Buying Or Leasing A Car Los Banos CA

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

Glory Auto Sales
(209) 854-9015
480 6th Ave
Gustine, CA

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Anaheim Chevrolet Geo
(562) 924-4295
215 S Euclid
Anaheim, CA
Services
Clutch Repair,Auto Dealers

Santa Monica Ford Lincoln Mercury
(888) 875-3867
1230 Santa Monica Blvd
Santa Monica, CA
Services
Auto Body Repair,Auto Repair,Clutch Repair,Auto Dealers,Used Car Dealer

Camarillo Independent Honda Acura and Toyota Specialist
(805) 987-8180
1955 E Daily Dr Unit 103 - 110
Camarillo, CA
Services
Auto Repair,Auto Dealers

Chevrolet Commercial and Medium Duty Trucks Sales and Service Wm L
(805) 524-0333
1024 West Ventura Street
Fillmore, CA
Services
Clutch Repair,Auto Dealers

Good Chevrolet
(510) 522-9221
1630 Park Street
Alameda, CA
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,SUV Repair,Tune up Repair,Auto Dealers

Porsche AUDI Mazda Oakland
(510) 893-7282
2560 Webster Street
Oakland, CA
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

Beaumont Powersports LLC
(951) 845-4882
680 Beaumont Avenue
Beaumont, CA
Services
Motorcycle Fabrication,Auto Dealers

Soto Auto Sale
(323) 268-3350
400 S Soto Street
Los Angeles, CA
Services
Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

Scott Chevrolet
(626) 579-0500
3333 Santa Anita Avenue
El Monte, CA
Services
SUV Repair,Truck Auto Body,Truck Service Station,Auto Dealers

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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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