Buying Or Leasing A Car Rochester NY

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

Dioguardi Auto Sales Inc
450 EMPIRE BLVD
Rochester, NY
 
Todds Automotive Marine World
(585) 254-4710
1640 Lyell Avenue
Rochester, NY
Services
Motorcycle Fabrication,Motorcycle Repair,Radiator Repair,Tune up Repair,Auto Dealers

Sunrise Auto Sales
1766 EMPIRE BLVD
Webster, NY
 
John Clifford Sales
657 W WHITNEY RD
Fairport, NY
 
Mid Citi Motors
(585) 464-0210
600 W Broad St
Rochester, NY

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Rockys Auto Sales
434 ORCHARD STREET
Rochester, NY
 
Excell Auto Sales
2950 CHILI AV
Rochester, NY
 
G&H Auto Sales
724 F RIDGE RD
Webster, NY
 
Rogers Auto Sales
70 ATTRIDGE RD
Churchville, NY
 
Terry's Used Car Sales
(585) 254-1690
215 Lyell Ave
Rochester, 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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