Going over the mileage limit on your lease?
The benefits of buying versus leasing...
Buying or leasing your next vehicle is a tough choice. There are pros and cons to both options and what you choose depends on many factors. The Folsom Auto Mall helps break down some of the benefits and potential drawbacks of buying versus leasing.
How Down Payments Really Work.
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…
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…
Gas VS. Electric Vehicles
Most people are aware of the pros and cons of gas-powered and electric vehicles, but we’re going to try to make it even clearer for you with a quick explanation. At the Folsom Auto Mall, we have a tremendous selection of both - so regardless of your preference, we’re sure to have a vehicle you’ll love at a price you’ll love even more.
Driver Assist Features
Technology has advanced by leaps and bounds in the last several years. The same can be said for automotive-specific technology. We’re not just talking about entertainment and infotainment tech; though, of course, things like device-integration, wi-fi and touchscreen app-connect have come a long way, too. This article is about the all-new driver assist features that can be found on most new vehicles today. These features are just a hair’s breadth away from autonomous driving. Most are safety features, but some are simply helpful or convenient.
What 0% Financing Really Means
What 0% Financing Really Means...
For years, you’ve heard the advertisements for zero percent financing on your favorite new vehicles. But what does that mean? No interest financing means you can borrow money from a lender, for free! The money you are borrowing is exactly the amount you’ll be paying back. You won’t pay any additional fees on that loan. What exactly does that mean for you? Depending on how much you’re borrowing, and how long you have to pay it back, that means you could save thousands of dollars on your loan!
Should I Buy New or Used?
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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