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Buying Or Leasing A Car Bronx NY

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

Bx Auto Sales
2020-2040 WESTCHSTR
Bronx, NY
 
Jor Auto Sales Inc
1709-11 JEROME AVE
Bronx, NY
 
Ramos Twin Auto Sales Inc
1488 BRUCKNER BLV
Bronx, NY
 
Fd Wholesalers
717 E 234 ST
Bronx, NY
 
1220 Auto Sales Inc
38 BEACH ST
Mount Vernon, NY
 
Pima Motor Sales Inc
2956 JEROME AV
Bronx, NY
 
Big Gs Auto Sales Inc
3600 BOSTON RD
Bronx, NY
 
A Triangle Auto Sales Inc
2911 BOSTON RD
Bronx, NY
 
J&D Auto Sales Inc
110 EDISON AVE
Mount Vernon, NY
 
C&S Auto Sales
317 EAST 3RD ST
Mount Vernon, 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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