Buying Or Leasing A Car Watertown NY

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

Kc Auto Sales
19208 US RT 11
Watertown, NY
Thesier Implement Sales & Service
POB 53 10931 ST RT26
Deer River, NY
C&C Auto Sales
POB 678 7271 RT 226
Savona, NY
W2P2 Auto Sales
Brewster, NY
Interstate Auto Sales
Schoharie, NY
Watertown Auto Sales Inc
18890 US ROUTE 11
Watertown, NY
Bayshore Cars & Truck Sales Inc
Bayshore, NY
Afc Auto Sales Inc
Sayville, NY
Thesier Implement Sales & Service
POB 53 10931 ST RT26
Deer River, NY
Morgns Livestock& Trailer Sales Llc
Sandusky, NY

Buying Or Leasing A Car

Provided by:

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: 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....

Click here to read the rest of the article at