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Guide to the Common Dealership Terms When Buying A Car

Car Examer

APR (Annual Percentage Rate) APR is the interest rate on any car financing, shown as an annual percentage. APR includes both the interest rate and any fees, giving you the true cost of borrowing. It’s worth comparing APRs from different lenders, as your credit score and loan term will affect the rate offered.

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Do end-of-year sales really mean good deals?

Shawn Ryder

Financing Offers: Attractive financing terms, like 0% APR or deferred payment options. Longer Warranties: Extended warranty offers can be a part of year-end promotions, offering consumers peace of mind with their purchase.

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Understanding Dealership Jargon: Terms the Public May Not Know

Shawn Ryder

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. MSRP (Manufacturer’s Suggested Retail Price) The price that the manufacturer recommends the dealership sell the car for.

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Content Marketing Strategies for Lead Generation in Car Dealerships: Boost Sales Online

Turbo Marketing Solutions

For instance, you could create a series of blog posts or videos that walk through the process of obtaining a car loan, explaining terms like APR (Annual Percentage Rate) in simple language, offering guidance on how to improve credit scores for better loan rates, and comparing different financing options available at your dealership.

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