Buying Or Leasing A Car Huntington NY

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

Enterprise Car Sales
1141 EAST JERICHO TP
Huntington, NY
 
Broadway Auto Sales & Supplies Co
247A BROADWAY
Huntington Sta, NY
 
Autostrasse Car Sales Inc
271 E JERICHO TPKE
Huntington, NY
 
Apc Sales Corp
50 AUSTIN BLVD
Commack, NY
 
R&R Auto Sales
454 FULTON ST
Farmingdale, NY
 
Park Ave Auto Sales Inc
733 PARK AVE
Huntington, NY
 
Oportunity Auto Sales
187 DEPOT RD
Huntington, NY
 
Engelmann Sales Corp
345 ROUTE 25A
Northport, NY
 
George Melillo Auto Sales
105 PINE HOLLOW RD
Oyster Bay, NY
 
Trade Wholesalers Inc
3 SUMMIT VIEW DR
Bayville, 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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