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Guide to the Common Dealership Terms When Buying A Car

Car Examer

Understanding these terms can help you feel more confident, negotiate better, and ultimately drive away with a great deal. Deposit Contribution A deposit contribution is essentially a discount offered by the dealership or manufacturer when you finance through their specific program. Book inspection 1.

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Dealers' margins squeezed by EV shift, greater consumer protection

Autocar

Many manufacturers have helped out their dealers by stipulating servicing intervals for EVs that mirror those of their ICE equivalents. Many dealers now bundle EV servicing into a package deal with monthly payments. Sometimes other elements are bundled in to make the deal look appealing, for example AA membership from MG.

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Select Car Leasing partners with MotorEasy

Motor Trader

Mark Tongue, Joint CEO and Founder of Select Car Leasing, said: “The collaboration provides additional peace of mind to Select’s extensive database of customers and also introduces MotorEasy’s membership of more than one million car owners to some of the most competitive lease deals on the market. Alloy Insurance begins at £6.50

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Negative equity in car – cover with down payment or use for newer vehicle?

Shawn Ryder

Discounts and Incentives: Research current discounts, manufacturer incentives, or financing deals that can enhance your purchase and potentially reduce the impact of negative equity. Consider Additional Insurance Options Additional insurance options, such as GAP insurance, can offer peace of mind: What is GAP Insurance?

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Understanding Dealership Jargon: Terms the Public May Not Know

Shawn Ryder

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. The F&I manager will also offer additional products such as extended warranties and GAP insurance.

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The Anatomy of a Car Deal – Fees, Financing, and Fine Print

Shawn Ryder

Understanding the various fees, financing options, and scrutinizing the fine print can make a significant difference in the outcome of a car deal. These fees cover the expense of transporting the vehicle from the manufacturer to the dealership.

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Dealer finance under fire amid crackdown on 'secret' revenue

Autocar

Commissions paid unknowingly by customers have accounted for large chunks of profits for dealers, which have teams dedicated to growing revenue from finance and insurance deals, or ‘F&I’ (including GAP insurance). New cars are mainly financed through the manufacturers’ own finance house.

Finance 59