To all our members impacted by the storm, we’re here to help. 
    Please call the Member Service Center at 800-688-7228 so we can work together to find the best solutions for you. And for members who need assistance with your Manufactured Home loan, please call our team of MH specialists at 866-310-2143 to discuss available options.

    Make a Large Purchase with Confidence

    3/22/2023
    3 minutes
    Skip buyer’s remorse with these 6 steps
    Making a large purchase can be a stressful experience for even the most experienced buyer. With a plan in place, you can feel good about your decision and minimize the risk for buyer’s remorse. Here’s our tips to ensure you make a large purchase with confidence.
     
    1. Research and compare. Before making an expensive purchase, do your research and compare prices and features of different products. Taking this extra time to research before buying decreases your chances of feeling regret, anxiety or guilt about a purchase.

    2. Determine your spending amount. Before you start shopping, set a spending amount for yourself and stick to it. This will help you avoid overspending and ensure that you are making a smart financial decision that you know fits into your spending plan.

    3. Read reviews. Be sure to read reviews from other customers who have purchased the same product. This will give you a good idea of the product's performance, durability and any potential issues you should be aware of.

    4. Consider the warranty. Many expensive purchases come with a warranty which can protect you from any potential issues or defects that may arise after you purchase. Be sure to read the warranty carefully and understand what is and isn't covered.

    5. Discuss financing options. Not all financing is created equal. Lots of big-ticket items are offered with 0% financing for a certain amount of time. Taking advantage of good financing options can be a smart financial decision, but always read the terms and conditions carefully and understand the fees and interest rates associated with the loan. Keep in mind approval and terms of financing might be dependent on your credit.

    6. Take your time. Don't rush into a big purchase. A good rule of thumb is to wait 24 hours for every $100 you want to spend to ensure you are comfortable with your purchasing decisions before you make them.

    Making an expensive purchase can be stressful, but with a little research, planning and preparation, you can ensure that you are making a wise financial decision and getting the best product for your money. Make an appointment at one of our Financial Health Centers for personalized guidance.