Timing is everything with auto purchase
Exchange-traded funds bring
diversity to portfolio
September marks the traditional turn of
the vehicle model year, a time when
car dealers push to sell their 2004 models
to make room for the new 2005 inventory.
DeVille, selling at an average of $13,048
below sticker price, and the Lincoln
Navigator, selling at an average of $12,999
below sticker price.
Many investors are taking a look at
exchange-traded funds (ETFs) as an
For consumers, this can be the best
time to land a great de al. Last
year experts reported that
new-car dealers offered
greater price discounts on 2003 models in September
than earlier in the
Edmunds.com, an online
automotive community, of the 1.3 million
new vehicles sold in September 2003, 69
percent were 2003 models, and nearly half
of those sold for an average of $5,000
below sticker price. Models with the
biggest discounts included the Cadillac
Costco can help you save even more
on a September auto pur-
chase in two important
ways. Use the Costco
Auto Program to take all
the legwork out of finding
your dream car at a no-
haggle, prearranged price.
Then finance your new car with
Costco’s online auto-loan service
provided by Capital One Auto
Finance, with discounted rates for all
Q: What is an ETF?
A: Exchange-traded funds are “baskets”
of stocks that track a specific index, like
the S&P 500 or the Dow Jones Industrial
Average. Since ETFs have the same holdings found in an index, fund managers have
a limited or “passive” advisory role.
Q: What advantages do ETFs offer?
A: There are many advantages.
• ETFs are considered cost effective, often
with low annual expense ratios.
For more information, visit costco.com
and click on “Services.” Note: Loans are
provided by Capital One Auto Finance and
are subject to credit approval.
• They are less likely to experience high
management fees because they are
index based and not actively managed.
SEPTEMBER ONLINE TRAINING
• They are tax efficient, as they minimize
capital-gains distributions by tracking
indices. Like stocks, they create a tax
event only when the shares are sold.
NOVA lowers rates on
Home and office complete
• They are transparent, meaning investors
know exactly what’s being invested in
because the holdings are disclosed each
More than 50 courses are included in
the following categories:
Through Costco’s provider, Share-
• Computer and Internet basics
• PC Software 2003, XP and
Office 2000 curriculum
Costco’s credit-card-processing provider
has lowered its rates. For MasterCard and
Visa transactions, retail classified merchants
now pay 1.65 percent plus 20 cents per card-swiped transaction, and 1.99 percent plus 27
cents per mail- or phone-order classified
transaction. For details, visit costco.com,
click on “Services,” then click on “Merchant
Credit Card Processing.”
• Networking and security
• Business and professional skills
Offer valid through September 30, 2004.
For complete details or to redeem this
limited offer, visit costco.com, click on
“Services,” then “Online Training” and
then “Special Promotions.”
Prepaid overnight delivery
gets new name: DHL
Builder, investors can elect to invest
directly in stocks and ETFs of their choice
with no minimums and low transaction
fees. To open a ShareBuilder account, visit
costco.com, click on “Services,” then click
on “ShareBuilder Online Investing.”
Note: ShareBuilder is offered through
ShareBuilder Securities Corporation, member NASD/SIPC. ShareBuilder is not affiliated with Costco.
A merger between Airborne Express and
■ $49.99 for Executive Members
■ $59.99 for Business and Gold Star
DHL means that Costco members will continue
to enjoy the same great savings on their prepaid overnight deliveries with DHL’s Ship Don”tt forgett
Ready Express Envelopes. DHL is the world’s tto use your
leading express and logistics company. Reward on
Members may continue to use Flight-Ready your nextt
envelopes through DHL. See “Services” at purchase
costco.com for complete details.
All services are provided by third parties and may not be available in all areas.
Certain restrictions apply. See “Services” at costco.com for applicable terms and conditions.
To learn more about our complete suite of member services, click on the “Services” link at costco.com or call 1-800-220-6000.