Remove Down Payment Remove Insurance Remove MSRP
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Understanding Dealership Jargon: Terms the Public May Not Know

Shawn Ryder

F&I (Finance and Insurance) A department within a dealership responsible for arranging financing and insurance for customers purchasing vehicles. The F&I manager will also offer additional products such as extended warranties and GAP insurance. This is also known as being “underwater” on your loan.

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How to differentiate which car to purchase from 3 different dealers?

Shawn Ryder

Budget: What is your budget for both the purchase price and ongoing expenses like insurance and fuel? Factors to consider include: Invoice prices vs. MSRP Incentives and discounts Trade-in valuations Comparing Vehicles Once you’ve narrowed down your dealers, its time to compare specific vehicles.

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How to Haggle Car Price Like a Pro

Your Car Buying Advocate

Like “ MSRP ,” “ Invoice Price ,” and “ Financing.” MSRP and Invoice Price Let’s start by learning two important terms: MSRP and Invoice Price. MSRP stands for Manufacturer’s Suggested Retail Pric e. You’re not going to find this many places on the internet about the MSRP.

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