Guide to the Common Dealership Terms When Buying A Car
Car Examer
NOVEMBER 2, 2024
List Price The list price is the manufacturer’s suggested retail price (the “sticker price”). With PCP, you pay lower monthly payments because a large portion of the car’s cost is deferred until the end of the agreement. Balloon Payment In a PCP agreement, the balloon payment is the final, larger payment needed to own the car outright.
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