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Buying Or Leasing A Car Syracuse NY

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

Brian Farmers Auto Sales
2250 PARK ST
Syracuse, NY
 
Abc Auto Sales
2424 LODI ST
Syracuse, NY
 
L&V Domestic&Inportd Auto Sales Inc
361 SIXTH NORTH ST
Syracuse, NY
 
Mvv Sales Company
130 MARLY DR
Syracuse, NY
 
Rays Auto Sales & Service
7294 MINOA BRGPRT RD
East Syracuse, NY
 
Eds Auto Sales
637 WEST GENESEE ST
Syracuse, NY
 
G&R Auto Sales
207 EDISON ST
Syracuse, NY
 
Spragues Auto Sales
101 GALE PL
Mattydale, NY
 
Charimas Auto Sales Inc
6251 FREEMONT RD
East Syracuse, NY
 
Bresee Chevrolet
(315) 233-0333
604 Old Liverpool Road
Liverpool, NY
Services
Auto Body Repair,Auto Repair,Truck Auto Body,Auto Dealers

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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