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Here’s a straightforward guide to the most common dealership terms you’ll hear at UK dealerships. Understanding these terms can help you feel more confident, negotiate better, and ultimately drive away with a great deal. List Price The list price is the manufacturer’s suggested retail price (the “sticker price”).
What is GAPInsurance? If you’re thinking about buying a car, you may have come across the term “GAPInsurance” But what exactly is it? This is where GAPInsurance comes in. GAP stands for Guaranteed Asset Protection. Why Do You Need GAPInsurance?
Used car retailers such as Carvana have also reported growth in used EV sales, and Carvana’s average used BEV price in Q1 was $31,000, a decrease of 16% year-over-year. GAPInsurance: Depreciation is an inevitable reality of vehicle ownership, and gasoline and hybrid-powered vehicles are no exception.
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. F&I (Finance and Insurance) A department within a dealership responsible for arranging financing and insurance for customers purchasing vehicles.
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