No Money Down Loans and What You Should Know

One of the biggest questions we are asked is "Can I get this with no money down?".

This depends on the lender, credit and a few other variables. 

There are many lenders that will work with a no money down situation.

This sounds great..right?  However, there are a few things to consider to see if this option is right for you.  

Let's say you get approved for a loan on your dream car and you put no money down.  As you are driving off the lot you are also driving with a higher interest rate, larger monthly payment and no equity in your new vehicle.

Used cars already have a higher annual percentage rate (APR).  In most cases if you do mot make a down payment you will be looking as well at a higher payment.  

If you are approved and decide to use the no money down option be aware of the following.

1.  You will have no equity in your vehicle.  

2.  You may have a higher interest rate.

Be sure to pay attention to the terms and do your best to pay the loan off quicker to minimize your interest costs.

Emotional Stages When Buying a Car

Emotional Stages When Buying a Car 

When it comes to buying a car or any major purchase there is a flow of emotions.  It may be your first big decision, or maybe you have been down this road before, it still is the same.  Purchasing a vehicle is an achievement.  It is full of twists and turns, ups and downs.  Here are a few of the emotional stages of buying a car.

1.  ACCEPTANCE

I need a new car...here we go.  I really don't want to have a payment again. I really like my car. Now what do I want, were do I look? 

2.  SEARCHING 

In this stage you find yourself looking at every car in a parking lot or on the road.  You are getting a bit excited. What do I want, What do I need and What can I afford?

3.  EXCITEMENT

I think I have found what I am looking for! It is beautiful! I want it!

4.  WORRIED

After all the negotiations and back and forth you got the price you wanted AND the trade in value you hoped for. Now you maybe worried...Can I get approved, Can I get the rate and payment I am able to afford?

5.  HAPPY

I am approved! I signed all the papers! I took delivery! 

6.  BUYERS REMORSE

This does not happen to all, but to some next comes a feeling of remorse. Buyers remorse is a feeling of regret experienced after making a large purchase. You may start to question your purchase. depressed.  In this case you need to think about why you made the decision to make that purchase. 

There are other Emotional Stages as well that you may experience.  Here at Rankl & Ries Motorcars we work with you one on one through all the stages. We understand that purchasing a vehicle is not always a fun experience. We do our best to ensure a stress free buying experience from your test drive, to the finance office and even after your purchase.

Rankl & Ries Motorcars

4805 Tuscarawas St 

Canton, Ohio 

330-479-2000

When Is It Time To Trade In Your Vehicle

Signs it's time to trade in your current vehicle.

We all want to keep our vehicles as long as possible. When is it time to trade your current car, truck or SUV?
When you trade depends on the vehicle and your personal situation. 

Here are a few signs it's time to trade in and trade up:

1.  Repairs are mounting up. Fixing the vehicle is costing too much.  Don't spend more on it than it is worth.

2.  Your life has outgrown your car.  Life happens. Your family grows.  You are commuting longer and farther.  invest in something that will make your life easier.

3.  You cannot count on it anymore.  It is too unreliable.  If it spends more time in the shop or if it is unsafe to drive.

4.  Your mileage is over 100,000.  Miles mean a lot of things.  Your car has wear and tear and could give you problems in the near future.

5.  It is a gas guzzler.  With the cost of gas lately it can be a big deal to fill up at the tank.  You might want to start looking into something easier on gas.

If you can answer yes to any of these questions then it is time to trade in and trade up.
We are here to help assist you.  You can visit us online at www.ranklandriesmotorcars.com or call us at 330-479-2000 to set up your appraisal and test drive. We do our best to ensure you have a stress free experience when looking for your next vehicle.

Valentines Day Ideas for Families

Celebrating Valentines Day with your Family

Valentines Day is next Thursday.  This day is typically a day of romance, flowers, greeting cards and going out to eat.  Valentines Day is also about the love of family and celebrating with the kids.  Here are a few ideas to help make the day special for the little ones.

1.  Make heart shaped pancakes for breakfast

2.  Make homemade Valentines for each family member with words of appreciation or acts of kindness that you can do for each other.

3.  Create Valentines cards to give to elderly neighbors or to take to a local nursing home to be distributed to the residents.

4.  Many local pizza shops have heart shaped pizza on this day. Order one and have a movie night!

5.  Bake and decorate cupcakes or cut out cookies together.

6.  Have a family game night complete with snacks and of course some candy!

7.  Make Valentines keepsake boxes and each year write your child a letter to keep in the box that they can re-read each year and keep into adulthood.

These are just a few ideas.  Do you have a family tradition or have a suggestion as well? We would love to hear about them! 

Rankl & Ries Motorcars

330-479-2000

What Your Car Color Says About You

What Your Car Color Says About You

Did you know that what color car you drive speaks volumes about your personality?

Which color matches your personality?

BLACK- Powerful and Classic

WHITE- Pristine, Direct and Clear

PEARL WHITE- Exciting and Glamorous

SILVER- Elegant and Futuristic

RED- Outgoing and Dynamic

GRAY- Practical

BROWN- Down to Earth

YELLOW- Joyful and Have a sense of humor

Back To School Tips and Tricks

Back to School Tips and Tricks from Rankl & Ries

It's that time of the year! Time that parents have been waiting on for months.

Back to School!! Many of our districts have started back already and in the next week the rest 

of the kiddo's will be loading the yellow bus as well! Here are a few tips and tricks that the mom's 

here at Rankl & Ries Motorcars have found useful! 

1.  Create a family calendar.  This will help keep track of all activities and schedules for the

weeks ahead.  Nicole has kids in band and football.  She suggests using a white board like she has 

in the kitchen so that everyone sees it daily.  

2.  Make sure to create some family time each day.  Whether it is a night where you sit down at 

a meal together or about a half an hour before bed.  Barb said that she finds this helpful to kids.

It is a time to ask questions about each other's day and also let them know that even though we get busy, we always have time for family.

3.  Make sure to set up a designated homework space.  Make this an area that does not have a TV or gaming system that may be a distraction  Also, Nicole suggests make this a no cell phone zone.  

4.  Set up and keep to a weekday and weekend bedtime.  Consistency is key!

5.  Lay out school clothes the night before and if you pack, pack the lunchboxes as well at night.

6.  Set your clocks ahead in the house by 10 minutes.  This will ensure that your family is on 

time and does not miss the bus. 

7.  With such busy schedules with sports and other after school activities, be sure to keep grab and go

snacks on hand.

Here is to a great 2018/2019 School Year!!!

Tips For Your Next Test Drive

Today many of us begin looking for our next vehicle online.  We spend hours searching for 

that perfect vehicle and perfect price.  Although some will purchase a vehicle

sight unseen, we recommend that you still go into the dealership to test drive and physically inspect 

any vehicle before you sign any papers.  Here are some tips to follow when you are 

out on your next pre-owned test drive.

1.  Did the vehicle start up on the first try?

2.  Does it shift easily and smooth?

3.  Check to make sure that the power windows and seats work.  Also check 

the cruise control, A/C, heat, defrosters, radio, CD and DVD players work.

4.  Do you hear any noises?

5.  Does the vehicle have any rust or strange smells?

6.  How are the tires?

These are just a few tips for you.  You want to make sure when you are investing in a vehicle that it

is safe and reliable.

www.ranklandriesmotorcars.com

Financing as Easy as 1-2-3 at Rankl & Ries

You have spent hours online researching your next vehicle.  

You came in and took your test drive and agreed on the numbers.  

Next stop...Finance.

This can make people nervous.

Here at Rankl & Ries we strive to make the entire car buying experience stress free.

We do not judge! No matter if you are a 780 or a 480 you are treated the exact same way.

We are here to help, and with over 27 years of financing experience we can our finance department is one of the best! 

Good Credit, Bad Credit or Rebuilding your credit we will work with you personally and confidentially.

We invite you to discover the difference here at Rankl & Ries.

Feel free to contact us by phone at 330-479-2000 or visit us online and submit your information on our secure site.  

Financing as easy as 1-2-3!

What is GAP Coverage

What Is GAP Coverage?

What is GAP coverage or GAP Insurance? Do I need it? It costs extra?

These are some of the questions that you may have when you are sitting in the finance office for your next vehicle purchase.  Here is some information for you.

GAP stands for Guaranteed Auto Protection.  It is a form of auto insurance that a car buyer can get to protect themselves against a total loss.  

GAP insurance will cover the difference between your vehicles depreciated value and what you still owe if your vehicle is stolen or you are in an accident and it is a total loss.

In other words, let's say you owe $10,000 on your vehicle and you are in an accident.  Your insurance company says that it is a total loss.  They give you $5000 for the value of your vehicle. Now you are left still owing $5000 on a vehicle that you don't even have.  GAP would pay the remaining balance of $5000 and pay off your loan.  

It is wise to invest in GAP coverage to cover yourself in case of such events.

BBQ Safety Tips from Rankl & Ries Motorcars

BBQ Safety Tips from Rankl & Ries

Summer is here and that means it is time to spark up the grill!

It also means that the emergency rooms will be full of many that have injuries from charcoal and gas grills.

Here are a few tips to keep you safe when grilling.

-Keep the grill about 10 feet or more away from your home and decorations.

-Never leave the lighter fluid on the grill.

-If you are using a gas grill be sure to check for gas leaks.

-Keep a spray bottle of water on hand and a fire extinguisher close.

-Never leave the grill unattended.

-Make sure that the fire is all the way out before disposing of coals.

-Clean the grill frequently.

-Keep children and pets away from the area.

Click here to learn more about Rankl & Ries Motorcars.