5 things you should know about your car before winter gets into full swing

When really cold weather hits, we are usually surprised that our vehicle does not perform as well as it did when it was warm outside. Service Manager Steve Wolf from Montgomery Lincoln says that there are 5 things that everyone should check before old man winter comes knock’in.

20141215_152703First, you should always check your tire pressure. The correct tire pressure for your vehicle is located on the front door jam and should be monitored throughout the season. As the weather gets colder, tires tend to lose air, and that can make them more susceptible to a blowout.

The second thing that you should check is your tire tread depth. In order to get good traction in snowy conditions, your tire tread depth should be at least 6mm across the tire. Most accidents on slippery surfaces can be avoided simply by replacing some balding tires. “We sell more tires and have the best deals on tires in the winter because people want to feel safe.”, said Steve, “Your tires are like your shoes, you need tread on them or else you will slide around.”

The third thing that you should check is the anti freeze in your vehicle.  Most people think that if their antifreeze goes to 0 degrees that they are fine for the Cincinnati winter, but they couldn’t be further from the truth. Steve warns that the windchill that is generated by driving a vehicle 65-70 miles per hour can drastically impact your vehicle. Steve recommends that your antifreeze be rated at -30 to -40 degrees to withstand the cold Cincinnati winds

The fourth item that needs attention is your wiper blades. There is nothing worse than having poor wiper blades on a snowy night. Steve recommends that you raise your blades off of your windshield if you know that a big snow is coming. This will keep the rubber from sticking to the glass and prolong the life of your wipers.20141215_153652

Lastly, Steve says that the most often forgotten item for winter is the partner to your wiper blades. Your windshield washer fluid must also be rated for below zero temperatures. Using water or a cheap fluid will greatly increase the chance that your reservoir will freeze and crack.

Steve Wolf has over 30 years of automotive experience and knows what it take to keep your vehicle on the road. Feel free to stop by with any questions and receive a free winter blend washer fluid top off before Winter hits!

 

Posted in Service

Leasing Part 3

 

How to pay less sales tax when buying a new car

Gold CoinsNobody likes to pay taxes, but how would you feel if you consistently paid MORE taxes than you should? I live in the state of Ohio and when you buy a new car, you pay the sales tax required by the county that you live in on the full selling price of a new car BEFORE rebates are deducted. On a $20,000 vehicle, the sales tax can be as high as 7% making the total tax amount $1,400! Statistics show that the average person trades vehicles every 36-48 months. That means that you pay the fPhotoGrid_2014-09-15_16_44_42ull sales tax on every vehicle and only use about half of its value. One way to avoid this costly scenario is to lease a vehicle.
On a lease, you only pay tax on what you use. In my example, we will be looking at a $20,000 vehicle that is worth $11,000 at the end of the lease. If you have read my previous post entitles “What is a Lease?” you know that you are essentially paying for what you use which is the initial $9,000. The sales tax on a lease in the state of Ohio is based on the $9000 and is paid to the county up front. That means that if you lease the vehicle, you only pay ($9,000 x 7%) $630 in sales tax. As we can see, leasing a vehicle effectively cuts your sales tax in half! Keep in mind that every state is different in how tax is calculated, but in most states, leasing will save you a bundle in sales tax when buying a new vehicle.

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Leasing Part 2

3 Common Mistakes that are made when leasing a vehicle

Once you have a basic understanding about what leasing is, you are ready to figure out what vehicle you want. The following are 3 things that everybody will want to avoid when PhotoGrid_2014-09-13_20_28_38considering a lease:
First, be sure that you are looking at vehicles that are in your price range and fit your lifestyle. Many times I see people that are looking for a $20,000 vehicle end up leasing a $30,000 vehicle because the lease payment fits into their budget. A lease should be considered an alternative way of acquiring the vehicle that you want, not a way to drive a vehicle that you normally could not afford. Determine the vehicle that you want and then look at the financing options and the lease options.
The second mistake that we want to avoid is extending the term of the lease very far beyond the warranty term. One of the benefits of leasing is that if something breaks on the vehicle, you don’t have to worry about it. If you lease a vehicle for 48 or 60 months, it is usually outside of the bumper to bumper warranty and any repairs will be yours to pay. There is nothing worse than paying for a large repair on a vehicle only to turn it back in to the bank at the end of the lease. Don’t peruse long term leases no matter how tempting the payment may be.
The last mistake that most people make is mileage. Be realistic about the mileage that you drive. The payment is always lower if you choose a low mileage lease, but if you drive more mileage than the lease allows, you will have to pay for it at the end. Most leasing companies give you a break on the price of mileage if you buy it up front, and some companies such as Ford Credit will even reimburse you if you don’t drive all of the mileage. Be honest with yourself about the miles that you drive. You will be much happier in the long run.
Leasing can be a fun way to drive new cars frequently. Avoiding these 3 common mistakes with assure you peace of mind leasing for many years.

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What is a Lease?

As long as I have been selling cars, people have been asking me if they should buy or lease a new car. There is no easy answer to that question. There are times when you should buy a vehicle and times when the lease makes more sense. Some people shy away from leasing because they don’t really understand what it is. The simplest way to describe a lease is that you pay for what you use. Allow me to explain. Most vehicles retain about 50% of the original window sticker price in 3 years. If that is true and you Lincoln Automotive Financial Servicesare looking at a $20,000 vehicle, then a 3 year lease would cost you $10,000 ($20,000 x 50%). If you divide the $10,000 by 36, you will have a payment of $277 per month for 36 months. At the end, you would have the option of buying the lease out for the remaining $10,000 or walking away and getting something new. This way, you pay for the best years your vehicle and let somebody else deal with the maintenance that comes along in later years. This is a simple illustration of a lease and is meant just to explain the theory behind leasing. There are many other factors that go into leasing a vehicle such as Sales Tax, Rebates, Trade in Vehicles, and Money Factors, but I will go into that in a later post.

 

Posted in Financial, Sales

2015 Lincoln Navigator is Coming!

FrontThe Lincoln Navigator debuted in 1998 and immediately redefined what luxury was all about. Nobody thought that the market for a large luxury SUV could be so ripe for conquest except for the designers, marketers, and engineers at the Lincoln Motor Company.  Prestige was redefined for over a generation and the Lincoln Navigator led the way. Still one of the most comfortable vehicles on the market, the Lincoln Navigator began losing market share to some competitors that focused on bling over functionality.  Well, the wait is OVER! The 2015 Lincoln Navigator is set to take the country by storm again! A classy leather wrapped interior, My Lincoln Touch, and a carry over of the famous independent rear suspension makes the Lincoln Navigator an unstoppable force. Combine that with a beautiful split wing grill, and tail lights that run completely Dashacross the tail gate, and you have a combination of luxury, bling, and functionality that very few can match. If that wasn’t enough, the 2015 Lincoln Navigator will come standard with the famous Ecoboost twin turbo V6 engine. This engine combines V8 power, diesel torque, and V6 fuel economy. The Ecoboost engine is expected to rearproduce 365hp with 420 lb.-ft. of torque at 2500 RPM. Couple that with an average estimated fuel economy of 17 miles per gallon, and you have just mixed the ingredients for the greatest full size luxury SUV ever offered to the public. The 2015 Lincoln Navigator is set to debut late this month. Contact us at Montgomery Lincoln 513-683-3800 for more information or to place your order.

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What is a Certified Pre Owned Lincoln?

maxresdefaultThere has been a lot of buzz recently about the importance of Certified Pre Owned vehicles, but what does it mean? A Certified Pre Owned (CPO) vehicle is a late model vehicle that fits a certain criteria that is determined by the manufacturer of the vehicle. The vehicle then goes through a multiple point inspection and is reconditioned back to as close to new as possible. The manufacturer then attaches a warranty to the vehicle covering any number of components and it is sold to you as not quite a new vehicle, and not quite a used vehicle.

That being said, not all Certified Manufacturer programs are the same and Lincoln has one of the best in the business.  A Certified Lincoln undergoes a 200 point inspection by a Master Certified Lincoln Technician. Then the vehicle is wrapped in a 6 year or 100,000 mile Premium Care warranty that covers nearly every component on the vehicle with a $100 deductible. In addition, Lincoln offers a free rental vehicle if your Certified Lincoln ever needs service and free transportation assistance in the event that your Certified Pre Owned Lincoln breaks down more than 100 miles from home. Your Certified Pre Owned Lincoln even comes with free roadside assistance and a full tank of fuel.

The winning combination of the Lincoln Motor Company, Montgomery Lincoln, and a Certification process that is second to none presents a value that is very difficult to pass up. Here is a link with special deals on the Lincoln Certified Pre Owned inventory at Montgomery Lincoln!

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Your Tires are your Car’s Feet!

Let’s talk about tires for a minute. 

20131212_111120How many of you really know anything about tires? Did you know that your tires can be bad and still have tread on them?

Most tires a produced today are worn out by 50,000 miles whether they have tread or not. You see, inside your tire are steel belts and these belts flex and get very hot every time you drive your car. Over time, the steel becomes weak and can allow your tire to wander under extreme conditions. This can cause a loss of control at a moment when you are trying to avoid an accident. The worst offender of tires that are worn our but have tread are SUV’s and trucks.

In the event that your tires are “looking” worn out, you can check them yourself by looking at the wear indicators. Wear indicators are molded into the rubber between the tread on your tires. It will be a small hump in the valley of the tread that is spaced about every 15″ or so. If your tread is at the same height as the wear indicator on you inside tread, then it is time for a new set of tires.

As always, please check for proper inflation of your tires at least once a month. Weather changes and corrosion inside an aluminum wheel, among other things, can cause pressure loss.

Incorrect tire pressure can cause uneven tread wear, poor fuel economy, and possible tire failure.  If you don’t have a tire gauge or just want a professional to take a look at your tires, please don’t hesitate to stop by Montgomery Lincoln.  Greg Seiter or Roger Henson happy to check your tires for you.  If you want to call ahead, just call 513-683-3800.

A wise man once said “Your tires are the only thing that should be full of hot air!” Happy Motoring!! :-)

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