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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. It’s often used as a starting point for negotiations.

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Guide to the Common Dealership Terms When Buying A Car

Car Examer

Deposit Contribution A deposit contribution is essentially a discount offered by the dealership or manufacturer when you finance through their specific program. Dealerships may also offer extended warranties if you want added peace of mind for a longer period, especially if you plan to keep the car long-term.

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The Anatomy of a Car Deal – Fees, Financing, and Fine Print

Shawn Ryder

These fees cover the expense of transporting the vehicle from the manufacturer to the dealership. These additional products can include extended warranties, maintenance plans, GAP insurance, and more.

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