Buying Or Leasing A Car Poughkeepsie NY

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

Happy Wheels Auto Sales Inc
1 OAKDALE AV
Poughkeepsie, NY
 
Miniconi Auto Sales
176 TUCKERS CORS RD
Highland, NY
 
Ub Auto Sales
44 CLOVE VALLEY RD
Hopewell Jct, NY
 
Matthews Auto Sales
51 BEYER DRIVE
Poughquag, NY
 
Garrisons Auto Sales
171 WINDSOR HIGHWAY
New Windsor, NY
 
Genesis Auto & Light Truck Sales
701 VIOLET AVE
Hyde Pk, NY
 
Rc Wholesale
1179 MILTON TPKE
Clintondale, NY
 
New Paltz Auto Sales
(845) 255-2277
91 North Chestnut Street
New Paltz, NY
Services
Auto Inspection,Fuel Injection Repair,Radiator Repair,Tune up Repair,Used Car Dealers,Auto Dealers

East Chester Auto Sales
520 ALBANY AVE
Kingston, NY
 
Kanes Auto Sales Inc
833 UNION AVE
New Windsor, 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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