July 2009  :  www.fairwinds.org
Repair or Replace: When to Buy a New Car

Now, more than ever, consumers are holding on to their vehicles longer than they normally would have. But, as repair bills start to add up, when does it make sense to buy a new one?
Jim Adamczyk
Senior Vice President
Retail Lending

Jim Adamczyk, FAIRWINDS' Senior Vice President of Retail Lending, offers you tips and guidelines to help you make the right decision.
  • Figure out exactly how much your car is worth. The two main pricing guides are NADA and the Kelley Blue Book. Through these websites, you can enter the make, model, and condition of your vehicle to find an approximate value. Is the repair more than your car is worth? Will making the repair increase your resale value or is it an investment you are not likely to recoup?

  • Divide the cost of repairs by the number of months you plan to keep your car. For example, $3,000 in repairs over the next year equals $250 per month. Don’t forget to factor in any recommended maintenance, such as timing belts, to avoid additional expensive repairs down the road. Compare these costs to the cost of a monthly payment for a new car.

  • Ask yourself if your current vehicle meets your needs. Important factors such as safety, gas mileage, and reliability should be considered in choosing to keep your current car or replace it with a new or used vehicle.

  • Look into special offers and discounts through federal programs. Starting near the end of July, a new federal program called the Car Allowance Rebate System (CARS) can help you purchase a new, more fuel efficient vehicle when you trade in a less fuel efficient vehicle. Visit www.CARS.gov for the most current information about this program.

How can FAIRWINDS help? If you decide that purchasing a vehicle is the best choice for you, we offer low and competitive loan rates. Plus, you can earn a discount of up to 50 basis points simply by using your Relationship Rewards points. To apply for your FAIRWINDS auto loan, compare rates, or use our online calculators, click here.

Introducing the Business Debit Rewards Card

Access your FAIRWINDS business checking account in style with the new Business Debit Rewards card! Earn and redeem CU Rewards™ points for valuable merchandise and travel perks simply by using your signature for debit card purchases.

FAIRWINDS Business Debit Rewards Card Special Introductory Offer!*
Now through December 31, 2009, earn 1 point for every $1 spent when you use your signature (instead of PIN) for purchases.

Available with the Analysis and Business Simply Smarter checking accounts, the Business Debit Rewards card is a safe, secure, and convenient solution for your business.

How can you get your card today? Click here to learn more!

*Offer subject to change at any time. After December 31, you'll earn 1 point for every $3 spent when you use your signature for purchases. Qualifying purchases for CU Rewards™ points include transactions made without using a Personal Identification Number (PIN).

Invest In America

Your Ticket to Broadway!

Broadway Across America-Orlando
FAIRWINDS is excited to announce our new partnership with Broadway Across America - Orlando!

Through this partnership, FAIRWINDS members will enjoy exclusive offers and advance tickets sales for the 2009 – 2010 season at the Bob Carr Performing Arts Center. Be on the lookout for special email invitations and announcements throughout the season.

Click here to see what Broadway hits will be coming to Orlando this year!

Last Chance for the Hollywood Sweepstakes!

Time is running out!

Now through July 24, every time you use your signature for debit card purchases, you'll be entered into a drawing for a chance to win a Hollywood grand prize!

Simply choose "credit" when using your FAIRWINDS debit card. The more you use your signature, the more chances you have to win!

Remember... your autograph is your chance to win!
  Benefits of Using Your Signature
  • Peace of Mind. By signing for debit card purchases, you are protected from unauthorized charges with VISA's® Zero Liability Policy. Visit www.visa.com/security for more details.
  • Convenience. Your VISA® debit card is welcome anywhere VISA is accepted at over 28 million locations.
  • Maximum Authorization. Enjoy higher daily purchase limits than you would using PIN transactions.
Click here for more details and to view the official rules.

Budgeting 101

Budgeting 101 Seminar Thursday, July 23

    FAIRWINDS Corporate Center
    3087 N. Alafaya Trail
    Orlando, FL 32826
    6:30 p.m. - 8:30 p.m.

Looking for tips to create and maintain a regular budget? Please join us at this free member seminar as Jim Adamczyk, Senior Vice President of Retail Lending for FAIRWINDS Credit Union, shares his expertise and strategies for creating and sticking to a budget.

Seminar topics will include: how to create a monthly budget, how to incorporate regular expenses, strategies for regularly tracking your budget, and more.

Click here to reserve your seat today.

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