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In exchange for getting a customer -- a car buyer in need of financing -- the lender often lets the dealership mark up the interest rate to turn an extra profit. For example, if a lender approves ...
All new cars in the United States come with a warranty that cover repairs for a certain period of time and a certain number of miles, such as 3 years and 36,000 miles. An extended warranty provides similar coverage beyond those time or mileage limits.
Program logo The Toyota Corolla was the program's top seller according to U.S. DoT [1] The Ford Explorer 4WD was the program's top trade-in according to the U.S. DoT [1]. The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel ...
Retail floor planning (also referred to as floorplanning or inventory financing) is a type of short term loan used by retailers to purchase high-cost inventory such as automobiles. These loans are often secured by the inventory purchased as collateral. [1] Floor planning is commonly used in new and used car dealerships. [2]
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Sometimes, the delete option costs extra: for example, in the 1980s, German luxury car buyers began to pay manufacturers extra not to have the badges indicating the type of engine to be installed. Debadging went on to gain popularity across the market, both as a form of reverse snobbery while also allowing buyers to obscure lower-spec models or ...
Knowing the OTD price will help you figure out how much your new car really costs.