Debt Relief & Debt Consolidation #debt #relief, #debt #consolidation, #consolidate #your #debt, #how #to #eliminate #debt, #credit #counseling #courses, #credit #counseling #advice, #credit #card #reduction, #consumer #debt #solutions


A Debt Management Program
Can Help You:

“I was so pleased to find it easy to talk to my counselor about my debt problem. He was very helpful in helping me find a budget I could work with and thanks to him, I was able to reduce my interest rate so I could pay off my debt.”

“Thank you for helping me stay out of collections and make progress toward paying off my debt. Everyone I spoke with was very helpful and made the process simple. They explained and re-explained when I needed it. I have recommended ACCC as a resource to people I know.”

“Thank you to you and your team for helping me get out of debt. I felt like I was drowning in debt and after speaking to your representatives, I was relieved and felt like a weight was lifted. They made it simple and treated me with respect and have always been super friendly. I am grateful for your service!”

“Your company not only helped me [with my] money management skills and budgeting; your company also treated me with compassion, mercy, and respect. “

“ACCC provided me with this plan of how to get out of debt, and also taught me how to stay out of debt. If I have any questions, [ACCC’s] staff is always there to give me the answers. ACCC’s Debt Management Program helped me so much.

As Seen In

Credit Counseling

Our certified credit counselors will help you determine the best way to approach your financial situation and provide you the best debt advice options and debt solutions for managing your credit card debt .

Our credit advisors will assist in analyzing your current financial situation, providing personalized options based on your goals, and recommending the optimal debt management plan to achieve financial stability. The debt counseling solutions we provide offer our members long term financial success, as well as short term debt management programs and debt consolidation .

Debt Management Program

Our debt management program helps simplify your monthly unsecured debt obligations. Examples of unsecured debt include: credit cards, department store cards, collection agencies, credit lines, and unsecured personal loans. Once you have enrolled, we will consolidate your payments and disburse funds to your creditors on your behalf.

As part of our debt management program, our financial counseling specialists will assist you with how to consolidate debt. Debt consolidation is an important step in lowering monthly payments to creditors and collection agencies. Unlike a debt consolidation loan, you do not borrow money. Credit card debt consolidation under a debt management plan provides you with one easy payment.

Bankruptcy Counseling

If you’re planning to file for bankruptcy, the law requires that you complete a pre-bankruptcy counseling session with an approved credit counseling agency. American Consumer Credit Counseling is an approved bankruptcy credit counseling agency, authorized by the US Trustee Program of the Department of Justice. In addition to obtaining a bankruptcy certificate before your bankruptcy is discharged, you must also, complete a debtor education course, also known as post-bankruptcy debtor education. ACCC can help you with both of these requirements.

We provide online bankruptcy counseling, and can also give bankruptcy counseling over the phone. You can complete most of the requirements of your bankruptcy certificate online.

Housing Counseling

Homeownership is possibly the highest achievement for an individual or family in your lifetime. Whether you are in the process of purchasing your first home, are a recent buyer or longtime owner, the responsibilities are enormous. ACCC’s housing counselors are available to assist you in all aspects of your housing needs. We provide reverse mortgage, pre-purchase, post purchase and foreclosure counseling. Being a homeowner comes with much responsibility. We are certified by the US Department of Housing and Urban Development (HUD) and are committed to providing communities with housing counseling assistance as well as providing housing resources and education.

Student Loan Counseling

If you are one of the many millions of Americans that are facing student loan debt, ACCC can help you find the right student loan solution. Our counselors will provide you with an in depth evaluation of your finances and assess your particular student loan circumstances. If you are looking for student loan relief ACCC’s student loan counseling will help. ACCC will review and explain the various student loan relief options available as well as help you determine qualifications based on your financial situation. The student loan counseling will successfully help you sift through the clutter no matter what stage you are in with your student loans.

Over 25 Years in Business American Consumer Credit Counseling is a nonprofit credit counseling agency that helps consumers take control of their financial lives through credit counseling, debt consolidation and financial education. Since 1991 we have been improving lives and providing solutions to people in need of financial help. Call to speak with a certified credit counselor and receive a complimentary budget and debt consultation. To learn how to change your financial life call 1-800-769-3571.

Nonprofit Consumer Credit Counseling, Debt Management, and Debt Consolidation American Consumer Credit Counseling (ACCC) provides nonprofit credit counseling, debt management plans, debt consolidation and financial education services to consumers nationwide. Our certified and professionally trained credit counseling team assists consumers by providing workable solutions for their financial problems. We offer debt relief to individuals and families that are suffering from stress related to credit card debt by providing effective credit counseling, helping to consolidate debt, and advising on debt management.

American Consumer Credit Counseling (ACCC) is a nonprofit credit counseling agency and debt consolidation company that provides debt advice to anyone who is asking, “How do I get out of debt ?” Our debt solutions and services include credit counseling, financial counseling. financial education, debt consolidation and debt reduction services for consumers nationwide. Our certified credit advisors have helped thousands of individuals and families find debt relief through debt counseling and debt management plans that consolidate debts and debt payments to pay off credit cards and eliminate debt. We also provide bankruptcy counseling and bankruptcy debtor education services, including pre bankruptcy credit counseling for a bankruptcy certificate. in addition to advice on how to consolidate debt .

2017 American Consumer Credit Counseling, Inc. 130 Rumford Ave, Suite 202, Auburndale, MA 02466

2017 American Consumer Credit Counseling, Inc. 130 Rumford Ave, Suite 202, Auburndale, MA 02466

Medicare vs #chris #i. #young,health #insurance,medicare,medicaid,medicare-bucket-pickplan #[consumer #advice,health insurance,wellness]


Medicare vs. Medicare Advantage: How to Choose

Your budget, medical needs and coverage preferences should be considered when picking a plan. (iStockPhoto)

Decoding health insurance options can be daunting for people age 65 and over. Those who have paid 10 years of Social Security taxes qualify for Medicare at age 65. They’re automatically signed up if they’re receiving Social Security payments, unless they take steps to opt out. Standard Medicare comes in two parts: A and B. Part A covers a portion of hospitalization expenses. and Part B applies to doctor bills and other medical expenses, such as lab tests and some preventive screenings .

But some seniors may find better value in Medicare Part C, or Medicare Advantage. Such plans are run by private insurance companies but regulated by the government, and must offer coverage that’s comparable to original Medicare parts A and B. Most also include prescription drug coverage, which is an optional add-on called Part D for seniors who keep original Medicare.

Some Medicare Advantage plans cost nothing more per month than original Medicare, while others come with a higher monthly premium. (Any additional premium is added to what you would otherwise pay for Medicare Part B – about $105 per month in 2013, which for most people is automatically deducted from their Social Security checks.) Medicare Advantage plans are similar to private insurance that self-employed individuals buy on the open market, in that they have different monthly premiums, copays, coinsurance and out-of-pocket limits. The trade-off for a lower premium (or none) could be higher copays or coinsurance.

Whether or not a Medicare Advantage plan costs more, it could be better or worse for you than original Medicare. Consumers have to carefully review the details of each plan and make a clear-eyed appraisal of their circumstances, including their health, budget and tolerance for financial risk.

You May Want to Get Medicare Advantage Instead of Original Medicare If.

  • You take prescription drugs. As stated, original Medicare doesn’t cover prescriptions unless you pay extra to add Part D coverage. (The average monthly cost of Part D was $40 in 2013.) By contrast, about 82 percent of Medicare Advantage plans include drug coverage, according to the Kaiser Family Foundation, a nonprofit, nonpartisan research institute. In some cases your monthly premium will exceed the amount you’d pay for part D. The federal government. and brokers like have online tools where you can check how much you’ll pay for the drugs you need. (U.S. News has a revenue-generating agreement with eHealthInsurance, which owns
  • You want a cap on your out-of-pocket health spending. Original Medicare has no out-of-pocket maximum. You keep paying a portion of the cost of services as you use them. Medicare Advantage plans, by law, have an out-of-pocket maximum of no more than $6,700 per year. Once you hit that limit, the plan pays for all covered expenses. In 2013, 48 percent of Medicare Advantage plans had a $3,400 cap or less, according to the Kaiser Foundation. Keep in mind you might not hit that cap: Average out-of-pocket Medicare spending was $2,536 in 2006, or about $3,000 in today’s dollars, according to a recent analysis by Kaiser.
  • You want an alternative to enhancing your Medicare coverage with private “Medigap” (Medicare Supplement) insurance. Medigap plans cover or help cover certain deductibles, coinsurance and out-of-pocket costs of original Medicare. Some Medicare Advantage plans, but certainly not all, will be more cost-effective than adding Medigap coverage to original Medicare. Scrutinize the plan details if this is your reason for considering Medicare Advantage.
  • You want an alternative to the 20-percent coinsurance charged by original Medicare for most services. Medicare Advantage plans structure costs differently and may offer a lower (or higher) coinsurance, or may charge copays instead – which are fixed costs you pay for services. A trade-off could be a higher monthly premium.
  • You want coverage for vision, dental, assisted living facilities or nursing home care. Original Medicare doesn’t cover these services. Certain Medicare Advantage plans do.
  • You want the broadest possible choice in doctors and other medical providers. More doctors and other providers accept original Medicare than private Medicare Advantage insurance. Private plans tend to be restricted to a home network, like an HMO doctor network. If you travel frequently, you may want to consider staying with original Medicare for this reason.
  • You can’t afford or don’t want to pay additional monthly premiums. Medicare Advantage plans, like other private health plans, typically charge premiums. The recent average was about $30 a month for an HMO and $32 to $63 for a PPO, according to the Kaiser Foundation. Again, these premiums don’t include your Part B premium – about $105 per month in 2013 (or higher if you are high-income).
  • You want maximum flexibility when seeking medical specialists. Under original Medicare, you don’t need prior authorization from a primary care doctor to see a specialist, whereas Medicare Advantage plans that are designated HMOs could require you to see a primary care doctor first. PPO plans would allow you to see a specialist without a referral, but seeing an out-of-network doctor or specialist would cost you more. Most Medicare Advantage plans are either HMOs or PPOs.
  • You’re still employed and covered by your employer. You might end up paying an unnecessary premium for Medicare Advantage or could lose your employer-provided coverage. Check with your human resources department and the Social Security Administration for specifics.
  • You have employer-sponsored retiree health benefits that supplement original Medicare. These benefits wouldn’t help with Medicare Advantage, so check with your human resources department before signing on a Medicare Advantage plan.
  • You qualify for Medicaid or a Medicare Savings Program. Low-income Medicare beneficiaries have other options and should contact their state Medicaid office.
  • More than 8 in 10 saw a doctor, with a median six visits per patient in a year.
  • One in 5 were hospitalized that year.
  • Three in 10 went to the emergency room at least once.
  • Less than 1 in 10 (8 percent) used home health services. The median number of visits was 17.

    If you decide to buy a Medicare Advantage plan, you must enroll between Oct. 15 and Dec. 7 – the period known as open enrollment – in order for your coverage to start the first of the following year. (Original Medicare has separate enrollment periods for seniors who aren’t automatically enrolled.) Because of government regulation, Medicare Advantage premiums are not influenced by age, health status or the method by which a consumer signs up (through an insurance agent, for example, or directly through an insurer). Monthly cost – and plan availability – varies from county to county. For 2013, the average person had about 20 plans to choose from, according to the Kaiser Family Foundation.

    Select Resources on Medicare and Medicare Advantage

  • Medicare Advantage plans are rated by the federal government on a scale from one to five stars based on the quality and accessibility of care, consumer satisfaction surveys and other measures. Plans are given bonus government funding if they earn three or more stars. The star ratings are the only national, official grading system for Medicare Advantage plans.
  • Guide to Medicare by the Kaiser Family Foundation. Kaiser is a nonprofit, nonpartisan research organization that focuses on health care issues.
  • SHIP counselors are State Health Insurance Assistance Program workers who offer free information on local health care options.
  • 800-MEDICARE is the government’s official 24-hour help line.
  • a private broker that has a business agreement with U.S. News, offers numerous Medicare Advantage plans through its website and call center (888-245-4509).

    Updated on Oct. 15, 2014: This article was originally published on Dec. 4, 2012 ​and has been updated to reflect policy changes.

  • The top 5 credit cards in Canada for travel rewards #credit #cards, #air #miles, #bmo, #cibc, #loyalty #programs, #mastercard, #td, #transaction #fees, #visa, #canada, #consumer, #money


    The top 5 credit cards in Canada for travel rewards

    Despite concerns that perks would be scaled back in light of a recent decision to cut transaction fees. loyalty rewards haven t taken a hit this year. “We have not seen this happen yet, Patrick Sojka, founder and principal at RewardsCanada, said (more on that below).

    Annual fee cards

    BMO’s premium card is tops in the annual fee category, “what we would consider to be the most popular category of cards for Canadians,” the blog says. The $150 annual fee is waived for new sign-ups, who are also credited with $300 worth of rewards upon successfully applying for the card.

    The rate of return on rewards is two per cent on all purchases, meaning for $100 spent cardholders get $2 in value that can be used through BMO Rewards, the bank’s own program. You’d better have a fairly comfortable individual or household income though, with only those earning $70,000 a year or with household income exceeding $120,000 qualifying for the card.

    BMO’s World Elite card beat out last year’s winner in the category, the Capital One Aspire card, which provides $100 in rewards for new sign-ups as well as a similar dollars spent-to-rewards ratio. Both cards offer an “excellent suite” of travel insurance and benefits, RewardsCanada says .

    No fee cards

    The Capital One Aspire card also carries elevated income requirements, like many premium cards in the annual-fee category.

    For those looking for some perks without the fees, the blog rankings suggest the American Express Blue Sky credit card is best. Cards in this category don’t cost a hefty annual fee, but also don’t pay out nearly as much in rewards, with 1.25 points on the Blue Sky card awarded for every dollar spent.

    Did we mention that 10,000 points amounts to $100 in value? Cards in the no-annual-fee category all generally deliver a far smaller return to the cardholder but with no fee helping to fund the rewards program, that shouldn t be altogether unexpected.

    Here’s the top five fee and no-fee credit cards:

    1. BMO Rewards World Elite MasterCard ($150)
    2. Capital One Aspire Travel World Elite MasterCard ($120)
    3. Scotiabank Gold American Express ($99)
    4. TD First Class Travel Visa Infinite Card ($120)
    5. CIBC Aventura Visa Infinite Card ($120)
    1. America Express Blue Sky Credit Card
    2. Capital One Aspire Travel Platinum MasterCard
    3. American Express Air Miles Credit Card
    4. BMO Air Miles MasterCard
    5. CAA Rewards MasterCard

    Perks intact

    Credit-card industry watchers had been expecting card reward programs—notably premium ones offering juicy perks— to take a hit this year. That’s because, with Ottawa looking over their shoulders, MasterCard and Visa Canada agreed to slash the fees they charge merchants on credit-card purchases.

    Those transaction fees help pay for the raft of loyalty programs out there now, but have multiplied as the number of programs have. Starting next month, Visa and MasterCard will cut the fees to 1.5 per cent of the transaction value of purchases, down from 3 per cent or more currently.

    The card companies have agreed to lower the fees as Ottawa – joining other governments – expressed concern the fees were imposing a tax of sorts on all shoppers as merchants flowed the fees into their prices.

    That fee cut will amount to a 10 per cent hit to the amount the banks and card issuers collect – a hit that could cut into rewards. But so far, cards haven’t seen any adjustment in reward levels.

    “We have not seen this happen yet as it seems the banks are taking a wait and see approach to see how the change affects their bottom line,” Sojka said.

    If a hit to rewards happens, it’s likely to fall on the less lucrative customers using no-fee cards, Sojka said.

    “We now may not see any changes to rewards cards for perhaps six or more months and in most cases we believe it will affect lower end (no fee etc.) cards rather than premium cards.”

    10 best cars: Consumer Reports – Best overall: Lexus 460L (1). #sell #your #car

    #best cars 2010

    The influential magazine names the cars, trucks and SUVs it rates highest in popular categories.

    Price: $70,925

    Mileage: 24 Hwy, 16 City

    Parent company Toyota has been taking its lumps lately, but the carmaker and its luxury division Lexus still makes some very good vehicles. Case in point: the Lexus LS full-size luxury sedan scores a near-flawless 99 on Consumer Reports 100-point scale.

    Toyota’s recall mess has caused some problems, though. Toyota would have had four cars in this Top 10 list instead of just two. Two vehicles — the Rav4 and Highlander SUVs — have had their recommendations suspended as a result of recalls that resulted in “stop sale” orders by the carmaker.

    Best over.

    Family car

    Small car

    Sporty car

    Small SUV

    Family SUV

    Green car

    Sports se.

    Family ha.

    Last updated March 02 2010: 4:40 PM ET

    Used Car Buying Guide – Consumer Reports #insurance #car

    #buy used cars

    Finding the right balance between value and risk

    Two- and three-year-old used vehicles are often the best values. Not only is the price lower than a comparable new car’s, but continuing ownership expenses such as collision insurance and taxes are lower, and a two- or three-year-old used vehicle has already taken its biggest depreciation hit. In addition, buying used is a way to get a nicer car than you’d be able to afford new.

    But buying a used vehicle means finding the right balance of value and risk. Following are some issues to consider.

    Reliability. One thing that has made used cars more appealing is their improved reliability. In an analysis of Consumer Reports’ annual sub­scriber surveys over the past few years we found that five-year-old vehicles had one-third fewer problems than the five-year-old vehicles we looked at in 2007. Years ago rust and exhaust-system problems were common, but that’s no longer the case, and major engine and transmission problems have also decreased, making late-model used vehicles far less of a risk. When properly maintained, today’s vehicles should easily surpass 100,000 miles without a major overhaul, and many could reach 200,000 miles .

    Warranties and repairs. Although used cars are more reliable than ever, maintenance and repair costs are important considerations. In the first two or three years of a car’s life, it has fewer problems and is typically covered by a comprehensive warranty. An older used car, however, is usually out of warranty or close to it. You can expect not only more problems as time goes on, but more costly ones as the years and miles pile up.

    This means that owners will have to pay for repairs and for wear parts like tires, brakes and batteries. But even if you replaced all those things the moment you bought a used car, the savings over a new car would more than compensate.

    There is always the risk that you’ll buy a lemon. Even a car with a great reliability history can be a poor example, or have been abused, neglected, or damaged by a previous owner. By having the vehicle thoroughly inspected by a qualified mechanic, you can protect yourself against nasty surprises.

    Depreciation. A major disadvantage of buying a new car is its rapid depre­ciation. Models typically lose about 47 percent of their value in the first three years, com­pared with 24 percent over the next three. But this varies greatly among models.

    The BMW 328i. for example, has held its value relatively well (about 40 percent depreciation over the first three years), while the Lincoln MKZ has depreciated more rapidly (about 50 percent).

    Several factors determine depreciation, including the model’s popularity, perceived quality, supply, and whether or not the vehicle belongs to the current design generation. The average depreciation on a $27,500 vehicle leaves less than $15,000 ($14,575) after three years, a huge hit in residual value.

    Interest rates. Loans for new cars usually have a lower interest rate, but the difference is often not a major concern. In March 2014 the national aver­age for a 60-month new-car loan was about 3.11 percent, according to; a 60-month used-car loan was about2.80 percent. When rates are within just one percentage point of each other, the additional inter­est you pay on a typical used-car loan adds only about $7 to $15 to the monthly loan payment.

    Insurance. You’ll typically pay a bit less to in­­sure a used vehicle than a new version of the same model.

    Safety. Buying a used car means you might not get the latest safety features. Features such as electronic stability control (ESC), head-protecting curtain air bags, and advanced frontal air bag systems are hard to find on older vehicles. But ones such as antilock brakes, traction control, and side air bags have been commonplace for quite a few years now.

    Denver, Colorado Springs, Grand Junction and Cheyenne Free HDTV Channels and Antennas #hdtv, #rf, #uhf, #vhf, #dtv, #digital, #channels, #cable, #satellite, #stations, #local #lists, #towers, #compass, #direction, #distance, #high-definition, #television, #outdoor, #rotor, #indoor, #antennas, #expert, #examples, #help, #free, #over-the-air, #off-air, #licensed, #transition, #tuners, #converter #box, #setups, #color #code #chart, #picture, #appearance, #multicasting, #multi-directional, #rooftop, #rabbit #ears, #consumer #data, #advanced, #installation, #links


    You might want to watch this 8-minute video created by the Consumer Electronics Association

    Getting the most from America’s New High-Definition Television System is simple and inexpensive. You just need an antenna for sets made after 2007, and a Converter Box if you have an older TV. No need to get cable, satellite or a new TV to enjoy America’s DTV Channels.

    “Multicasting” allows stations to broadcast up to six new channels in the space of their old one. Channel 9, for instance, is now DTV channel 9.1, 9.2, 9.3, etc. Cable and satellite would have you believe they carry most of these new channels, but they don’t.

    Cable and satellite strip and leave out most broadcast channels to save space for other $ervice$. To get genuine HDTV just add an antenna and converter to your existing setup. You’ll be amazed how many HDTV channels you can tune, and how much better everything looks over-the-air!

    Find the keys to complete your HDTV System!

    Denver Area HDTV Channels
    All of these new channels, and many more, are Free. No cable or satellite is needed for any of them. Just select an Antenna, using the information below, to receive crystal clear HDTV signals Free in the Denver, Colorado Springs, Cheyenne Area.

    Antenna Selection Guide
    To find the perfect antenna, first list the RF Channels which you want to watch. The CEA. Consumer Electronics Association, and NAB. National Association of Broadcasters, created the AntennaWeb to help you with the rest. Free! An example of how it works is presented below.

    NOTE that all TV stations are transmitting on different channels now. To avoid confusion, however, the new tuners and converter boxes allow a station to keep its old channel number while automatically switching you to its new RF Channel. Some of the new RF Channels are VHF but most are UHF.

    RF Channels on your list numbered less than 14 are VHF. They need a broader antenna than UHF channels; the ones numbered 14 and up. Since HDTV is 91% UHF, you probably won’t need to use a broad antenna.

    Most need an Indoor Antenna. They work just fine with older TVs using a converter box, and with all new TVs. You’ll need to use an Outdoor Antenna if you’re more than 15 miles from stations’ towers, but most towers are clustered near town and are very powerful.

    We’ll use a site near Tampa, Florida
    Press then Press
    “Click Here to Start,” then Enter the
    ZIP Code 33772 and Press “Submit”

    A Station Tower Map will appear beside a list, as shown below. The strongest stations are at the top. Record the RF channels, and Antenna Color Codes, of the stations you want to watch. You’ll need that information to select the proper Antenna .
    To verify this Map and List. select using the same Zip Code, to get the following.

    What’s important is to get-a-feel for the distances and directions to desirable stations’ towers (under “Dist” and “Azimuth” above). Let’s select CBS, ABC, FOX, NBC and PBS Networks, all of which are farther than 15 miles away. We’ll need to use an Outdoor Antenna to receive them. Fortunately, station towers are clustered in most cities – East of us in our example.

    Antenna Color Codes
    Color Codes represent an antenna’s reception strength. Within 15 miles of stations an Indoor Antenna can be used (in the Yellow, Green and Light Green Zones). Farther away you’ll need to use an Outdoor Antenna. Our Example calls for color codes blue and violet. The stronger violet type will work for both. Since four of our desirable stations’ RF channels are VHF (all but ABC are less than 14), we’ll need a broad UHF/VHF antenna.

    Small Multi-Directional Antennas

    Consumer Reports American Top Picks 2010 #hot #wheels #cars

    #best cars 2010

    Consumer Reports American Top Picks 2010

    Every year we look at our Top Pick list from an alternative point of view, highlighting the best of the domestic industry. While we support buying the best car for your needs, regardless of where it’s made, our mailbag and e-mail inbox shows us that many buyers prefer to buy from an American brand. This is especially evident as Chrysler, Ford, and General Motors fight their way back from recent market challenges. (Read: Who makes the best cars? )

    The good news is that preferring a domestic car doesn’t condemn you to a bad product. Indeed, two of the vehicles on this list, the Chevrolet Traverse and Silverado, are on our our official Top Picks list, as well. In addition, Ford has done notably well in reliability. For example, the Ford Fusion and Mercury Milan have proven to be more reliable than a Honda Accord or Toyota Camry. While these high-scoring cars come in a notch below some Japanese competitors in the marketplace as a whole, the Fusion/Milan/Lincoln MKZ sedans show up a lot when looking at domestic-branded Top Picks, as does Ford in general.

    Given those parameters, we present the domestic-branded Top Picks for 2010. We have also included the top-scoring domestic-branded vehicles in each category and below provide additional insights into the list.

    Consumer Reports American Top Picks 2010

    Consumer Reports – Build – Buy Car Buying Service #where #to #buy #used #cars

    #new car prices

    Car Buying Service Customer Reviews

    Sue B. saved $5,126 off MSRP “Love this service! Love my new car! Truly a worry free experience.”

    Robin G. saved $5,827 off MSRP “I’m bad at haggling, so it really helped to have a guaranteed price that I could know before going to the dealership, and it was a great price!”

    Jack M. saved $1,757 off MSRP “The program saved me thousands of dollars on a new car and allowed me to avoid talking with numerous sales people to get the deal I wanted. Thank you.”

    Craig M. saved $3,395 off MSRP “I found the Build and Buy program very helpful for providing me with information that gave me the power to negotiate prices. Several dealers responded and were willing to sell me the vehicle I wanted at or very close to the estimated price your program came up with.”

    William D. saved $3,551 off MSRP “It has been 4 years since I bought a new car. I was amazed at how easily three dealers honored the Consumer Reports price. What a great way to start the negotiations. I felt completely comfortable purchasing the car at the Consumer Reports price but I even worked a slightly better deal, at which point I knew it was a great deal.”

    William C. saved $2,452 off MSRP “At the time of purchase, I asked our sales person if I had come to the dealership without the Consumer Reports price statement, would I have been able to get – as good as or a better deal. She responded – absolutely not. You did your homework on the Internet and were rewarded!”

    How BLS Measures Price Change for Used Cars and Trucks in the Consumer Price Index #used #car #loan

    #used vehicle values

    How BLS Measures Price Change for Used Cars and Trucks in the Consumer Price Index

    Leased Cars and Trucks

    The weight of Used Cars and Trucks in the Consumer Price Index is determined by spending on used cars and trucks less trade-ins on new and used vehicles and other sales of consumer owned vehicles.

    Pricing. The Bureau of Labor Statistics (BLS) does not collect price information on used cars and trucks. All price information for used cars and trucks used in the CPI comes from the N.A.D.A. Official Used Car Guide (NADA). All prices are adjusted for depreciation of the vehicle.

    A monthly price relative is calculated for each observation. The price relative is based on a three month moving average of the current and last two months depreciation adjusted prices. So for month t, we are comparing the price (Dt+Dt-1+Dt-2)/3 to the price (Dt-1+Dt-2+Dt-3)/3, where Dt is the depreciation adjusted price for month t.

    Sample Selection

    The current CPI sample of used cars and trucks was chosen with the J. D. Power Information Network. This is a network of car dealers who report sales of used vehicles to the J. D. Power Company. From the universe of 2 through 7 year old vehicles, a sample of 480 vehicles was chosen.

    The CPI sample consists of 480 observations. These observations are replicated in all of the CPI areas (after tax adjustments).

    The sample is updated by one model year each September through November. This maintains the same age vehicles over time. If a production model is discontinued, it is replaced by a comparable model. A complete resampling is scheduled every 5 years.

    Quality Adjustments

    Quality adjustments are made in the CPI for new and used vehicles based on manufacturers costs obtained by the BLS analysts. The quality adjustments that are made to used cars and trucks are the same adjustments that were made to the vehicles when they were new, they just occur in later years. Because the improvements are assumed to have depreciated at the same rate as the vehicle itself, the adjustment amount applied to used cars and trucks is appropriately depreciated.

    Issues associated with used cars and trucks

    Although the CPI uses the N.A.D.A. Official Used Car Guide to obtain prices, other sources are available. The two most commonly used sources are the Kelley Blue Book and the Black Book. Information on trends in used car and truck prices can be obtained from several other sources.

    Manheim Auto Auctions constructs a price index based on sales at their auctions. These are wholesale auto auctions only open to professional buyers. Manheim runs a chain of these auctions and has thousands of vehicles to use as source data. They do not do adjustments for depreciation or quality changes. The index comes out monthly.

    Adesa Auto Auctions is another chain of auto auctions. They have various data available on used car pricing trends but don t have a specific price index available.

    Automotive News is a trade publication covering the Automobile industry. It sometimes has information on used car and truck pricing trends

    Additional information

    Additional information on the Consumer Price Index can be found in the BLS Handbook of Methods. chapter 17, “The Consumer Price Index,” Bulletin 2490 (1997). The current version of this chapter is also available on the BLS Internet site at or you may call the Information and Analysis Section of the CPI at 202-691-7000.

    Last Modified Date: March 13, 2015

    Recommend this page using:

    Best Used Cars Under $10, 000 – Consumer Reports #car #scratch #remover

    #used cars under 10000

    You don’t have to spend a fortune to get a great car

    Need new wheels but have a tight budget? Don’t let that frustrate or worry you. There are a wide variety of models out there to suit your needs, and it’s easy to find a solid, reliable car with all the features you need. Just follow a few simple rules:

    • Look for a car with a good reliability track record. It’s no guarantee of finding an example that doesn’t have problems, but choosing a reliable model stacks the odds in your favor.
    • Choose one with electronic stability control (ESC). You should buy a model new enough to have ESC, a system that has proven to save as many lives as seat belts. Curtain airbags, which provide head protection in side crashes, is also a key safety feature.
    • Buy as new as you can afford. It may be a stretch, but that newer car likely has more safety features and fewer miles on it, improving the chances it hasn’t been abused.
    • Buy from a reputable seller. New car dealerships are usually the best place to find a good selection of gently used vehicles, but you can also find them at established used car lots as well as from private sellers.
    • • Look at past history. If possible, ask to see the previous title and contact the former owner. There’s no better way to find out the real history of a used car than from the person who owned it.

    The cars and SUVs below are those we recommend to friends and family. They performed well in our tests and have consistently had above-average reliability for the model years shown, based on our latest Annual Auto Survey. Each also came standard with ESC, unless otherwise noted.