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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. The F&I manager will also offer additional products such as extended warranties and GAP insurance. Doc fees vary by state and dealership.

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

Shawn Ryder

They assist customers in securing financing options and explain the terms and conditions of loans or leases. Building long-term relationships through excellent customer service can lead to repeat business and positive word-of-mouth recommendations. Terminology MSRP MSRP stands for Manufacturer’s Suggested Retail Price.

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How to Haggle Car Price Like a Pro

Your Car Buying Advocate

Like “ MSRP ,” “ Invoice Price ,” and “ Financing.” We’ll explain these terms in a way that’s easy to understand, so the next time you’re at the dealership, you’ll feel like a car-buying expert. MSRP stands for Manufacturer’s Suggested Retail Pric e.

Finance 52