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Two things to watch out for!

1. An employee took his car to a local “Big Time” auto tire store. He asked that they mount his snow tires on his existing rims. They told him “it is federal law that we put in pressure sensors ($80 apiece).” He left.

2. I took an older trade-in to a local “quick”-oil change place and was told “this car must have synthetic oil as called for by the manufacturer ($8.00 quarts).” I left.

Do not fall for these ploys. We at Auto Solution are finding more issues, or at least as many, in service centers as in sales departments. Some businesses will sell you whatever you will buy, so pay attention. If you feel uncomfortable, leave.

By the way, you do not need to add tire sensors unless you want them. And use whatever oil you want.

As a dealer, we have to put sensors in tires that had them originally (in Oregon), but you as an owner can do whatever you want. Your car, your choice.

Please let us know if there is anything we can help you with and visit our website for an ever-changing group of trade-ins and CU repossessions.

Thanks,
Mark Loebner

Want to know which cars are stolen most in the U.S.?

Here ya go…

(By the way if you want Lo-Jack for your current car, just call at 800-207-2429 or email and we’ll take care of it for you.)

(from Auto Remarketing | Japanese Models Fill LoJack’s Third Annual Vehicle Theft Recovery Report)

Japanese Models Fill LoJack’s Third Annual Vehicle Theft Recovery Report LoJack Corp. released its third annual vehicle theft recovery report today, highlighting results from its 2011 recoveries.

Officials tabulated that their system helped U.S. law enforcement recover 10,261 stolen vehicles as Hondas topped the list of imports recovered with the Accord ranking as LoJack’s most stolen and recovered vehicle.

The company indicated the Cadillac Escalade was the most recovered domestic vehicle.

LoJack’s 2011 vehicle theft recovery report also showed the most stolen and recovered vehicles by make model with the 2010 ranking in parentheses:

  1. Honda Accord (1)
  2. Toyota Camry (3)
  3. Honda Civic (2)
  4. Acura Integra (4)
  5. Toyota Corolla (6)
  6. Nissan Altima (8)
  7. Nissan Maxima (9)
  8. Cadillac Escalade (5)
  9. Chevrolet Tahoe (10)
  10. Ford F-250 (not ranked)

The following list includes the top five stolen vehicles that were recovered and are five years old or newer. Officials noted some of these vehicles are equipped with tracking devices that utilize GPS and cellular technology. The 2010 ranking is in parentheses:

  1. 2007 Toyota Camry (1)
  2. 2010 Toyota Corolla (not ranked)
  3. 2007 Cadillac Escalade (4)
  4. 2009 Toyota Camry (2)
  5. 2007 Toyota Corolla (not ranked)

LoJack’s report also carved out the most stolen and recovered vehicles from the 2011 model year:

  1. Toyota Camry
  2. Mercedes-Benz C300
  3. Ford F-350 Series
  4. Honda Civic
  5. Toyota Corolla

Furthermore, the company highlighted the states with the most stolen and recovered vehicles with the 2010 ranking in parentheses:

  1. California (1)
  2. Texas (2)
  3. Florida (3)
  4. New York (4)
  5. New Jersey (6)
  6. Massachusetts (5)
  7. Maryland (8)
  8. Arizona (7)
  9. Georgia (9)
  10. Nevada (10)

Officials also mentioned a few other interesting recovery facts from their 2011 report:

  • Oldest stolen vehicle recovered: 1948 Chevy Fleetline.
  • Most expensive stolen vehicle recovered: 2010 Mercedes-Benz S63 AM worth approximately $116,825.
  • First recovery of the year: 2008 Nissan Altima on Jan. 1 at 2:20 a.m.
  • Last recovery of the year: 1995 Honda Accord on Dec. 31 at 11:19 p.m.
  • Percentage increase of stolen hybrids recovered in 2011 versus 2010: 19 percent.
  • Average NADA value of stolen and recovered vehicles: $11,850.
  • Most common colors: white, silver, black, gray and blue.

While the FBI’s latest Uniform Crime Report indicated that the national recovery rate of stolen vehicles has hit a 25-year low of 56 percent, officials pointed out more than 90 percent of LoJack-equipped vehicles that were reported stolen in 2011 were recovered.

The company believes LoJack’s radio frequency technology — which unlike GPS technology can find assets even if they’re hidden in concrete buildings like garages, in dense foliage or in steel containers such as those used in shipping — its direct integration with law enforcement, and its covert installation all enable the device to consistently deliver such a high recovery success rate.

According to Lou Koven, retired auto theft detective with the Los Angeles Police Department and member of the International Association of Auto Theft Investigators stated, “No technology is as good as LoJack’s for recovering stolen vehicles. Every other one can be disengaged or has some flaw.”

More details about the system can be found at www.lojack.com.

Happy 4th of July!

There are still a lot of things to be happy for–your 401K notwithstanding.
The car business is less than perfect as you may guess and Credit Unions want to loan money for new & used autos, so we at Auto Solution are humming right along.

Here are a couple car facts of interest:

1.  Latest JD Power Quality Ratings

  1. Porsche (who cares?)
  2. Acura (interesting)
  3. Mercedes (who can afford it?)
  4. Lexus (ditto)
  5. Ford (real cars for real people)
  6. Honda (real cars for real people)

That’s a good sign.  Did anyone see Toyota in the top 6?

2.  Buying a 2010 BMW 6 series M5? (I hope not)
But if you are, there is up to $12,500 dealer incentive money–make sure they share!

3. Only in America.  Well, maybe not.
Nissan has 14,000 orders for its new electric car, the Leaf.
Let’s see, an electric car.  You have to install a home charging system for $3,000.  It gets an advertised 100 miles on a charge (No air conditioning and averaging 38 mph with no stops etc etc) and hasn’t even been priced yet, let alone have a proven track record, and there are 14,000 U.S. orders?  Wow, Leaf it alone!  That’s all I can say.

Again Happy 4th of July– & keep your eye on our site www.cu-autosolution.com for hot repossessions from NW Credit Unions.

Big Headline in Automotive News and the Wall Street Journal: “Drought Ends: Average Joe Can Get a Car Loan”

What?  What drought?  Has the media not learned of Credit Unions? Credit Unions never ran out of money or cut back on consumer loans. Want to borrow money for a new or used car?  Call your Credit Union!!!

Here is something new–A shortage of “American Cars”.  We’ve noticed lately a real dearth of some Chevrolet and Ford models.  A turnaround from the old days and sort of nice.

And speaking of Ford, they are offering dealers free F&I (Finance & Insurance) training to part you with your money when you buy from them.  Use Auto Solution & your Credit Union.

Lastly, we are remarketing an ever-increasing number of Credit Union repossessions from our Credit Union partners.  These can be a good way to get a lot of car for a very good price. Visit our site at www.cu-autosolution.com for some good buys.

Well… here is a surprise

From the September 14th issue of Automotive News, “Clunker Shoppers Didn’t Play Hardball; Margins Soared.” The article states that (surprise, surprise) dealers took full advantage of cash for clunkers customers by selling new cars for far more money than they had previously been selling for.  The article continues “Consumers did not understand that the cash for clunkers program rebate should be a starting point, not a conclusion.”  No Duhh!

Tru-Car, a firm that tracks vehicle pricing says “Average margins at Kia stores went from 2.4% before the program to 5.1%.  The firm says “Consumers left an average of $2,868 on the table for Mitsubishi, $2,500 for Toyota Prius, and $1974 for Mazda 3.”  Oh yes and $3,810 on overage for Nissan Murano.

And! These figures do NOT include what happened in the finance (remember F&I?) office.

That, folks, is why Credit Unions and their members need Auto Solution.  If your Credit Union does not offer Auto Solution, do them a favor–let them or us know.

Notice from Government regarding Cash for Clunkers

Contingent Deals

Generally

A dealer has demanded that I sign an agreement that requires me to pay the dealer $4500 [or $3500] if the dealer’s credit application is rejected. Am I required to agree to this?

No.To participate in the CARS program, you do not have to sign an agreement to pay back the dealer the CARS credit amount if the deal is rejected.

The dealer says that I should take my trade-in car home after I sign the purchase agreement for a new car under the CARS Program, and that I can pick up my new car after the dealer is paid by the government. Can I do this?

No. The dealer must take possession of your trade-in vehicle in order to submit a credit for reimbursement under the CARS Program. You may not keep possession of your old car.

Specifically

A dealer has demanded that I sign an agreement that requires me to pay the dealer if the credit application is rejected because I submit incorrect information regarding my name, residence address, driver’s license number, or the title to my trade-in car. Am I required to agree to this?

No. However, be aware that to participate in the CARS program you must certify under penalty of law that all information you provide is true. If your CARS program credit is denied because of a false statement made by you, the dealer may take action to recover the money or vehicle regardless of whether you sign such an agreement.

A dealer has demanded that I leave a signed check or credit card authorization in the CARS credit amount ($4500 or $3500) that he will return to me if the credit application is approved, but keep if the credit application is rejected. Is the dealer allowed to do this?

No. The dealer must reduce the price of the new vehicle by the credit amount. If a dealer has a check or credit card authorization given by you at the time of the sale, the dealer has not actually reduced the price as required by the CARS program. Please contact NHTSA immediately and take your trade-in to another dealer if a dealer requires this.

A dealer said he will wait to extend me the CARS program credit amount until after the dealer gets the money from the government. Is the dealer allowed to do this?

No. The dealer must certify in its application for reimbursement that the dealer has already reduced the price of the new vehicle in the amount of the CARS program credit it requests.

A dealer has included in the purchase agreement a requirement that I return the new car or pay the dealer the amount of the CARS program credit if the credit application is rejected. Do I have to sign this in order to participate in the CARS Program?

No. You are not required to sign an agreement like this to participate in the CARS Program. However, you may agree to such a term, but your choice to agree is between you and the dealer.

The dealer has told me that I cannot take my new car home and that I have to wait until the CARS credit application is approved before I can take possession of my new car. Can the dealer do this?

No. If the dealer has the new car, the dealer must allow you to take possession of the car before the dealer may submit the CARS credit application to the government. Please report any dealer to NHTSA that does not allow you take possession of a new car purchased under the CARS Program.

OK – Time for some Clunker Information

#1  Overhead in a dealership
“No, during the Cash for Clunkers program, we do not negotiate off the sticker price.  You are being allowed $4500 on your clunker.  Isn’t that enough?”

Answer! No, that’s not enough.  “Clunkers” has nothing to do with the cost of the new vehicle.
Auto Solution gets the new car close to invoice and you’ll get the government’s “clunker” money.
Do not let dealerships charge too much because you’re in the Clunker program.

#2  Yesterday a member called
..and purchased a new Subaru–on the Clunker program.  Well guess what, when we saw the trade-in “Clunker,” it was not a clunker at all.  We took it in trade instead and netted her more money.

–Pay Attention–
If your trade is worth more than $4500, get Trade-In value, not “Clunker Cash.”

This program may seem simple, but there are pitfalls.

  1. Don’t overpay for the new car.
  2. Don’t let a dealer “steal your trade.”  You may think the government is your friend, but is your car dealer your friend too?

Questions?  Go to our website (home page) or call one of our consultants in Oregon (800-207-2429) or Washington (800-935-2886)

OK-I’m Back…

GM Bankrupcy!
Bout time!  Never seen anything so dysfunctional, but it’ll get worse with the Government involved.  Buy a GM car now?  You bet–they have some great models and the prices now can’t be beaten–Call us–

Oh yeah, if your new GM vehicle needs warranty work, Nancy Pelosi will personally come out in designer coveralls and take care of any problem.

Ditto Chrysler
The car landscape is sure changing.  Auto Solution has gone from 70-75% new vehicle to 70-75% used.

And speaking of used, you should be in constant touch with our website, www.cu-autosolution.com as we sell a good number of repossessions for Credit Unions and some are an excellent buy.

And last but not least.  Seems that leasing is trying to make a comeback.  One word of advice–Don’t lease (ok 2 words).  Credit Unions have money to lend.  It’s the best way to go.  Leasing is the worst.  No matter what the car salesman says.

And now the good news…

Auto Solution is doing great!
It is tough, today, as you know if you turn on any news broadcast (Doom & gloom)
But if you do things right it’s not so bad.

Read the paper (woe is me)…no financing is available. Really? Call Auto Solution, we’ll hook you up with hundreds of Credit Unions who want to loan qualified buyers money–not just for cars either!

Listen to the news (we’re Done)… dealerships closing. True. There were too many and a bunch who should have been gone long ago.

The truth–This is a hard time for a lot of people, but the sky is not falling. People are still doing business (we had our 2nd best January ever!). Cheer up!!

Customer Service is what is called for. The bottom line takes care of itself. We’ve been selling service, not cars, for years and it pays off.

And as an added bonus to customers, Auto Solution sells a limited number of Repossessions direct to Credit Union members. Credit Unions use us to market select repossessions for them. It’s a win-win. The Credit Union gets a greater return than by auctioning the vehicle and the Credit Union member (that’s you) gets a great deal.

Go to our website www.cu-autosolution.com and click on Repossessions.

Credit Union executives can email mark@cu-autosolution.com for more info.

And remember, despite what CNN & NBC say, the sky is not falling.

Now might be the time to buy…

Well, well.
Seems our elected officials have opted for the $700 billion bailout. I should have failed in business. Would have been more profitable in the long run.

But enough of that. At least your money is safe–if it’s in a Credit Union.

Cars, oh yeah–
Guess what? The dealers with the multi-million dollar inventories are starting to call. Subarus below invoice. Used cars below wholesale, etc, etc. Not a bad time to buy if you’re looking.

Let’s talk hybrids. The straight scoop is they don’t save you money. In the true “cost to own” derby from Edmunds the Prius comes in 34th.  Why? Currently there is a Prius shortage, so the price is artificially high.

Next is gas prices and consumption. How many miles do you have to drive to make up the $4000(+-) premium for the hybrid? The answer is lots–

Go to http://www.edmunds.com/calculators/gas-guzzler.html to see if you are really going to save money.

I’m not anti-hybrid, I am pro-green (green as in money)–spend yours wisely.

Remember Auto Solution and your Credit Union will save you money on the purchase and financing of your next vehicle.

And just to lighten it up a little, here are the top 10 ways to tell if you need a new car:
     10. Your passenger seat is on the National Register of Historic Places.
     9. Instead of an air bag, there is a whoopee cushion taped to your steering wheel.
     8. You lose the stoplight challenge to a 14 year old on a moped.
     7. 15 Minute Jiffy Lube needs to keep your car for 3 days.
     6. When you gas up, the attendant asks, “Can I re-duct tape that windshield for you?”
     5. Thieves repeatedly break in your car just to steal “The Club.”
     4. While sitting at a stop light, people keep running up to you and asking if anyone was hurt in that  wreck.
     3. For the last five years, you’ve had to settle for making “vroom, vroom” noises while in the driveway.
     2. You keep losing dates on left turns.
     1. Traffic reporters start referring to you by name when discussing morning tie-ups.