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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. APR (Annual Percentage Rate) APR is the interest rate on any car financing, shown as an annual percentage.
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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. APR (Annual Percentage Rate) The annual rate charged for borrowing or earned through an investment. Doc fees vary by state and dealership.
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