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Buying Or Leasing A Car Ithaca NY

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

B&A Sales
4744 CO RT 4
Burdett, NY
 
J&D Auto Sales
3957 RT 11
Cortland, NY
 
C&L Auto Sales
PB1007 219 S CTHR ST
Montour Falls, NY
 
Upstate Auto Ctr
(607) 756-4450
3990 West Rd
Cortland, NY

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Hunter Auto Sales & Service Inc
27-02 43 AVE
Longislandcity, NY
 
Daves Auto Sales
4000 WEST ROAD
Cortland, NY
 
Fc Waffner Auto Sales
764 NYS RT 13
Cortland, NY
 
Dynamic Auto and Truck
(607) 256-2277
355 Elmira Rd
Ithaca, NY

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Yonkers Honda
(914) 961-8180
2000 CENTRAL PARK AVE
Yonkers, NY
Services
Auto Inspection,Emissions Testing,Fuel Injection Repair,Radiator Repair,SUV Repair,Truck Detailing,Tune up Repair,Used Car Dealers,Auto Dealers

Ramos Twin Auto Sales Inc
1488 BRUCKNER BLV
Bronx, NY
 
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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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