AVOID BEING "UPSIDE DOWN":

Nowadays, many lenders urge you to borrow 100%--or more

--of the cost of a car or other major purchase.  We do  not.  

Our objective?  To help you avoid being "upside down."  

You are upside down when you can't sell your car 

(or motor home, motorcycle,  etc.)  for enough to pay off 

your loan.  Before you know it, you're borrowing money  

today  to finish paying off a vehicle you bought many years 

ago--but no longer own.  

    Avoid that trap.  Be smart.  Borrow LESS than 100%

of the cost of your vehicle. You'll take comfort in knowing

 that, if your needs change, or your purchase begins 

running up outrageously high repair bills, you can 

sell it for enough money to pay your loan in  full.   

    Another way to plan ahead is to figure out  now  

how much you'll need for your next down payment.  

Divide it by the number of payments on your loan.  

Add that amount to your loan payment each month.  

Write "LN + SHRS" on your payment check and we'll 

add it to your Women's Southwest share (savings) 

account.  For instance, if you decide that you'll want 

$6,000 in 5 years, tack a $100 savings deposit onto

each of your loan payments on a 5-year loan.  

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