MoneyWisdom Blog

Once you know the basics of buying vs. leasing, you’ll probably prefer one over the other. Maybe you like the feeling of ownership that a loan offers you. Or maybe you prefer a new car every couple years, in which case a lease is just the ticket.

There’s a lot of misinformation about car leasing that floats around, so don’t take your neighbor’s or your cousin’s word for it. Get the facts from a reliable source.

Here are three common misconceptions:

Our Money Market and Higher Yield Savings accounts are both great savings vehicles when you're looking for a no-risk return on your money. Your funds at Hanscom FCU are federally insured up to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the federal government. The following chart can help you understand how these accounts differ from each other so you can make the best decision for your finances.

Love your car but hate your payment? Here's a secret that banks and car dealers don't want you to know ... you can refinance your vehicle loan and save.

Don’t let the cost of new wheels drive you crazy! You don’t have to burn money when you burn rubber. If you’re in the market for new tires, take these nine money-saving tips for a spin.

Do you lease a vehicle or know someone who does? We’ll go out on a limb and say you chose this option for low monthly payments on a better make and model that you could otherwise afford.

Whether you've already started the car buying process or are just beginning, you're probably wondering whether to buy or lease a new or used car.

One of my coworkers at the credit union recently forwarded me a news clip about a single mother whose car caught on fire. The young mother was stunned when she learned that although the car was totaled by her insurance company, she still owed $5,000 on the loan she'd taken out to buy the car. On top of this stress, she needed a new car to replace the one that had been totaled. You can see the news clip here.

Yes! And it can save you a lot of money each month – and over the life of your loan.