in six months, for instance—you may not want a 3-year loan. These expensive monthly payments leave you less discretionary income to handle life’s uncertainties, whether it’s unemployment or unexpected medical bills. You cannot eliminate these uncertainties, but if you anticipate having them, a high monthly payment might not be your best option. Read More