AUTONET TV

Keys to Long Lasting Vehicle

New cars cost so much these days. Add financing and insurance and, well a new vehicle may not seem so attractive. A lot of Folsom, California people are hoping to make their cars last a lot longer.

The good news is that with the current state of automotive engineering and manufacture, there’s no reason a modern vehicle can’t be made to last for a 150,000 miles or more.

There is an old saying that says, 'a stitch in time saves nine' and that is really true when it comes to taking care of your car. A great example is coolant service.

Over time, coolant becomes corrosive and actually starts to damage your radiator and other parts. That’s why you need to have your cooling system serviced on a regular schedule.

The same is true for your power steering system, brake fluid, air conditioning system, differential and transmission. And your oil changes should be done right on schedule to avoid the build up of harmful oil sludge.

Don't let your brake pads go too long before they are worn to the point that they cause damage to rotors. Preventive maintenance is a great way to keep your operating costs down.

Replacing belts and hoses is much cheaper than repairing the damage that can be caused by failure.

Now this is a lot to remember. Folsom AutoTech can keep on top of this stuff. We can tell you what your manufacturer recommends and help you with a plan to take care of it.

Bottom line – take care of this stuff on schedule and you will reduce operating costs, prevent costly damage and maintain your warranty coverage. Call Folsom AutoTech today for an appointment; you can reach us at (916) 985-0274.

Take good care of your car, and it’ll take good care of you.

Folsom AutoTech
Give us a call today at (916) 985-0274.
Or stop by at 1126 A Sibley St, Folsom, California 95630

Lease verses Buy

Lease? Or buy? It's always a tough question for residents in the El Dorado Hills area. But here are a few ideas that'll make the choice more clear.

Either option gives you a choice of how you might finance your car. If you buy, you'll pay the full cost of the car, with maybe an initial down payment, then monthly payments on the balance that pays down the loan principal, and the finance charge.

If you lease, you're financing the portion of the cost of the car that's used up during the term of the lease. When the lease is up, you return the car to your local El Dorado Hills area dealership. You'll pay some money upfront; fees, security deposit, first month's payment and maybe a capital reduction. The month payments include a depreciation cost and a finance charge.

So how do you decide?

First, how big a down payment can you make? A lease would require a smaller down.

How much monthly payment can you afford? Again, lease payments will be much lower for any given down payment.

A lease needs you to have better credit, so that's a factor.

How long will you keep the car? If you tend to keep your cars around for a while, buying is cheaper. But just two or three years? Then leasing is the way to go.

Folsom AutoTech
1126 A Sibley St
Folsom, California 95630
(916) 985-0274

If your car might suffer a ding or two, like, say a work truck would, then buying's better. The leasing company will want their merchandise back at the lease end in tip top shape, and if repairs are needed, you'll pay.

How many miles do you drive in and around the El Dorado Hills area? Important to consider because leases have a mileage limit, and if you go over, you pay a hefty charge per mile when the lease is up. So high mileage means a buy.

Will the car be used for business? Check with your accountant, but both financing options have different tax benefits, depending on your circumstances.

Over the short term, leasing is much cheaper. Medium term, leasing and buying costs are about the same. Over the long haul, leasing is always costs more.

Leases may sound a bit complicated, and the typical lease decision weighs more on the monthly payment, rather than price. So sometimes leasers may pay on a higher purchase price than a buyer would.

Here is a tip: If a salesman asks if you'll be leasing or buying, say you're not sure yet. Make your best deal, then look at financing options.

Here's another: With a buy or a lease, if you total the car, you'll owe the full amount of the loan, or the balance of the lease payments, and usually, it's less than the car's fair market value – and that's all your insurance company will pay. But ask your agent about gap insurance, which pays the difference between fair market value and what you owe. Big consideration for a lease.

Remember, you have to return your leased vehicle in excellent condition, and may need to do all manufacturer's recommended service and maintenance, or face penalties. So see your local El Dorado Hills service center on a regular basis, get the required work done and save the service records. It's well worth it.