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. It’s worth comparing APRs from different lenders, as your credit score and loan term will affect the rate offered.

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Balloon Payment Term Mileage Limit Gap Insurance 59

Car Examer

DECEMBER 3, 2024

This can result in agreements that cost you more than you expected or leave you stuck with terms you didn’t fully understand. Vague or Misleading Terms: Key details like balloon payments, mileage limits, or early termination fees aren’t explained properly. The result? How Big Is the Problem?

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Finance Balloon Payment Early Termination Fees Termination Fee 59

Car Examer

JUNE 26, 2024

Book inspection Personal Contract Hire (PCH) is a type of long-term vehicle leasing where you essentially rent a car for a fixed period and mileage limit, usually between 2 to 4 years. Set Terms : Agree on the contract length, annual mileage limit, and any additional services like maintenance and servicing.

Termination Fee 59

Termination Fee Mileage Limit Early Termination Fees Balloon Payment 59

Car Examer

OCTOBER 19, 2024

Fixed monthly payments : This makes it easier to budget since your payments stay the same. No restrictions : You won’t have any mileage limits or conditions to worry about. Hire Purchase (HP) With Hire Purchase (HP) , you pay a deposit upfront, then make monthly payments to effectively “hire” the car.

Finance 59

Finance Balloon Payment Mileage Limit Banking 59