Money Connection Spring 2021

2 2021 Annual Meeting Update SimpliSafe & IdentityIQProtection 3 2021 Board Elections 4 What’s Up at CCCU? MONEY CONNECTION Coca-Cola Credit Union Quarterly Member Newsletter | Spring 2021 BUYING A CAR DURING COVID-19 The COVID-19 pandemic doesn’t have to impact purchasing your next car. Auto dealers have been offering a host of incentives to keep car buyers coming through their doors (six feet apart, of course). While there are new precautions to take these days, smart car shopping is the same no matter what the world is experiencing. The tips below can help you make your purchase quickly and easily, while limiting your exposure to others during the process. Determine Your Budget Whether purchasing a new or used car, determining your budget is your first step. Try using an online calculator to help you nail down a purchase price based on your down payment or trade-in value, your assumed interest rate, the monthly payment you can comfortably afford, and how long you take to pay off the loan. Get Pre-Approved Even if you plan to take advantage of special COVID-19 dealer financing, it doesn’t hurt to have a pre-approval in hand for price negotiations. Quite often, the dealer’s offer comes with strings attached in the form of exclusions on certain models and limits on the loan term or credit profile. If your credit is not the best, don’t expect to get the “as low as” rate discount being advertised. That’s why it’s helpful to work out the numbers ahead of time and come with your own financing. Get your loan pre-approved by logging on to so you can know how much your car budget will allow. Let Our Car Buying Service Do the Shopping for You Eliminate the hassle of shopping for your vehicle and save time and money by using the CU Car Buying Service. Once you know what kind of vehicle you want, contact our Car Buying Service representative to do the shopping for you. This pandemic has led to historically low interest rates and a significantly down economy (which means consumers are spending less nationwide), so nearly every dealer is offering some type of discount on late model cars, or a payment incentive through their financing arms. Keeping that in mind, our knowledgeable and experienced Car Buying Service representative will even negotiate on your behalf, passing along all rebates offered by the dealer. They will even arrange for your test drive, and have your new vehicle delivered straight to your door. Overall, it’s a haggle-free way to buy a car that allows you to stay safely at home. Whether new or used, buying a car is never easy. But being stuck at home could give you extra time to research as you decide on what you want. Just let our Car Buying Service representative know the model, color and options you want, and let them do the rest so you can drive away happy in your new car. For Car buying assistance, call 404-515-2689 or email . To get quick pre-approval on your auto loan, visit or call 404-676-2586 .