McCarthy's SHIFT - VOL 1 - ISSUE 1 - December 2015

MCCARTHY’S TOP 10REASONS TO SELL YOUR CAR WITH US

VEHICLE CONSIGNMENTHOW DOES IT WORK

FAMILY CARE NETWORKCHARITY SPOTLIGHT

SHIFT | 805 544 1900 | www.mccarthyslo.com | 43 Higuera Street, San Lis Obispo, CA

DECEMBER 2015ISSUE 1 VOLUME 1

McCarthy’s 43 Higuera Street

San Luis Obispo, CA 93401

(805) 544-1900

[email protected]

STAFFCONTENT

4 How Does Consignment Work?

Cody’s Credit Corner

8 Events

6 Driving Right Side Up

7 Charity Spotlight

Marcus [email protected]

Rusty [email protected]

Chris [email protected]

Mike [email protected]

Cody [email protected]

Rick [email protected]

Steve [email protected]

Tommy [email protected]

McCarthy’sTop 10Reasons you should consider using McCarthy’s to sell your vehicle.

• Fast, Confidential Appraisals

• Quick process- only takes about 30 minutes

• You get paid on the spot

• No internet scams or payment schemes

• No strangers coming to your door

• We take care of all of the DMV paperwork

• We can handle your loan payoff

• No obligation to buy anything

• Convenient location and hours

• Over 30 years doing business in SLO County

WORDSEARCH

BUMPER

GAS

IGNITION

SEAT

TRUNK

CONVERTIBLE

HOOD

PEDAL

TIRES

WHEELS

DRIVE

HORN

ROOF

TRANSMISSION

WINDSHIELD

4 SHIFT | 805 544 1900 | www.mccarthyslo.com | 43 Higuera Street, San Luis Obispo, CA

HOW DOES CONSIGNMENT

WORK?

You can get more for your car with consignment. We charge a very low

consignment fee to offset our advertising costs. This fee will market your vehicle worldwide for 90 days. Every vehicle is set with a ‘reserve’ price to match the current market value.

After we sell your car, you are guaranteed to get that reserve amount, unless you authorize us to lower it. Your vehicle is available for display in our showroom or on our secure lot. Your title stays securely with you. We only

need a copy of the title to ensure ownership, you keep the original at home with you until the vehicle sells.

What To Expect When You Bring In Your Car:

• We will inspect your vehicle to ensure it meets our quality standards

• After doing some research, we will give you a current market value for your vehicle

• We will take a copy of your title

• We will take a copy of the registered owner’s Drivers License

• We will ensure the VIN on the vehicle matches the one on the title

• You will remove any personal possessions from the vehicle

• Provide us with detailed information on your vehicle

• Sign consignment contracts and other necessary paperwork

• We will get the vehicle posted on our website and the other websites within a few days

5

SHIFT | Issue 1 | Aug 2015

SHIFT | 805 544 1900 | www.mccarthyslo.com | 43 Higuera Street, San Luis Obispo, CA

Getting Your Vehicle Trade-In Ready

If you are looking to trade in your car, you’ve come to the right place! At McCarthy’s, we provide a hassle-free way to sell your car without the frustration of selling a vehicle yourself. The process for selling us your car takes about 30 minutes. We do all of the DMV paperwork for you! Work with someone you can trust, McCarthy’s has been in business in San Luis Obispo County since 1979.

• Research the market value of your vehicle

• You must be the registered owner on the title

• Make sure the VIN on the vehicle matches the VIN on the title

• Bring all information you have on the vehicle, including all mechanical, history and restoration information

When Your Vehicle Sells:

• Once payment has cleared from the buyer, we will contact you and have you bring in your title

• We will exchange with you your title for a check

• The deal is done. You go home with the funds and we take care of all of the DMV paperwork and everything else

A lot of people may find the themselves driving upside

down. Not physically, of course, but financially. The average transaction price of a new vehicle is over $33,000 and in order to afford the monthly payment, more and more people are financing these cars for seven, even eight, years.

The result is they are finding themselves with negative equity for

sometimes over 5 years, unable to

trade or sell the vehicle because of it.

Even with low rates, maybe it is in your

best interest to consider a late model

used car. Melinda Zabritsky, senior

director of automotive finance for

Experian Automotive Credit Agency,

suggests a different tack: “You can get

some fantastic pricing on late model

used cars.”

The average price of a used car is just over $18,000, with many current year rental returns priced thousands less that that. With interest rates so low, you could finance virtually the same car for the same payment with a contract that obligates you for years less. Why go 84 months when you could finance your vehicle for 60 or 48 months, giving you more options in a much shorter amount of time? Might be something to consider!

DRIVINGRIGHT SIDE UP

By Cody Akers—Finance & Insurance Manager

One of the questions I get asked the most is “how come my credit

score has gone down?” There is no one thing that causes this to happen, and the credit reporting agencies all have their own formulas and algorithms for computing the number, but there are some events that traditionally will negatively effect your score.

Revolving Balances One of the sections of your credit report is entitled “Revolving Accounts”, which are credit cards or credit lines that allow you to pay monthly payments that are not fixed. You can choose to pay a minimum amount or as much as the entire balance each month. You have a limit for each credit account. For example, you may have a total limit of $10,000 for all these revolving accounts.

If you have charged up $5000, then you would have $5000, or 50%, still available. That “percentage available” is a key factor in determining your credit score. People with high credit scores most often will have over 80% still available. This is why it is better to keep credit cards/lines open but at zero or low balances so that you have more remaining availability. This shows the banks you have restraint in using available credit.

CODY’S CREDIT CORNER


In the agency’s 25+ year history, our programs have grown to serve over 1,400 children, youth and families annually in San Luis Obispo and Santa Barbara counties.

The Family Care Network provides 17 distinct programs within five service divisions:

• Therapeutic Foster Care;

• Family Support Services;

• Transitional Housing Services;

• Prevention and Early Intervention Services; and Community-Linked Services.

• Community-Linked Services.

CHARITYSPOTLIGHT

Recent Late Payments Accounts that have gone past 30 days late without required payment will show up as a late payment on your credit report. Many people have a few of these, even people with a very good credit score. The longer in the past that these lapses have happened, the less important they are to your current score.

If you got behind, for instance, just last month on a car payment, then it stands to reason banks may not want to loan you more money for a new car

since you were just late. Your credit score will go down which signals to banks that there may have been recent problems.t

InquiriesThere is no hard-and-fast-rule about having your credit run by multiple sources, but usually if you have run it a few times in a current car buying cycle then it shouldn’t cause your score to plummet. But if you have many dealers and banks pull your credit over a six-month period then

this might indicate you have been denied credit more than once. This is a contributing factor or a lower credit score.

Please call me or email me anytime with your credit questions, even if you just need advice for an up-and-coming situation. I would love to help. This is one of the keys to our success: helping people in the short term means long term success. We have been in business over 30 years and so far this thinking has worked!

The Family Care Network is a 501(c)(3) private, nonprofit children and families services provider. Established in 1987 for the purpose of creating family-based treatment programs as an alternative to group home or institutional care for children and youth, the agency, accredited by the California Alliance of Child and Family Services, operates multiple programs designed to strengthen and preserve families and individuals.

By visiting McCarthy’s, you’re helping support the local community. Each month, McCarthy’s spotlights a local charity, and gives money to support their efforts right here on the Central Coast. Whether you buy from us or not, we invite you to come take a test drive and help the featured Central Coast charity of the month.

In the months of November and December, McCarthy’s is donating $10 for every test drive to the Family Care Network!

Since September, you’ve helped us raise $1,590 for Making Strides Against Breast Cancer and $1,200 for Restorative Partners.

7SHIFT | 805 544 1900 | www.mccarthywholesale.com | 43 Higuera Street, San Luis Obispo, CA


Events

Cambria Christmas MarketCambria Pines LodgeNovember 27 - December 23

Holiday Harmony & Tree Lighting CeremonyPismo Beach PierDecember 4

Holiday Lighting CeremonySunken GardensDecember 4

49th Annual South County Holiday ParadeGrover Beach @ 16th StreetDecember 5

Lighted Boat ParadeEmbarcadero @ Morro BayDecember 5

Paso Robles Christmas Light ParadeDowntown Paso RoblesDecember 5

Santa Maria Parade Of LightsSanta Maria @ BroadwayDecember 5

Cayucos Christmas Tree LightingOcean Avenue And D StreetDecember 6

Winter WonderlandDowntown AtascaderoDecember 11

Los Osos Baywood Park Christmas ParadeLos Osos/Baywood ParkDecember 12

8th Annual Christmas In CayucosParticipating D Street MerchantsDecember 12

Winter WonderSLO Jiffy Lube Ice Skating RinkMadonna Expo CenterDecember 18 - January 3

Holiday MagicCharles Paddock ZooDecember 19

Hearst Castle Holiday ToursHearst CastleDecember 19 - January 2

CENTRAL COAST HOLIDAY EVENTS GUIDE

McCarthy's SHIFT - VOL 1 - ISSUE 1 - December 2015

Documents

Transcript of McCarthy's SHIFT - VOL 1 - ISSUE 1 - December 2015