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Buying Or Leasing A Car Buffalo NY

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

Ultra Car Sales
1609 MAIN STREET
Buffalo, NY
 
Kenmore Auto Sales Of Buffalo Inc
1346 KENMORE AVENUE
Buffalo, NY
 
Northtown Lexus
(716) 839-4600
3930 Sheridan Drive
Buffalo, NY
Services
Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

Union Auto Sales Inc
3100 WALDEN AVE
Depew, NY
 
Licatas Auto Service & Sales Inc
3166 WALDEN AV
Depew, NY
 
Best Deal Auto Sales
1290 BAILEY AV
Buffalo, NY
 
Family Auto Sales
1992 NIAGARA ST
Buffalo, NY
 
Paddock Chevrolet
(716) 876-0945
3232 Delaware Avenue
Buffalo, NY
Services
Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

Transitowne Resale Of Depew
4525 BROADWAY
Depew, NY
 
La Automotive Sales
1271 ABBOTT RD
Lackawanna, 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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