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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. Understanding these terms can help you feel more confident, negotiate better, and ultimately drive away with a great deal. List Price The list price is the manufacturer’s suggested retail price (the “sticker price”).

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Upstart Unveils Enhanced Showroom, Financing Solutions

AutoSuccessOnline

Upstart announced the largest and most significant set of product enhancements to the in-store and financing solutions on its Auto Retail platform. Sales managers can adjust all deal details including multiple down payment options and finance, lease and cash options in one view with just a few clicks. The result?

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What is a down payment and how does it affect your finances?

Shawn Ryder

Understanding Down Payments: A Guide for Everyone If you’ve ever heard adults talking about buying a car or a house, you might have come across the termdown payment.” ” But what exactly is a down payment? In this article, we will break it down for you in simple terms.

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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. MSRP (Manufacturer’s Suggested Retail Price) The price that the manufacturer recommends the dealership sell the car for.

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Tesla deals could push EV sales to record levels in September

Autocar

With the down payment, it works out at £424 a month, less than the price of Hyundai’s lease deal on a Kona small electric SUV with the 65kWh battery. Retail discounts being offered include £6750 off the price of a new Audi Q4 E-tron if the buyer chooses the PCP finance deal. The Model Y is two classes bigger than the Hyundai.

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Improve Your Dealership’s Digital DNA

DealerTrack Insights

GO DIGITAL TO SAVE TIME AND MONEY Digital retailing and online credit applications let your customers build and customize their dream ride and their deal terms, and apply for financing from your website, while digital menu technology helps buyers select aftermarket and F&I options with ease.

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The $740 Challenge: How Savvy Dealerships Are Turning the Tables

Full Path

As we moved into July, there were signs of recovery in the retail vehicle market. For dealerships, Higher inventories and rising floorplan costs are eating into profit margins, creating a challenging environment for automotive retailers. Unlike traditional loans, leases typically offer lower down payments and monthly costs.