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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. Knowing this price can give buyers leverage during negotiations. GAP insurance is crucial if your down payment was low or your loan term is long. It’s often used as a starting point for negotiations.

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How to Haggle Car Price Like a Pro

Your Car Buying Advocate

Additionally, because of the way dealers list pricing online, you may not be aware of a markup over MSRP until you get down to the details of the deal or seeing it all line-itemed in a buyer’s order. Call each dealership and request a buyer’s order or price or menu as some dealers call them.

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