Understanding Dealership Jargon: Terms the Public May Not Know
Shawn Ryder
FEBRUARY 7, 2024
MSRP (Manufacturer’s Suggested Retail Price) The price that the manufacturer recommends the dealership sell the car for. APR (Annual Percentage Rate) The annual rate charged for borrowing or earned through an investment. The F&I manager will also offer additional products such as extended warranties and GAP insurance.
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