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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. MSRP (Manufacturer’s Suggested Retail Price) The price that the manufacturer recommends the dealership sell the car for. GAP insurance is crucial if your down payment was low or your loan term is long.

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Guide to the Common Dealership Terms When Buying A Car

Car Examer

List Price The list price is the manufacturer’s suggested retail price (the “sticker price”). While it’s a helpful starting point, keep in mind you can often negotiate below this, as dealerships sometimes have offers or discounts that can bring down the cost.

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How to Haggle Car Price Like a Pro

Your Car Buying Advocate

MSRP stands for Manufacturer’s Suggested Retail Pric e. 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"?

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