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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…
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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…
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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.
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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…
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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…
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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.
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Used Car Dealer Fair Oaks

Used car dealer near Fair Oaks

The Folsom Auto Mall is less than 15 minutes away from Fair Oaks, via US 50, Folsom Boulevard Exit.

The Folsom Auto Mall sells 13 new car brands, which means there is always an influx of used cars and trucks as trades and lease returns. Many of these used vehicles are late model, low mileage with remaining factory warranties included. Some are even factory certified. Hundreds of used cars are available at all times. Nearly every make and model is available, with prices to fit every budget. There is even a large selection of pre-owned vehicles under $15,000.

 
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