Carscoops

MAY 9, 2024

This has led the automaker to a new plan, allowing dealers to advertise prices that are 10-15 percent below not just MSRP but also invoice. In-house financing is a crucial piece of that since dealers make extra cash on the back end. Leveraging trade-ins is another way to make back some cash.

Extended Warranty 106

Extended Warranty MSRP Retail Finance 106

Shawn Ryder

FEBRUARY 7, 2024

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. It’s offered at an additional cost and is often negotiable.

Gap Insurance 40

Gap Insurance Term Extended Warranty Insurance 40

Shawn Ryder

JANUARY 13, 2024

Additionally, they work closely with other departments, such as finance and service, to ensure a smooth customer experience. Finance Manager The finance manager plays a crucial role in finalizing the sale. They assist customers in securing financing options and explain the terms and conditions of loans or leases.

Sales 52

Sales Mileage Limit Extended Warranty Finance 52

Your Car Buying Advocate

JULY 31, 2023

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. Ready to become a savvy car shopper? This is not always the case.

Finance 52

Finance Pre-Qualify Deal Insurance 52