Car Examer

NOVEMBER 2, 2024

Understanding these terms can help you feel more confident, negotiate better, and ultimately drive away with a great deal. List Price The list price is the manufacturer’s suggested retail price (the “sticker price”). Mileage Limit With a PCP deal, you’ll be given a mileage limit —the maximum number of miles you can drive each year.

Balloon Payment 59

Balloon Payment Term Mileage Limit Gap Insurance 59

Autocar

NOVEMBER 18, 2024

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. Some firms were paying out as much as 70% of the value of insurance premiums in commissions, the FCA found.

Insurance 116

Insurance Gap Insurance Spread Finance 116

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.

Gap Insurance 40

Gap Insurance Term Extended Warranty Insurance 40