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Buying Or Leasing A Car Albany NY

Are you buying or leasing a car? Here is how to avoid getting ripped off!

Ab Auto Sales & Detailing
191A BROADWAY
Albany, NY
 
Cypress Auto Sales Inc
955 ALBANY SHAKER RD
Latham, NY
 
G&J Auto Sales
RT 150 MAIN AVE
Wynantskill, NY
 
J&G Wholesale
2201 LYNNWOOD DR
Schenectady, NY
 
Auto Store Sales Llc
2751 5TH AVE
Troy, NY
 
Mr Lee Sales
94 VLY RD
Albany, NY
 
Jm Auto Wholesaler
1221 5TH AVE
Watervliet, NY
 
Franklyn Wholesalers
231 SARATOGA ST
Cohoes, NY
 
Mhj Auto Wholesale
428 CHISWELL RD
Schenectady, NY
 
2010 Auto Sales Llc
343 2ND AVENUE
Troy, NY
 

Buying Or Leasing A Car

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Pop Quiz: What’s the “Money Factor?”
(A) One of the three pillars of capitalism
(B) The reason why your diet for the past week has consisted of ramen noodles and hot sauce
(C) A personal, financial attribute; as in, “He has the wow factor, but not the money factor.”
If you answered any of the above, then you may need to brush up on your car-buying and -leasing terminology. But don't fret. We’ve put together the ultimate crib notes to help you before you head to the dealership.

LEASING
Leasing: It’s the hottest option out there today, and it’s a great way to get behind the wheel of a brand-new car. The leasing world, however, has a language all its own. Here are some handy phrases and their translations.

Residual Value: The guaranteed value of the vehicle at lease end that is used to calculate the monthly payment of a lease. When buying or leasing a new vehicle, choose a make/model with a high residual value to help lower the lease payment.

Realized Value: The actual, fair-market value of a leased vehicle at the time of the scheduled termination of a lease. The realized value may be either the wholesale or retail value of the vehicle, as specified in the lease contract.

Money Factor: Also known as a lease factor, the money factor is the interest rate of a lease contract, expressed as a multiplier to calculate monthly payments. To convert a money factor to a percentage, multiply it by 2,400....


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