For immediate release Español

The Federal Reserve Board today announced two new Internet resources for Spanish-speaking consumers. Consejos para arrendar un vehículo: Guía del consumidor (Keys to Vehicle Leasing: A Consumer Guide) at www.federalreserve.gov/pubs/leasing/guide_spanish.htm provides an overview of the most common type of vehicle lease used by the automotive industry, a closed-end lease. It provides four key messages for consumers: Arrendar un vehículo es distinto a comprarlo. (Leasing is different from buying.) Considere los costos al inicio, durante y al final del contrato de arrendamiento. (Consider beginning, middle, and end-of-lease costs.) Se puede comparar distintas ofertas de arrendamiento y negociar algunas de las condiciones. (Compare different lease offers and negotiate terms.) Conozca sus derechos y responsabilidades. (Know your rights and responsibilities.) A sample consumer leasing form (muestra del formulario de arrendamiento para el consumidor) is included so consumers can become more familiar with the document they will receive when leasing a vehicle. An English-language version of the same material is available at www.federalreserve.gov/pubs/leasing/guide.htm. Buscando la hipoteca más favorable: Compare, Verifique, Negocie (Looking for the Best Mortgage: Shop, Compare, Negotiate) is available at www.federalreserve.gov/pubs/mortgage/mortb_1_spanish.htm. The site describes how comparing and negotiating interest rates, fees and other payment terms may help consumers get the best financing and possibly save thousands of dollars, whether it's a home purchase, a refinancing, or a home equity loan. The site outlines key steps to take in the mortgage shopping process: Obtenga información de varias fuentes de crédito. (Obtain information from several lenders.) Obtenga toda la información sobre los costos. (Obtain all important cost information.) Negocie el trato más favorable. (Negotiate for the best deal.) A mortgage-shopping worksheet (Hoja de cálculo para préstamos hipotecarios) helps consumers compare different loans and different lenders to obtain the best deal. An English-language version of the material is available at www.federalreserve.gov/pubs/mortgage/mortb_1.htm. Printed copies of both the Spanish and English versions of Consejos para arrendar un vehículo: Guía del consumidor (Keys to Vehicle Leasing: A Consumer Guide) and Buscando la hipoteca más favorable: Compare, Verifique, Negocie (Looking for the Best Mortgage: Shop, Compare, Negotiate) are available by contacting the Federal Reserve Board's Publications Services, Mail Stop 127, Washington, DC 20551 (202-452-3245). The first 100 copies are free.

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