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Show Wednesday, September 17,1997 Most can't pay more than $328 a month tor auto Use strategics to lower payments KAYSVILI R - Whir fir pi) mem threhulJ? Thil amount wont of money eueeJ enh your i. the you jut canl or month for a cir payment. Keeirther at CNW MarkciingRctcarih in BinJon, OK, ay the IhrevholJ for mint buyer i about $328 month. Your personal threkholj may be higher or lower. Maybe you have other priorities now and your threshold, even stretching your budget to the ma i more like $128 a month. FAC I A7 TODAY However, if you find ear payments are out of reach, peihap saving more for a down payment is your key to driving a ear you can afford, Kmmd, a longer loan term. It reduces your monthly payment but youll pay more overall for credit. And. even with a longer loan, you always have the option of paying more any momh youre able to. Just he sure youll pay no prepayment penalty (dealers may impose this penalty; credit unions seldom do). And ask about the "rule of 78s.M Lenders calculating loans this way make you pay more interest in the opening months of a loan, so if you pay off the loan Clover, Club employee Credit later in the term hut before maturiUnion recommend five way to ty. you wont get much of a break manage your monthly payment and on the financing. Third, home equity loan. explain how each will affect your These can he the least expensive pcrvonal finance. First, the down payment. It way to borrow but may take some afTccis the size of a monthly pay lime to set up. If you itemize men! and what youd otherwise deductions on your federal income cam by saving or investing the taxes, your aftcr-lainterest rate is money. Keep in mind that savings lower because you can deduct form part of your safety net against home equity loan interest. But unknown future financial chalremember there are up front costs lenges. In other words, just to obtain this type of loan. As with because you have money in savany mortgage loan, youre likely to ings doesnt mean you should put pay fees for an appraisal, title it toward a down payment. insurance, a title March, a credit x check, etc. Fourth, the rebate. Take the dealer rebate, if available, and add it to any down payment you already have, plus the money youll get by selling your car tuse the retail salue in your credit unions pricing guide) or by trading it in (ue the wholesale salue from the same guide). A higher down payment, no matter from what source or sources, reduces your monthly payment and total expense. Fifth, purchase price. This is the price you negotiate, not the manufacturers suggested retail price (MSRP). Use pricing guides available free at your credit union or public library, or e (for a fee), to determine a realistic starting place. Any one of these strategics will help reduee your borrowing expenses, but using a combination of them can really pay off. For help in calculating the best car payment strategy for your circumstances, call the staff at your local credit union. Utahs League of Credit Unions is comprised of 148 credit unions, including Clover Club, which represent over one million members throughout the slate. on-lin- wont Utahns buckle up? Why hhalrf Hansen Omint'uiM g U filer various errands, One hundred lives could have been saved last year in Utah, it the people lud been wearing seal belts, 01 die fatal car accidents in I lah, 75 perveni of die people were run wearing a seat bell. The Utah Safety Council wants everyone to he aware of what veal belts, air tugs, and miter restraint dev n cs c an do to present fatalities and serums injunes. Hie Counc il hoc to raise die seal bell usage rate in Utah, President Clinton is working on a hill to raise seal bell usage in die I lined States to W) percent by the year 2002. Utah also has a mandatory safety bell use law. Tin law "requires all duvers and front seat passengers to be buckled up when traveling in a motor vehicle." The law is a secondary law which means a person may he issued a citaiion only when the police officer has stopied the vehicle for another reason" (Utah Highway head, and many cuts on his head, Doug was M expected to survive live accident, so he was In Utah only 96 percent of drias an organ dome, but vers and front seal passengers thanks to tfve seat belt, be was me wore safety belts in IV)9, winch thrown from the car and his Me was well below the Rational usage was spared. After spending 3 1 rale of 68 percent days in die hospital. Doug now However, between I hi 2 and realizes the importance of seat lW3, more than 75.000 lives were belts and encourages his friends savev by safety belt. Buckling up and classmate to wear them. i so eay. and dunce are the Most of his close friends now wear seat hells, but Doug wishes simple task might save your life. Doug Ludingiuni life was his accident would have allected saved hy the simple act of htnk-Im- g even more people. His question to up on October 28, IV)3. The people who do mn buckle up is teen wa on his way home after "Why me?" There are many stories similar spending the evening with some friends, and he decided to lake an to Dougs. Life alter life has been old road and see how fast his car saved by seal belts. When asked could go. why he thinks people are not While accelerating, he glanceJ buckling up. Craig Allred. down and saw the speedometer Director of the Utah Highway reach 69 mph. hut when he looked Safely Office, speculated that hack up it was too late. He desmost people do not have a percepperately tried to get the car hack tion of the risk. He said. "We feel on the road, hut to no avail. The we are safe drivers, and we dont ear rolled and came to rest on live plan on getting in an accident. passenger side. His head went Many accidents occur dose to through the front windshield, he home, when people are just runreceived a large cut on his fore ning to live grocery store or miter Safely pamphlet). Vk hy not lake the few seconds necessary to buckle up, and possibly save your life? Over 30,000 sets of buying eyes will be seeing this page this week. 1 to Advertisers, please call reserve space in next weeks paper. 295-225- 17 Why. gorany where else?: Specialists in Automatic-Manua- l, Front Wheel Drive, Dverdrive7ST4x4s Nationwide Warranty on All Aepair Services I (7 FREE Towing with Repair 01 Financing Arranged OAC 298-328- 8 BOUNTIFUL 751 South 500 West SPORTS CAR IN YOUR FUTURE?: The BMW Z3, at $38,000, is most likely not a car that would fit most budgets. Experts say most can't pay more than $328 a month for auto payments. family 4 soft 1P H moutfi 7 98 Voyager Passengers, 2.2)'? umi Jeep. Eagle Eagle 98 Grand Cherokee 4X4, Loaded Air Conditioning, Stereo soft SL Automatic, Air, mo mo 24 month lease, payment excludes tax and licensing, 12 cap 36 month lease, payment excludes tax and licensing, 12 cap reduction, 12,000 mi.year, residual $10,944, OAC. reduction plus first payment and license document fee. 12,000 mi.year, residual $19,715 kVW V tot r: rij OAC. - Sahara WranglerHardtop, Cassette, Loaded Soundbar, r Air, r-m-o ;p-7- month lease, payment excludes tax and licensing, 12 cap reduction, 12,000 ml.year, residual $6,701, OAC. 36 month lease, payment excludes tax and licensing. 12 cap reduction plus first payment and license document fee, 15, OCX) mi.year, residual $15,291, OAC. Certified .UsediVehicles ' Utahs 33E Newest Chrysler Plymouth , Dealer OH RJCStE 190 North Main 298-265- 3 rg tXM QUIK Bountiful Wasatch Fronts 10 minutes North of Salt Lake City Only Dealer hii; Exit 318 .amr 2929 South Main 298-341- 7 t Bountiful 1 10 minutes North of Salt Lake 'City |