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Buying Or Leasing A Car Merced CA

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

Razzari Nissan
(209) 383-0100
1675 Auto Center Drive
Merced, CA
Services
Radiator Repair,Tune up Repair,Auto Dealers

Lupitas Auto Sales
(209) 394-3448
2235 F Street
Livingston, CA

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Fiesta Ford Lincoln Mercury
(800) 884-1076
78990 Varner Rd
Indio, CA
Services
Oil Change and Lube,Auto Repair,Clutch Repair,Retail Tire,Auto Dealers

OTD Cycle Sports
(530) 885-7105
11905 Dry Creek Road, # 100
Auburn, CA
Services
Motorcycle Fabrication,Auto Dealers

Mistlin Honda Automobiles
(209) 549-5000
4754 McHenry Avenue
Modesto, CA
Services
Radiator Repair,Tune up Repair,Auto Dealers

Merced Toyota
(209) 725-9000
1400 Auto Center Dr
Merced, CA

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Martinez Used Cars
(209) 394-3998
1290 Court St
Livingston, CA

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Westoaks Chrysler Dodge Inc
(866) 497-7380
3839 Auto Mall Dr
Thousand Oaks, CA
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,SUV Repair,Tune up Repair,Auto Dealers,Used Car Dealer

Jaguar Land Rover Mission Viejo
(866) 829-0565
28701 Marguerite Parkway
Mission Viejo, 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

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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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