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What's This?

Deal

Down Payment

Gap Insurance

Understanding Dealership Jargon: Terms the Public May Not Know

Shawn Ryder

FEBRUARY 7, 2024

When you’re dealing with car dealerships, whether buying a new car or getting service on your existing vehicle, you might encounter several terms that aren’t immediately clear. F&I (Finance and Insurance) A department within a dealership responsible for arranging financing and insurance for customers purchasing vehicles.

Term

Term Gap Insurance Dealerships Extended Warranty

Hyundai Dealer Bait And Switch Sees Sonata Price Go From $13k To $21k

Carscoops

MAY 26, 2024

Had the original poster signed up for the deal with $2,000 down and the dealer-offered financing they’d end up paying over $26,000 for a car that is currently listed online for $12,995. “When submitting my application online, the out the door number was $32,207 with GAP. “Buyers beware.

Addendum

Addendum Finance Gap Insurance Pre-Qualify

Understanding Dealership Jargon: Terms the Public May Not Know

Hyundai Dealer Bait And Switch Sees Sonata Price Go From $13k To $21k

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