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Understanding Dealership Jargon: Terms the Public May Not Know

Shawn Ryder

The F&I manager will also offer additional products such as extended warranties and GAP insurance. GAP insurance is crucial if your down payment was low or your loan term is long. MSRP (Manufacturer’s Suggested Retail Price) The price that the manufacturer recommends the dealership sell the car for.

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How to Haggle Car Price Like a Pro

Your Car Buying Advocate

The "Four-Square" Method This is a common sales tactic where the dealer uses a worksheet divided into four parts: your trade-in value, the purchase price, the down payment, and monthly payments. What is an "extended warranty"? A vehicle history report tells you if a car has been in an accident or had major repairs.

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