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BMW i3 Owners Shocked By $30,000 Battery Replacement, One Quoted $71,000!

Carscoops

Remarkably, this figure not only exceeds the price of a spanking -new i3 in 2021, which ranged from $45,445 to $52,495, but it’s up to 57% over MSRP at the time! Notably, i3s with the range extender are covered under an extended warranty in California Air Resources Board (CARB) states as Partial Zero Emissions Vehicles (PZEV).

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Nissan Allows Dealers To Sell Cars At A Loss, Up To 15% Below Invoice

Carscoops

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. Junk fees, pointless extra packages, and extended warranties could all be part of the plan for some of these businesses too.

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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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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. Understandably, customers often negotiate below the MSRP, so it’s important for sales professionals to be familiar with this term and be prepared to explain pricing structures. CPO CPO stands for Certified Pre-Owned.

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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.

Finance 52