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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
 
G&R Auto Sales
207 EDISON ST
Syracuse, NY
 
Eds Auto Sales
637 WEST GENESEE ST
Syracuse, NY
 
Spragues Auto Sales
101 GALE PL
Mattydale, NY
 
Charimas Auto Sales Inc
6251 FREEMONT RD
East 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
 
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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