APR, Gap Insurance and Manufacturing - Auto Dealership Digest

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APR

Gap Insurance

Manufacturing

Guide to the Common Dealership Terms When Buying A Car

Car Examer

NOVEMBER 2, 2024

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.

Balloon Payment

Balloon Payment Term Mileage Limit Gap Insurance

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

Gap Insurance

Gap Insurance Term Extended Warranty Insurance

Guide to the Common Dealership Terms When Buying A Car

Understanding Dealership Jargon: Terms the Public May Not Know

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