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Guide to the Common Dealership Terms When Buying A Car

Car Examer

NOVEMBER 2, 2024

While it’s a helpful starting point, keep in mind you can often negotiate below this, as dealerships sometimes have offers or discounts that can bring down the cost. APR (Annual Percentage Rate) APR is the interest rate on any car financing, shown as an annual percentage.

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Balloon Payment Term Dealerships Mileage Limit 59
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Understanding Dealership Jargon: Terms the Public May Not Know

Shawn Ryder

FEBRUARY 7, 2024

The F&I manager will also offer additional products such as extended warranties and GAP insurance. APR (Annual Percentage Rate) The annual rate charged for borrowing or earned through an investment. Upside Down When you owe more on your vehicle loan than the car is currently worth.

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Term Gap Insurance Dealerships Extended Warranty 40
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