SUMMER FUN AT BCU!
Moola Club Party 2017
Great fun was had by all who attended Moola’s Summer Birthday Bowling party! Bowling, pizza, the Knee Nickel Relay and a craft brought excitement, laughter and enjoyment for the Moola Club attendees. Moola Moola says he can’t wait for next year’s party! BCU’s Moola club is comprised of children 0-12 year olds, and is designed to encourage kids to understand the value of money, and saving and spending it appropriately! Club Members are rewarded for deposits with “Moola Bucks” which can be spent on a special grouping of prizes at the Credit Union. The Club is open to any child who is interested, but he or she must have a primary savings account in his or her name, and enroll.
The Lease is Up--Should You Buy the Car?
Your auto lease gives you a right to buy the vehicle for a fixed price at the end of the lease. But should you? If you have less than three months remaining on a lease, now's the time to decide. So, find your lease and read on.
- Do you like the car? If it's performed well with a minimum of unexpected cost and repair, then it might be good to renew the lease.
- Will it still fit your needs? If you're driving a 2-door sports coupe but are expecting a baby, you probably need a new car.
- What is your lease-end buying price? You'll find the purchase option price in your lease. Let's assume it's $14,000.
- What is your vehicle actually worth? Check websites such as Kelley Blue Book (kbb.com) and Edmunds.com Let's assume your highest wholesale value is $15,000.
- How does your vehicle's wholesale value compare with its lease value? If it's higher than the lease value, then it's a good deal. In our example, your lease says you can buy for $14,000. You've confirmed wholesale value is $15,000. You're buying a car you know and like for $1,000 less than its wholesale value. Buy the car.
- What if the wholesale value is less than the lease value? If it's a lot less, don't buy the car. It doesn't make sense to buy the car if your lease's buy-out price is $14,000, and the car's wholesale value is only $11,000.
- What's the bottom line? If your lease car is a good friend, and you can buy it for no more than $1,000 over wholesale value, that's a smart buy. Your next smart decision is to finance it at Brokaw Credit Union
300 Everest Ave
PO Box 151
Brokaw, WI 54417
M, T, Th 9:00-4:00
Closed Wed and Sat
M, T, Th 8:30-4:30
Closed Wed and Sat
2006 Schofield Ave
PO Box 199
Weston, WI 54476
8:30 am to 4:30 pm
8:30 am to 5:30 pm
7:30 am to 5:00 pm
Tues, Wed, Thurs
8:30 am to 5:00 pm
7:30 am to 5:30 pm
9:00 am to 12:00 noon