Our Tips for Purchasing a Vehicle in the Summer
- Created on Tuesday, 21 July 2015 14:59
- Written by Lisa Sullivan
Whether new or pre-owned, when it comes to buying a car conventional wisdom says to wait until the end of the calendar year when dealers are looking to unload their inventory. That’s when they and their sales force are working hard to make their year-end goals and as a result, car buyers can usually get a great buy for the vehicle of their choice. However, that isn’t always the case. There are other times of the year in which a great deal can be made.
Summer, more specifically, late summer is also a good time to buy because new models for the upcoming calendar year begin to roll out and tend to be in stock for purchase. If a car buyer plans to purchase a pre-owned vehicle instead, the buyer might be able to work with a dealer to get the best possible price for whichever “older” make and model they prefer…and by “older” we mean anything that does not have zero miles on it. Technically, a vehicle is only considered new when it has never been driven.
So, with it being summer and generally a good time to buy your next family car, we thought we’d take a look at some of the news about car buying that you might have missed over the last few weeks. We venture to guess many of you are considering making that big purchase well before year-end.
In High Demand – Don’t Count Out the Sedan!
In May, the top selling vehicles were SUVs and pickups overall. BUT, the Toyota Camry took the third most popular vehicle in the nation that month. In fact, in the top ten there were four other cars – the Toyota Corolla, Honda Civic, Nissan Altima and Honda Accord. Read more about the Top 20 selling vehicles in May at USAToday.com.
In keeping with the theme of vehicles in “high demand”, CBS News recently did a report covering the 5 great deals you can get now. In this report, it also mentions that small and midsize SUVs are in such high demand that though incentives for them are smaller, there are other types of vehicles in which there are special deals. If you have excellent credit (generally a FICO score of 720 or more), you might even qualify for 0% financing.
Shhh. The Secrets to Getting a Good Deal
Consumer Reports covered some secrets to scoring a great price on a great vehicle, including the advantage of buying “stair-step stock”. Who knew there was such a thing! They also mention the importance of doing your homework beforehand, but they did not mention that which may be equally important (depending on your circumstances) – getting pre-qualified for a loan. Most financial institutions offer that for car buyers. Coastal does!
Summer Road Trip Anyone?
Car buyers should also consider the reason(s) for purchasing a new vehicle. While there are many factors that will influence that decision (i.e. condition of current vehicle, personal or business use, down-sizing or upsizing, etc.), since it’s still summer perhaps you’re just looking for a great car for your summer road trip. CBS Market Watch has you covered there! Check out their slideshow detailing their 10 best suggestions.
And after all of this research, if you’re ready to make a purchase or refinance your current auto loan, Coastal has options for you. Click on over to Coastal Auto Loans for more info and to apply online.
In the meantime, inquiring minds want to know - what is your favorite destination for a summer road trip from the Triangle? Please leave a comment below!
Celebrate National Ice Cream Month at These Triangle Ice Cream Shops
- Created on Wednesday, 15 July 2015 13:16
- Written by Lisa Sullivan
In the summer months, there are probably two things Triangle parents are often hearing from their children – “Mom, can we go swimming?” and “Let’s get ice cream!” In 2013, people in the U.S. spent $13.7 billion on ice cream and this is not including restaurant sales. Here’s another interesting statistic – the average American consumes ice cream 28.5 times in a year. That’s like buying a pint of your favorite Ben & Jerry’s flavor every two weeks (Go ahead, admit it. Yes, we’re talking about you!).
Did you know that in 1984, President of the United States, Ronald Reagan designated July as National Ice Cream Month? It is celebrated on the third Sunday of the month, which is National Ice Cream Day.
Well, we couldn’t think of a better way to celebrate than to provide our readers with a list to some of the best Triangle ice cream shops around. Not only that, but if we found the shop has a particular special saving you money this month, we indicated as much in the list. Take a look!
The Parlour in Durham, NC
Food Truck “foodies” will know The Parlour from their bus that is often at local Food Truck events…and it’s a popular truck at those events too! The owners eventually opened their own shop in downtown Durham, which you can visit 7 days a week. Recently, they were named one of the ‘Best Ice Cream Shops in America” by Thrillist, so you know it’s got to be good!
The Parlour often runs various specials so you really need to check out their website and/or Facebook Page for more info, but let your taste buds sit on this for a moment – one of their recent Sundae Specials was peach-cardamom ice cream, sesame-honey “gravel”, with rosewater whipped cream for $5.40 for a small and $7.40 for a large. Your mouth is watering, isn’t it?
Lumpy’s in Wake Forest, NC
The story goes, the Founder literally made homemade ice cream made of locally-sourced, hormone-free milk and fresh fruits one day for his kids and because of their pure joy, his “Aha!” moment took place in 2001. Just ten years later, Lumpy’s became the “official ice cream of the Carolina Railhawks” and it’s even carried by local retailer Southern Season. With flavors like Kenny’s Kickin Chocolate, Wired Hippie (coffee ice cream with trail mix) and Aunt Bee’s Honey, you know a lot of thought and flavor goes into the making of each dish (or cone).
Maple View Farm in Hillsborough, NC
A popular destination since 2001, Maple View Farm sits on acres of farmland in southern Hillsborough, NC in Orange County and has served thousands who come from all over to check out their tasty goodness. Made from the freshest of ingredients in general as well as in season, you can’t help but allow your mouth to water with such flavors as Creamy Peanut Butter Sensation, Red Velvet or their famous fall flavor – NC Sweet Potato.
Join Maple View Farm on National Ice Cream Day, this Sunday, July 19th for a celebration that includes over 20 flavors of ice cream as well as live music, face painting, games, etc. with a percentage of sales going to Sam’s Wish Fund & Kids Path of Hospice. For more information, check out the Maple View Farm website.
Those are just a few of the Triangle’s BEST ice cream shops and destinations. What is your favorite? Please leave a comment below!
Coastal Promotes Jim Pack to Chief Member Service Officer
- Created on Tuesday, 07 July 2015 11:17
- Written by Joe Mecca
RALEIGH, N.C. (July 7, 2015) – Coastal Federal Credit Union announced today that Jim Pack has been promoted to SVP, Chief Member Service Officer. In that role, he will be tasked with building exceptional member service and operational excellence, including increased efficiency and single-contact case resolution for member service needs. He will be responsible for Member Call Centers, Loan Operations, Deposit Operations, Collections and Member Loyalty.
Pack has 18 years of financial services experience. He has been a part of the Coastal team since 2008 and has held various vice president roles during that time, including Retail Sales and Service; Marketing and Retail Strategy; and most recently, Reporting and Analytics. His promotion comes as part of a management restructure aimed at aligning the organization’s leadership with its key objectives for the next several years.
Pack holds a Bachelor of Arts degree from North Carolina State University, and is a Credit Union Development Educator.
Coastal Announces Management Structure Changes
- Created on Tuesday, 07 July 2015 11:10
- Written by Joe Mecca
RALEIGH, N.C. (July 7, 2015) – In keeping with Coastal’s vision “to thrive long term as the Triangle’s best provider of consumer financial services,” effective July 5, 2015, the senior management team will be restructured into six divisions.
Coastal approached this realignment with several objectives in mind, including executive succession and member service improvements. “Over the next few years there will be a number of key leaders retiring and Coastal wants to ensure we are developing our leadership for the next two decades,” says Coastal’s President and CEO, Chuck Purvis.
“Additionally, with this new realignment, Coastal will be able to increase the pace of digital banking innovation and self-service channel development while continuing our tradition of operational and service excellence.”
As a result, the following management changes take effect:
Willard Ross, Chief Strategy & Talent Officer will lead the Strategy and Talent Division consisting of Human Resources, Training, Strategic Planning, Corporate Affairs and Support Services.
TJ Wyman, Chief Retail Officer will lead the Retail Services Division consisting of Retail Sales & Service, Wealth Management, Marketing and Daymark Realty.
Rick Mullen, Chief Lending Officer will lead the Lending Division consisting of Mortgage Lending, Business Lending and Consumer Lending.
Kris Kovacs, Chief Information Officer will lead the Technology Division consisting of IT, Digital Banking and Business Transformation.
Tami Langton, Chief Financial Officer will lead the Finance Division consisting of Accounting, Enterprise Risk Management, Finance and Reporting/Analytics.
Jim Pack has been promoted to Chief Member Service Officer will lead the Member Service Division consisting of the Member Call centers, Loan Operations, Deposit Operations and Member Loyalty.
With these strategic moves, Coastal remains focused on growth through service excellence.