Lease? Or buy? These are the options for St. Peter drivers. It’s always a tough question for auto owners, but here is some info that’ll help you make an informed decision.

If you buy, you’ll pay the full cost of the vehicle, maybe an initial down payment, monthly payments on the balance that pays down the loan principal, and the finance charge.

St. Peter drivers who lease finance the portion of the cost of the vehicle that’s used up during the term of the lease. You’ll pay some money up front: fees, security deposit, first month’s payment and maybe a capital reduction. The monthly payments include a depreciation cost and a finance charge. When the lease is up, you return the vehicle to your local St. Peter area dealership. 

So how do St. Peter drivers decide?

First, how much do you have for a down payment? A lease usually requires a smaller down payment.

How much monthly payment can you afford? Again, lease payments will be much lower for any given down payment.

A lease needs requires better credit, so that’s a factor.

How long will you keep the vehicle? St. Peter drivers who keep their vehicles around for a while will pay less if they buy. But just two or three years? Then leasing is the way to go.

If your car might suffer a ding or two, like a work truck would, then buying’s better. The auto leasing company will want their vehicle back at the lease end in tip top shape, and if repairs are needed, you’ll pay.

How far do you drive in and around the St. Peter area? Important to consider because leases have a mileage limit; if you go over, you pay a hefty charge per mile/kilometer when the lease is up. So high mileage MN drivers should definitely buy.

Will the car be used in your business? Check with your accountant, but both financing options have different tax benefits, depending on your circumstances.

Over the short term, leasing is much cheaper. Medium term, leasing and buying costs are about the same. Over the long haul, leasing always costs more.

Leases may sound a bit complicated, and the typical lease decision weighs more on the monthly payment rather than price. So sometimes St. Peter leasers may pay on a higher purchase price than a buyer would.

Here is a tip: If the salesman asks if you’ll be leasing or buying, say you’re not sure yet. Make your best deal, then look at your financing options.

Here’s another: With a buy or a lease, if you total the vehicle, you’ll owe the full amount of the loan, or the balance of the lease payments. Usually, it’s less than the vehicle’s fair market value, and that’s all your MN auto insurance company will pay. But ask your St. Peter agent about gap insurance, which pays the difference between fair market value and what you owe. Big consideration for a lease.

Remember, you have to return your leased vehicle in excellent condition and may need to do all the vehicle manufacturer’s recommended service and maintenance or face penalties. So see your local advisor at your St. Peter auto repair shop  or Autotronics of St. Peter on a regular basis, get the required work done and save the service records. It’s well worth it.

Autotronics of St. Peter
111 Jefferson Avenue
St. Peter, MN 56082
507.934.9290
http://autotronicsstpeter.com

Most St. Peter folks occasionally have days when they’ve got a bunch of errands to run. Yesterday was my day off and I needed to fill the gas tank, pick up some groceries at my St. Peter market, swing by the ATM and get the kids from school. I could have made four trips . . . but that would have been totally inefficient. Instead I got unusually organized and planned my stops. I hit the ATM first and got gas next. Then I went to the supermarket and picked up the kids on the way home. I was proud of my wise use of time and money.

What does this have to do with your car? Well, back in the day, each of your engine’s accessories, like the alternator and air conditioner, were powered by separate belts. A vehicle might have five or six belts. These days, vehicles have a single belt to run all the accessories. It’s called the serpentine belt. A pulley attached to the vehicle engine’s crank provides the power to turn the serpentine belt. On the engine in the video, the first accessory in line is the power steering pump, which makes it easier to steer your vehicle.

Next comes the alternator which powers the vehicle’s electrical system and charges the battery. Then the air conditioning compressor. This helps make cold air to keep you comfortable all summer long in St. Peter. Finally, we come to the belt tensioner. Its job is to apply pressure on the belt to keep it tight. Then, back home to the crank.

This is a pretty typical setup, but it can vary somewhat. In some vehicles the water pump or radiator fan or the power brakes are also run by the serpentine belt. Some even have two serpentine belts. No matter how your engine is laid out, you’re not going far without a serpentine belt. Your vehicle manufacturer has a recommended interval for replacing your belt and your Autotronics of St. Peter service technician can inspect it for damage or wear.

Several years ago, manufacturers started making serpentine belts out of a new material. It’s much more durable, but it’s harder to tell when the belt needs to be replaced. The old style belts would crack and chunks would fall off so you could easily see when you needed a new one.

On the new style belts, if the ribs wear too deep, it’s time to replace. Your Autotronics of St. Peter technician uses a simple gauge to tell when the belt is worn.

A worn belt stresses your vehicle engine’s expensive accessories and causes them to wear prematurely. So, change your serpentine belt and belt tensioner according to your manufacturer’s recommendations to extend the life of your accessories and to prevent future breakdowns.

Give us a call.

Autotronics of St. Peter
111 Jefferson Avenue
St. Peter, MN 56082
507.934.9290
http://autotronicsstpeter.com

The function of the fuel filter is pretty self-explanatory. It filters your fuel. The fuel filter is in the fuel line somewhere in between the fuel tank and the engine. Both gas and diesel vehicles around St. Peter use fuel filters.

For more information about your fuel filter, visit Autotronics of St. Peter at 111 Jefferson Avenue in St. Peter, MN 56082.
Please call 507.934.9290 to make an appointment.

Generally speaking there’s not a lot of dirt in our St. Peter area auto fuel supply, but there is enough that you want to screen it out. The problem actually gets worse the older your vehicle becomes. That’s because dirt, rust and other contaminants will settle out of the fuel and onto the bottom of the fuel tank. After your vehicle is five years or older, it can actually have a fair amount of sediment built up.

That just means that the fuel filter has to work harder as your vehicle ages. It’ll get clogged sooner and need to be replaced more often.

A symptom of a clogged fuel filter is that the engine sputters at highway speeds or under hard acceleration. That’s because enough fuel is getting through around town, but when you need more fuel for speed, enough just can’t get through the filter. Obviously, that could be dangerous if your car or truck can’t get enough power to get you out of harm’s way.

For just that reason, fuel filters have a bypass valve. When the filter is severely clogged, some fuel can bypass the filter all together. Of course that means that dirty, unfiltered fuel is getting through to be burned in the engine.

This dirt can then clog and damage your fuel injectors. Now injectors are not cheap to replace, so you don’t want to cause them damage just because you didn’t spend a few bucks to replace a fuel filter.

You know, in a way, the fuel filter can be the poster child for preventive maintenance. It’s a little part, it’s simple and it’s cheap to take care of. But if it’s neglected, it could lead to thousands of dollars in repair bills.

Those auto service schedules in your owner’s manual are there for a reason. If ever you don’t understand a recommended service, just ask your St. Peter service advisor at Autotronics of St. Peter. We’ll be happy to explain.

Autotronics of St. Peter
111 Jefferson Avenue
St. Peter, MN 56082
507.934.9290
http://autotronicsstpeter.com