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
 
Rockys Auto Sales
434 ORCHARD STREET
Rochester, NY
 
Sunrise Auto Sales
1766 EMPIRE BLVD
Webster, NY
 
John Clifford Sales
657 W WHITNEY RD
Fairport, NY
 
Terry's Used Car Sales
(585) 254-1690
215 Lyell Ave
Rochester, NY

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Excell Auto Sales
2950 CHILI AV
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

G&H Auto Sales
724 F RIDGE RD
Webster, NY
 
Rogers Auto Sales
70 ATTRIDGE RD
Churchville, NY
 
Coia Auto Sales
(585) 546-3855
550 W Broad St
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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