RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

How to Save Money on That New Vehicle

December 20, 2016 2:39 am

On the wishlist for many of us is a shiny new car. However, three out of four U.S. consumers believe that new vehicles are unaffordable. This is not necessarily true. Below are four money-saving tips that can help you snag that new vehicle, courtesy of Requisite Press.

Obtain preapproved financing. Financing costs can add thousands of dollars to a vehicle purchase. Car buyers can ensure a competitive financing environment and avoid unnecessary costs by obtaining a preapproved loan from their bank or credit union.

Sell a trade-in separately. When a purchase is combined with a trade-in, a seemingly great price quote may be offset by a mediocre trade-in offer. Separating the transactions ensures that the price quote can be easily compared to quotes from competing dealers.

Avoid add-ons. Add-ons, such as a vehicle service contract, are costly and rarely make financial sense. Consumers are better served by using savings to pay for both planned and unplanned maintenance.

Obtain a market price. There are internet prices, "fair" prices, and better than the neighbor's price prices—all higher than the market price. The best price—a market price—is obtained through robust competition. This can be efficiently achieved with negotiation-free car buying.

Source: http://www.requisitepress.com/ABAI

Published with permission from RISMedia.


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Will Renters Pay More For An Energy Efficient Pad?

December 15, 2016 12:39 am

You might think that renters across the U.S. would be most concerned about making their monthly rent payments. But we were surprised to learn that more of today's renters are worried about their utility bills than their rent.

The latest Freddie Mac research shows more renters are worried about rising utility bills than rising rents, and nearly half of the renters surveyed say they are willing to pay more for rentals with cost-saving water and energy features.

A large majority (88 percent) agreed multifamily properties with green energy, and water-saving features would help reduce their utility bills, with 84 percent saying green properties are generally better places to live.
Nearly half (47 percent) say they are willing to pay more for an environmentally-friendly rental. Renters in the South (52 percent) and West (49 percent) were more likely to say they would pay more than those in the Midwest (39 percent) or Northeast (44 percent).

David Brickman, executive vice president and head of Freddie Mac's Multifamily business says it is striking that so many are apparently willing to pay more for properties with features they believe will reduce their utility bills.

Other significant findings from Freddie Mac's new research show:
  • Most renters say the rental experience is satisfying and affordable.
  • More than half expect to rent their new home.
  • Down Payments are ranked below other savings goals.
  • Concern about household finances is rising.
By generation, Gen-Xers' showed the biggest increase in concern about household financial situations over the past year (53 percent to 70 percent), followed by Millennials (64 percent to 68 percent) and Baby Boomers (61 percent to 62 percent).

Overall, the percentage of renters who say they have enough money to go beyond each payday fell from 41 percent to 34 percent over the past year. The percentage of renters who say they either live payday to payday, or don't have enough for basics between paychecks, rose from 59 percent to 66 percent.

Published with permission from RISMedia.


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