Buying Or Leasing A Car Kalamazoo MI

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

Orrin B Hayes Inc
(269) 345-0167
543 W Michigan Avenue
Kalamazoo, MI
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,SUV Repair,Tune up Repair,Used Car Dealers,Auto Dealers

Metro Toyota Inc
(269) 375-1000
5850 Stadium Drive
Kalamazoo, MI
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,SUV Repair,Used Car Dealers,Auto Dealers

Prestige Motor Sales
(269) 372-4800
4006 W Michigan Ave
Kalamazoo, MI

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B-line Service Inc.
(269) 382-5463
4305 Portage St.
Kalamazoo, MI
Car Makes
all makes & models
Hours
8-5:30 m-f
Prices and/or Promotions
10,000.00 & under

Tennyson Chevrolet
(734) 425-6500
32570 Plymouth Road
Livonia, MI
Services
SUV Repair,Truck Service Station,Auto Dealers

Harold Zeigler Auto Group Inc
(269) 375-4500
4201 Stadium Drive
Kalamazoo, MI
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,SUV Repair,Tune up Repair,Used Car Dealers,Auto Dealers

Bud & Doug Walters Auto Sales
(269) 375-7008
1600 S Drake Rd
Kalamazoo, MI

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TC Auto
(269) 544-4567
8419 W Main St
Kalamazoo, MI

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Midwest Motors
(269) 685-9197
1208 M 89
Plainwell, MI

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St Clair Chrysler Jeep Dodge
(810) 329-2100
1250 S. Carey Dr
Saint Clair, MI
Services
Fuel Injection Repair,Radiator Repair,Tune up Repair,Used Car 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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