Should You Buy a Rental Car?

June 24, 2020 by First Federal Bank

If you’re in the market for a used vehicle, you can choose to purchase a former rental car or a privately-owned car. Buying a rental car has its own set of positives and negatives that are worth thinking about before going car shopping.The latest featuresRental car companies tend to have fleets comprised of newer vehicles to attract customers....

Topics: Saving Money, Auto Lending

4 Common Auto Loan Mistakes

October 22, 2019 by First Federal Bank

Purchasing a new car is an exciting and tumultuous experience. It’s easy to feel overwhelmed as you go through the process of choosing your new vehicle and applying for a loan that won’t leave you in the red as you pay it off. Thankfully, there are a few easily-avoided pitfalls that can save you money and stress.

Topics: Saving Money, Vehicles, Auto Lending, Personal Lending

Is Now the Right Time to Buy a Hybrid?

September 09, 2019 by First Federal Bank

Are you looking to cut down your gasoline budget? Modern hybrids offer excellent fuel efficiency alongside space, style and luxurious amenities. However, it’s important to understand a few key differences between traditional vehicles and their electrified counterparts. Here’s a look at five factors to consider before you sign on the dotted line...

Topics: Saving Money, Environment, Vehicles, Auto Lending