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Buying Or Leasing A Car Clovis CA

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

Lithia Ford of Fresno
(559) 435-8400
195 E Auto Center Drive
Fresno, CA
Services
SUV Repair,Auto Dealers

Downtown Auto Center Fresno
(559) 225-8200
2534 N Blackstone Avenue
Fresno, CA
Services
AC and Heating Repair,Brake Repair,Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers,Used Car Dealer

Fresno Infiniti
(559) 435-5001
711 West Palmdon Drive
Fresno, CA
Services
Truck Auto Body,Van Dealers,Auto Dealers

Central Valley Truck Center
(559) 266-9531
2707 S East Avenue
Fresno, CA
Services
Truck Parts,Auto Dealers

Liberty Chevrolet
(559) 896-5000
2755 Auto Mall Drive B
Selma, CA
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,SUV Repair,Tune up Repair,Used Truck Dealer,Van Dealers,Auto Dealers

Lithia Dodge of Fresno
(559) 431-4000
6162 N Blackstone Avenue
Fresno, CA
Services
Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

Acura and Honda Specialist
(559) 251-0999
4338 E Belmont Avenue
Fresno, CA
Services
Transmission Repair,Auto Dealers

Sanger Ford Mercury
(559) 681-6941
77 South Academy Avenue
Sanger, CA
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers,Used Car Dealer

Central Valley Honda
(559) 834-9474
3020 San Antonio Drive
Fowler, CA
Services
Motorcycle Fabrication,Auto Dealers

ZJ's Auto Body
(559) 298-9691
361 North Minnewawa Ave
Clovis, CA
 

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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