Summer 2009 Newsletter www.pacadfcu.org NAVIGATOR Must Read: Important Information for You TO REPORT A LOST/STOLEN DEBIT CARD TO REPORT A LOST/STOLEN CREDIT CARD (800) 754-4128 (866) 849-7943 TO ACCESS YOUR ACCOUNT 24 HOURS A DAY, 7 DAYS A WEEK Access to your account is available 24 hours a day, 7 days a week. You can call the Audio Response Teller (ART) at (800)655-2220 OR go to our website at www.pacadfcu.org to access Online Banking To set up access to your account, e-mail email@example.com or contact (800)444-5504. Research, Plan and Budget for That Special Vacation engines like Google.com or Yahoo.com, or •Avoid peak travel times summer and try one-stop travel sites like Expedia.com, holidays because airfares and Travelocity.com or Orbitz.com. hotel rates are generally at a premium then. You may consider consulting a professional travel agent. There's no charge to you, •If you have a rental car, you can drive and and it could save significant time. If you stay at a hotel outside an urban center do, make sure the agent is reputable. Ask where hotel rates often are lower. family and friends for recommendations, and find out how long the agency's been •Hotels that cater to business travelers in business. often are under booked on weekends and offer discounts, so check those rates. After determining your ideal destination, consider these tips to get the most for your •When you book any travel arrangements, money: read the fine print and avoid hidden costs. Most travel agencies and online travel •Book your flight and hotel together as a services include airfare and/or hotel package; the rates often are lower. taxes and fees in the total price you agree to, but be sure to ask. There are myriad ways to vacation, so to •Search for airfare sales on Tuesday make the best use of your precious time evenings when airlines typically release •Be aware of extra charges, like fees for and dollars, plan ahead. Start by deciding new ones. hotel telephone or Internet use, or inflated what you can afford, and then figure out mini bar prices. what you want from the vacation. Do you •If your dates are flexible, look for last- want total relaxation? Intense sightseeing? minute airfare deals. For help financing that special vacation, Adventure? Something else?" contact PACIFIC ADVANTAGE FEDERAL •Consider all-inclusive resorts or cruises CREDIT UNION today at (800) 444-5504 Then research likely destinations. You can where accommodations and meals are or for Spanish Speaking (800) 351-3892. do your own online research using search included as a package. ANGRY WITH YOUR CREDIT CARD RATES? Quarterly Drawing AND WANT TO PAY IT OFF!!! Winners April - Cruise Take a look at our Edward Gamayo Unsecured Loan Rates to see if ours is lower than May - Cruise your credit card rate. Lorena Jallorina The savings means more June - Hotel Voucher money in your pocket!!! Rocio Cortes de Yepez Apply on-line at www.pacadfcu.org or call 1-800-444-5504 CONGRATULATIONS! Strategies for Smart Car Buyers LOAN RATES** Know All the Costs Before Saying "Yes" Department of motor vehicles fees All rates are quoted as Annual Percentage Rates By Philip Reed, Senior Consumer Advice at A "documentation fee" (APR). The APR you receive is determined www.edmunds.com The so-called "doc fee" is set in some states, based on your creditworthiness. Additional rate such as California where it is $45. In other discounts may be available. Contact the Credit states, dealers can charge anything they Union for details. think they can get for the doc fee. We've heard reports of customers being charged New Auto......................4.00% - 13.75% up to $900 for doc fees. In such a scenario, Used Auto.....................6.00% - 14.75% the dealer would quote an attractive price Savings/CD secured......3.30% - 9.00% for the car, knowing they would make their Mortgage.......................Call 1-888-469-4048 profit by sliding the $900 doc fee past an Signature Loan..............6.49% - 17.99% unwary customer. In most cases, when you ask for the out- DEPOSIT RATES** the-door cost, the salesman knows exactly All rates are quoted as Annual Percentage Rates. what you mean. The good salesman immediately replies with something to Additional rate discounts may be available There's one question you can ask when Contact the Credit Union for details. buying a car that could keep you from the effect of "besides the cost of the car, paying thousands more than you should: you will pay sales tax, DMV fees and a Share "What's my out-the-door cost?" doc fee which is ¿" and then they name a figure that is hopefully less than $100. If $25 - $100 0% you get a vague answer, or they tell you it $101 - $2,500 .30% Why is this so powerful? In this climate of $2,501 - $5,000 .50% cut-throat competition, some dealers may is impossible to calculate this figure, you try to hide profit in extra fees or products should be on guard. $5,001 - $10,000 .70% you don't need. This question flushes out $10,000+ .90% hidden costs in a non-confrontational way. Better yet, calculate your out-the-door cost using our calculators. Put in the amount Share-Draft..................0.20% Here's how to use this question to make sure you don't get taken. you expect to pay for the car you are CD 6 - 36 months........call or visit our website considering. To find this figure, use our True Money Market..............call or visit our website You are negotiating on a car when the Market Value (TMV) price, which is the IRA..............................2.50% salesman finally gives you a good price. amount that other people in your area are **Rates are subject to change The salesman might realize you've reached paying for cars that are similarly equipped. the "buy point" and press his advantage by You will see that the "Total Amount to be BRANCH LOCATION & HOURS saying, "So, do we have a deal?" Financed" will be your out-the-door cost. Burlingame Some of you might be wondering how 1801 Murchison Dr. #202 Wait! Don't shake his hand yet (even though Burlingame, CA 94010 you wouldn't be legally bound by such a this strategy works when financing a car and paying for it in monthly payments. (650) 652-1365 gesture). Instead, say, "Your price sounds good, but first I need to know what my out- We certainly know that most people don't (800) 444-5504 the-door cost is going to be." The salesman's pay for the entire cost of the car in cash. (650) 652-1370 FAX congratulatory smile might become a little However, don't get drawn into negotiating Mon -Fri................9:00 AM - 4:30 PM strained at this point. That's because he based on your monthly payment. The knows what you are really asking. opening gambit from a salesman is usually, Honolulu "What do you want your monthly payment City Credit Union Center Translated, "What are my out-the-door to be?" Avoid this question by getting pre- 2200 Kamehameha Hwy, Suite 100 costs?" means "Are there any hidden fees approved financing. Then, you can proceed Honolulu, HI 96819 or extras in the contract?" It's much better as a cash buyer by carrying a check from your lender into the dealership with you. (808) 848-2828 to learn about these fees at this point, while (877) 333-9490 Toll Free the deal is still in flux, than when you are Negotiating solely on the price of the car is much simpler. (808) 848-2040 FAX in the finance and insurance office about to Mon - Fri................9:00 AM - 5:00 PM sign the contract. Getting pre-approved financing at Pacific Lunch Closed..........1:00 PM - 2:00 PM At some dealerships, the "out-the-door" Advantage FCU and strategic use of the costs are abbreviated as "TT&L" or tax, title out-the-door cost question will help you El Segundo and license. This means that, in addition to control the numbers in what is otherwise a 300 Continental Blvd. #622 the price of the car, you typically have to confusing process. El Segundo, CA 90245 pay the following costs: (310) 414-2075 2009 Copyright: www.edmunds.com (800) 351-3892 State and local sales tax (310) 414-2078 FAX Mon - Fri.................9:00 AM - 5:00 PM NEW AUTO LOAN SPECIAL Lunch Closed...........1:00 PM - 2:00 PM Wednesday...............2:00 PM to 5:00 PM 4% * RATES AS HOLIDAY SCHEDULE LOW AS Closed: Fri, July 3 Independence Day FREE GAP Mon, Sept 7 Labor Day INSURANCE FOR ANY APPROVED NEW AUTO LOAN OF $30,000 OR MORE! (*) APR = Annual Percentage Rates. Rates as of 4/1/09 and are subject to change at any time. Must meet credit and income criteria. Rate quoted is preferred rate based on a new www.pacadfcu.org car loan with a minumum of 700 FICO score and maximum term of 60 months. Higher APR will apply for lower FICO scores and longer term. Subject to credit approval and membership eligibility. Refinancing of PACADFCU Auto Loans not eligible. Sample Payment: $18.42 per $1,000 amount of financing at 60 months of new auto loan at 4.00%. Restrictions may apply. Interest accrues from date of funding. Offer expires August 31st, 2009.