Buying Or Leasing A Car Plattsburgh NY

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

Dannemora Ford Inc
(518) 492-2525
1071 Route 374
Dannemora, NY
Services
AC and Heating Repair,Auto Inspection,Clutch Repair,Emissions Testing,Fuel Injection Repair,Radiator Repair,SUV Repair,Truck Auto Body,Tune up Repair,Truck Dealers,Auto Dealers

Beaudoin's Auto Radiator
(802) 863-3138
8 Home Ave
Burlington, VT
 
Dioguardi Auto Sales Inc
450 EMPIRE BLVD
Rochester, NY
 
Bellingers Auto Sales & Service Inc
2746 CO RT57
Fulton, NY
 
Bedrock Auto Sales
102 HOMESTEAD AVE
Maybrook, NY
 
Bond Auto Parts
(802) 660-3390
555 Shelburne Rd
Burlington, VT
 
Burlington Collision Center
(802) 864-9411
411 Riverside Ave
Burlington, VT
 
Cedarhurst Auto Sales Ltd
668 CENTRAL AVE
Cedarhurst, NY
 
Tally Ho Auto Sales
2523 KINGDOM RD
Waterloo, NY
 
Gabrielli Ford Truck Sales & Service Inc
3200 HORSEBLOCK RD
Medford, NY
 

Buying Or Leasing A Car

Provided by:

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....


Click here to read the rest of the article at YoungMoney.com.