Car Examer

NOVEMBER 2, 2024

Here’s a straightforward guide to the most common dealership terms you’ll hear at UK dealerships. When you’re buying a car, especially for the first time, the terminology used at UK car dealerships can feel overwhelming. Book inspection 1. PCP (Personal Contract Purchase) PCP is a popular way to finance a car in the UK.

Balloon Payment 59

Balloon Payment Term Mileage Limit Gap Insurance 59

Car Examer

OCTOBER 29, 2024

Down Payment A down payment reduces the amount you need to finance, which lowers monthly payments. A larger down payment now can mean less strain later. Monthly Loan Payments If you’re financing, the monthly payment amount depends on the loan’s term and interest rate.

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Down Payment Insurance Repairing Finance 59

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

Your Car Buying Advocate

JULY 31, 2023

Knowing if you’re paying the right price or how to talk it down can be hard. We’ll explain these terms in a way that’s easy to understand, so the next time you’re at the dealership, you’ll feel like a car-buying expert. In today’s market, dealerships are adding markup’s. Strange, right?

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Finance Pre-Qualify Insurance Deal 52