Buying Or Leasing A Car Staten Island NY

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

Grand Prix Auto Sales
264 THOMAS ST
Staten Island, NY
 
Phils Auto Sales
685 CARY AVE
Staten Island, NY
 
Lincoln Plaza Auto Sales Inc
712 THIRD AVE
Brooklyn, NY
 
Vernon 3 Auto Sales
628 TROY AV
Brooklyn, NY
 
G&S Auto Sales Inc
1810 UTICA AVENUE
Brooklyn, NY
 
Amalfi Auto Sales Inc
149 WILLOW AVE
Staten Island, NY
 
Liberty Auto Sales
2991 ARTHUR KILL RD
Staten Island, NY
 
Unique Auto Sales
97 STERLING ST
Brooklyn, NY
 
Daniel Auto Sales
599 NEW YORK AV
Brooklyn, NY
 
Sals Auto Sales Inc
1844 UTICA AVE
Brooklyn, 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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