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Buying Or Leasing A Car Holland MI

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

Elhart Pontiac GMC Jeep
(616) 392-8516
822 Chicago Drive
Holland, MI
Services
Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

Elhart Dodge Nissan Hyundai
(616) 396-0441
870 Chicago Drive
Holland, MI
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,SUV Repair,Tune up Repair,Van Dealers,Used Truck Dealers,Used Car Dealers,Auto Dealers

Harbor Toyota
(231) 733-1478
1050 Fulton Street
Grand Haven, MI
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,SUV Repair,Tune up Repair,Used Car Dealers,Auto Dealers

Accurate Automotive Group
(616) 399-6151
2530 Van Ommen Dr
Holland, MI

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Marv's Car Lot Inc
(616) 772-4684
2 W Washington Ave
Zeeland, MI

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Bob de Nooyer Chevrolet Inc
(616) 396-2333
600 E 8th Street
Holland, MI
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

Gage Motor Mall
(616) 842-2250
1701 S Beacon Boulevard
Grand Haven, MI
Services
Fuel Injection Repair,Radiator Repair,Tune up Repair,Van Dealers,Used Car Dealers,Auto Dealers

Alan Christian Motors
(616) 396-2014
1049 Washington Ave
Holland, MI

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European Autohaus
(616) 396-0001
11143 Watertower Ct
Holland, MI

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A Lot Of Cars LLC
(616) 892-2277
5566 Lake Michigan Dr
Allendale, MI

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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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