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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”). Mileage Limit With a PCP deal, you’ll be given a mileage limit —the maximum number of miles you can drive each year. A fixed rate gives you consistency, while a variable rate may save you money if rates go down.

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Ultimate Guide to Hiring Car Sales Professionals: Job Positions, Trends, and Terminology Revealed!

Shawn Ryder

Terminology MSRP MSRP stands for Manufacturer’s Suggested Retail Price. Leasing Leasing allows customers to use a vehicle for a specified period and mileage limit by making monthly payments, similar to renting. CPO CPO stands for Certified Pre-Owned.

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