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Guide to the Common Dealership Terms When Buying A Car

Car Examer

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”).

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Is GAP Insurance Worth It? Understanding Coverage for Your Vehicle’s Value and Loan Amount

Shawn Ryder

What is GAP Insurance? If you’re thinking about buying a car, you may have come across the termGAP Insurance” But what exactly is it? This is where GAP Insurance comes in. GAP stands for Guaranteed Asset Protection. Why Do You Need GAP Insurance?

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Is Your F&I Product Lineup Balanced & Diversified?

AutoSuccessOnline

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. GAP Insurance: Depreciation is an inevitable reality of vehicle ownership, and gasoline and hybrid-powered vehicles are no exception.

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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. F&I (Finance and Insurance) A department within a dealership responsible for arranging financing and insurance for customers purchasing vehicles.