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Buying Or Leasing A Car Madera CA

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

Vintage Buick Pontiac Cadillac
(559) 674-0011
100 E 6th Street
Madera, CA
Services
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

Family A Auto Sales
(559) 645-0518
12034 Maywood Drive
Madera, CA

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Fresno Acura
(559) 431-3400
7250 N Palm Ave
Fresno, CA
 
Mercedes-Benz of Fresno
(559) 438-0300
7055 N Palm
Fresno, CA
 
Lithia Dodge of Fresno
(559) 431-4000
6162 N Blackstone Avenue
Fresno, CA
Services
Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

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

FIRST CHOICE AUTO BROKERS
(559) 435-1511
1740 WEST BULLARD AVE.
FRESNO, CA
 
Fresno's Auto Maxx
(559) 277-2775
4771 W Shaw Ave
Fresno, CA

Data Provided by:
Weber BMW
(559) 447-6700
7171 N Palm Ave
Fresno, CA
 
Data Provided by:

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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