You are viewing all posts for categories: finance

How to Trade in Your Old Car: Step-by-Step Guide

How to Trade In Your Old Car: A Step-by-Step Buyer’s Guide from Folsom Auto Mall

Quick Answer
Trading in your current vehicle is one of the easiest ways to reduce the cost of your next car. Right now, trade-ins remain a powerful tool for lowering purchase price, reducing taxes, and simplifying the buying process — especially when handled correctly. At Folsom Auto Mall, we help buyers maximize trade-in value while avoiding common mistakes.
Read More
Categories: , , , ,

How Down Payments Really Work.

Ever wonder how down payments work when you’re buying or leasing a new or used vehicle? The Folsom Auto Mall tries to make it simple for you.

Unless you’re buying a vehicle outright - that is, handing over a cash or check for the full value of the vehicle, chances are, you’ll be financing or leasing. Whether you’re financing or leasing a vehicle, a down payment (or cap reduction, when discussing a lease) is the initial money you pay toward the full sale or lease contract price. This lowers the remaining balance owed; that balance is paid…
Read More
Categories: , , ,

Should I Turn In or Buy Out My Lease?


Your lease is almost up. What are you going to do? Of course, you can turn it in. Sometimes it’s almost as easy as just handing over the keys. But sometimes you may owe money for mileage overages, wear and tear or accidental damage. Did you know that you might have another option? Have you ever considered buying out your lease? Most lease contracts allow you to purchase your leased vehicle for a pre-specified buyout price. Just like buying a used car, you can often finance that amount or simply pay it in full, in cash. But should you…
Read More
Categories: , , , ,

What are Debt Cancellation Agreements?

Have you ever wondered what Debt Cancellation Agreements are? Wondered why you might need one? Folsom Auto Mall is pleased to explain.

In short, debt cancellation agreements (sometimes referred to as “Gap”) are contracts that cover the difference - or the gap - between what your new vehicle is actually worth and the amount you still owe on it. Basically, your new car could depreciate faster than you pay down your loan, so you might end up owing more than it’s actually worth - especially in the first few years of ownership.
Read More
Categories: , ,

BUYING A NEW CAR VERSUS LEASING



So which is right for you? Obviously it varies, depending on your circumstance. How much money do you have? Do you want a car payment at all? Do you have money to put down? How’s your credit? Are you worried about service, repairs or maintenance? How long do you plan on keeping your vehicle? How important IS that new car smell? Come by the Folsom Auto Mall to check out your options and feel free to speak with a salesperson or finance team member to explore the pros and cons of getting a new or used vehicle. Or simple…
Read More
Categories: , , , , , , , ,

What to do if you’re going over your mileage on your lease



It happens to many drivers. You lease a vehicle with typical mileage conditions and as you’re approaching the end of your term, you realize you’re likely going to have overages. Most leases allow for for anywhere between 10,000 and 15,000 miles of driving per year. At 12,000 miles a year, that means a person should drive about 33 miles per day or 230 miles per week. But what if you realize your commute is longer than that? Or a few unexpected road trips have added more mileage than you expected? The Folsom Auto Mall has…
Read More
Categories: , , , , , , ,

Used Cars For Under $10,000 Near Roseville

Used Cars For Under $10,000 Near Roseville

You can find the used car specials you’ve been looking for

If you need cheap, reliable transportation for under $10,000, consider the Folsom Auto Mall. The Folsom Auto Mall is conveniently located near Roseville. With 9 dealerships and over 800 used vehicles available, you can find the used car specials you’ve been looking for.

The Folsom Auto Mall’s used car inventory changes daily; you can find local trades, low mileage lease returns, prior rentals and auction vehicles. You’re sure to find the low priced, quality vehicle you need.
Read More
Categories: , ,

Search Blog

Subscribe to Our Blog

Popular Tags

Used cars Folsom Auto Mall Lease Performance Maintenance Over Milage New Auto Gasoline Finance Dealership Driving Electric Service MPG Deals The Folsom Auto Mall low mileage lease returns low priced Tires newcar Price Hybrids Sale prior rentals and auction vehicles Roseville California Inventory racing Safety