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Understanding Dealership Jargon: Terms the Public May Not Know

Shawn Ryder

FEBRUARY 7, 2024

The F&I manager will also offer additional products such as extended warranties and GAP insurance. MSRP (Manufacturer’s Suggested Retail Price) The price that the manufacturer recommends the dealership sell the car for. Invoice Price The price the dealership pays to the manufacturer for the vehicle.

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Term Gap Insurance Dealerships Extended Warranty 40
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How to Haggle Car Price Like a Pro

Your Car Buying Advocate

JULY 31, 2023

MSRP stands for Manufacturer’s Suggested Retail Pric e. It is essentially a price the manufacturer suggests the dealer sell the vehicle for regardless of the invoice amount the dealer has actually paid for the vehicle. This is what the dealership pays the manufacturer to get the car.

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Finance Deal Pre-Qualify Dealerships 52
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