Lending Club Blog

Following Manufacturers’ Recommendations

Who knows the most about a particular product or service? The obvious answer is the manufacturer or service provider. Yet far too often we disregard their advice and spend more by following rules of thumb.

A classic example is determining when to change the oil in your car. When reading the previous sentence, how many of you instinctively thought that oil should be changed every 3 months or 3,000 miles? That rule of thumb is certainly well-known, much to the glee of your local quick lube establishment. The next time you’re in your car, pull out the owner’s manual and see what the manufacturer recommends. You’ll probably be surprised to learn that it’s much longer than the commonly believed 3 months or 3,000 miles. Age of vehicle, driving style, etc., can all affect the appropriate distance and time between oil changes (3 months or 3,000 miles could actually be correct for you, but you shouldn’t just blindly accept that number).

Manufacturers’ recommendations can go in the opposite direction as well. You may find that a product tends to wear out much faster than you expect. Reading the owner’s manual might key you in on a recommended cleaning or maintenance schedule, much more frequent than you’ve been using, to keep the product working at higher performance for a much longer time. Preventive maintenance is usually easy and inexpensive and almost always ends up saving you money compared to major repairs or frequent replacements.

Here on the Lending Club blog, I often mention how specialized advice, tailored to your own situation, is much more valuable than the generalized advice we commonly receive. In the case of products and services you buy, the best advice is often included with the product itself, if you simply take the time to look.

Do you read the owner’s manuals for the products you buy?

Thursday, May 7th, 2009 at 6:09 am

Comments (0)


Welcome Home

Lending Club named #5 on Forbes’ Most Promising Companies List

Get ready for tax season with Lending Club’s Tax Form Guide

New Adjusted Return Metric

See more
Lending Club Awards
  • Archives z

Recent Posts

Growing Your Business By Using Capital

Smart small business owners don’t wait to consider borrowing… Read More »
August 19, 2016

9 Reasons to Open an IRA

Retirement: a word that often comes with many connotations.… Read More »
August 5, 2016

6 Reasons to Get a Personal Loan

While it would be great if we all had enough… Read More »
July 29, 2016

Lending Club and the Marketplace Model

Some of our investors have observed the funding environment… Read More »
July 28, 2016

A Recap: Credit Strength on the Lending Club Platform

We are proud of our… Read More »
July 14, 2016

A Message to Investors from our President and Acting CEO

Today, our President and acting… Read More »
May 19, 2016

Lending Club Receives Tribeca Disruptive Innovation Award

Disruptive innovation comes in many… Read More »
April 29, 2016

Lending Club Business Financing Review

One of the biggest challenges of owning a small… Read More »
April 27, 2016

Lending Club partners with Funding Circle and Prosper to launch Marketplace Lending Association

Read More »
April 7, 2016

Lending Club Welcomes Maryland and North Dakota Investors!

We’re now open to retail… Read More »
February 23, 2016


We went public today!

Ringing the bell this morning at the New York… Read More »
December 11, 2014

New and Improved Statistics Page

We recently redesigned our Loan Statistics page to make… Read More »
November 13, 2014

Lending Club Honored with Economist Innovation Award

This month I was honored… Read More »
October 15, 2014

Welcome Vermont Investors!

Today, we’re thrilled to welcome residents of the state… Read More »
September 4, 2014

We filed to go public today

We filed a registration statement with the SEC today… Read More »
August 27, 2014

Our Billion Dollar Quarter

We’re excited to announce  that we’ve facilitated over $5… Read More »
July 8, 2014

Is Lending Club Available in My State?

Is Lending Club available in my state? That is… Read More »
July 7, 2014

Lending Club Joins Senator Cory Booker to Discuss Improving Access to Capital for Small Businesses

Read More »
June 20, 2014

Lending Club Named a CNBC Top 50 Disruptor for a Second Year

For the second year in… Read More »
June 17, 2014

PRIME is now Automated Investing

Lending Club is excited to announce that PRIME has… Read More »
May 14, 2014
View All w