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Guide to the Common Dealership Terms When Buying A Car

Car Examer

NOVEMBER 2, 2024

Here’s a straightforward guide to the most common dealership terms you’ll hear at UK dealerships. Understanding these terms can help you feel more confident, negotiate better, and ultimately drive away with a great deal. 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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The Ultimate Car Buying Guide for 2024: Tips on Choosing the Right Vehicle, Understanding Financing Options, and Navigating Dealership Negotiations

Shawn Ryder

FEBRUARY 7, 2024

Explore Loan Terms: Consider the loan’s term length. While longer terms may offer lower monthly payments, they often result in higher overall costs due to interest. Understand the terms, including mileage limits and wear-and-tear policies.

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Finance Dealerships Mileage Limit Rebate 98
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