Remove Dealerships Remove Gap Insurance Remove Repairing
article thumbnail

Guide to the Common Dealership Terms When Buying A Car

Car Examer

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. It’s calculated based on the car’s estimated value at the end of the agreement.

article thumbnail

Navigating Inflationary Pressures on Vehicle Ownership: A Guide for Auto Dealers

AutoSuccessOnline

The key inflationary impacts to vehicle ownership include purchase prices, interest rates, maintenance, repairs, insurance and fuel costs. Repairs : Car repair prices are outpacing overall inflation. Repair costs have surged due to rising prices for parts and labor. The average household in the U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Bargain or burden? The truth about buying a Fisker Ocean

Autocar

“We do demos but Fisker says new car deliveries are being delayed by problems with a broken tool required for the pre-delivery inspection,” said Estelle Miller, co-founder of the dealership. Of the 16 it acquired two months ago, King’s Lynn dealership Stebbings has five used Extremes and one Sport left.

Insurance 133
article thumbnail

Is Your F&I Product Lineup Balanced & Diversified?

AutoSuccessOnline

Or Are You Aligning Your Dealership Too Closely with EVs? What’s happening in the EV category is a great reminder of the need to diversify your F&I product offerings at the dealership. However, this shift also brings new considerations for dealerships, particularly in the F&I space. EV sales have slowed in the U.S.

article thumbnail

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. F&I (Finance and Insurance) A department within a dealership responsible for arranging financing and insurance for customers purchasing vehicles.

article thumbnail

The Affordability Challenge: How Dealers Can Help Customers Keep Long-Term Interests in Mind

AutoSuccessOnline

As vehicles age, the cost of maintenance and repairs tends to increase. According to recent studies, the average annual cost of vehicle maintenance and repairs has risen to over $1,000 per year for vehicles older than five years. Boost Profitability : F&I products typically have higher profit margins than vehicle sales alone.

Term 40
article thumbnail

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

Shawn Ryder

These fees cover the expense of transporting the vehicle from the manufacturer to the dealership. Understanding your warranty coverage can save you from unexpected repair costs down the road. These additional products can include extended warranties, maintenance plans, GAP insurance, and more.

Finance 40