Dick Says Yes Blog

With so many dealerships to choose from these days, it can seem overwhelming to select the right one.  Many people often focus on making sure they are selecting the right vehicle make and getting the right price that they tend to overlook a major factor in their purchase, choosing a reputable dealership to buy from. 

Virtually everyone has access to the internet these days. How can you tell if you’re making the right choice in what dealership you purchase your next vehicle from? 

DickSaysYes.com strives to make sure our customers receive top notch customer service and has the highest standards of customer satisfaction.  Please tell us about your experience.

As the economy weakens, it is more important than ever to have established credit. If you rely on credit cards to help improve your credit score, you may want to consider an auto loan instead. If you are looking to open a credit card, just know it may not help your credit as much as you think. With the weakening economy it is becoming increasingly more difficult to get approved for a credit card. For those who do get approved, customers face lower card limits and higher interest rates, which significantly increase the chances of someone defaulting on that card and/or maxing out their balance. The economy affects more than people’s pocket books, but also their credit scores.  Dick Says Yes recommends an auto loan to help improve your credit score, as it is one of the fastest ways to build credit.

To read more please follow this link:

http://www.katu.com/news/business/22436364.html

You have spent hours at the dealership, have finally agreed on monthly payments for the vehicle you have chosen, you enter the finance office to sign papers, and then you finance officer asks you, “would you like to purchase GAP coverage on this car?” “Say what? You want me to purchase something else?” “What is that?” you ask.

What is GAP?: Gap coverage pays the difference between what your car is worth and what you owe on the car.

Is it advisable to purchase GAP coverage, or is it just another way for dealerships to make money? Over 5 million vehicles are totaled each year and over 1 million vehicles are reported lost or stolen each year. So odds are eventually you or someone you know will become part of these statistics.

How does it work?: Say you purchase a vehicle for $20,000. Six months into driving your vehicle, it is involved in an accident and is totaled. After your insurance company examines your vehicle, they determine it was only worth $15,000 immediately prior to the accident. Your insurance is only going to pay out what your vehicle is worth. After six months of making payments, you still owe about $19,000 (remember your monthly payment includes interest). It is going to be up to you to cover the remaining $4,000 owed to the finance company. Most people don’t have that type of cash available, which is where Gap coverage comes in. Gap will pay the remaining balance for you.

Who should buy GAP coverage?: Anyone who expects to owe more on their vehicle than what it is worth.

Who should not buy GAP coverage?: Anyone who expects to have equity in their vehicle or anyone whose regular car insurance company states they will pay what you owe as opposed to what your vehicle is worth.

Bottom line: You don’t want to get caught in a position to owe any money out of pocket at the time of a total loss or theft. Dick Says Yes definitely advises you to purchase GAP Coverage when financing a vehicle that you may owe more on than it is worth at any given time.

We are pleased to announce that we have launched a new DickSaysYes.com website packed with credit information and resources! Included in the redesign is a new search technology that is easy to use. This new inventory search tool has more flexibility to make it easier to get the vehicle and the loan that is right for you.

Whatever you are looking for in your new car; specific make, model, price range, or even miles per gallon, you can find it all at Dick Says Yes.

Click here to visit DickSaysYes.com

We strive to educate our customers by providing them the necessary tools and information. Our new DickSaysYes.com website does exactly that!

First of all, thank you for visiting our Blog!

We will be providing you with the most up to date credit information and in-depth credit discussions found anywhere on the internet.

We will also be posting our Credit Clinic event information on the blog as well!

Stay tuned………

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