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carwow.co.uk
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Definitions (54)
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list price
The RRP of the car that the manufacturer sets. The RRP includes road tax, first reg fee and all the other cost, just like the offers on carwow do
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0% finance
Some manufacturers offer 0% APR finance on certain models. If this is not listed under the finance section by each offer then it is not available. Minimum deposit terms usually apply.
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Adaptive cruise control
A system that will maintain the speed you set, but will slow down to account for slower cars ahead of you, meaning you can relax a bit more behind the wheel. Usually works using radar.See What is adaptive cruise control?
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ALLOCATION
Each dealer has a certain number of cars for different factory order build slots. E.g. They could have 10 slots to build a model of car in one month. Some dealers can offer quicker delivery if they haven't yet filled their allocation for an upcoming month
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Annual mileage
When taking finance the distance you cover will determine the price per month. The average annual mileage is 10,000. The are charges for going over this limit, the charge per mile will be stated in the finance documents.
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APR
The annual percentage rate which is the interest that applies to the finance. The APR on new cars doesn't change between main dealers of the same brand.
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Broker
These are telephone companies where you can buy a car from them. They normally deal with preregistered or imported cars and often have hidden fees to pay if you buy a car from them. Unlike carwow, they don't tell you where you are buying the car from.
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Certified carwow dealers
An official franchised dealer that has passed our rigerous screening critera to be allowed to use carwow. carwow Certified Dealers commit to offering a great upfront price and excellent customer service.
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DEPOSIT
To place an order with a carwow dealer they will ask for a deposit to secure the car and place the order. This is usually between £250 and £1,000, depending on the value of the car, and is paid directly to the dealer, either in the showroom or over the phone, via credit or debit card. The dealer will then post you a receipt and an order confirmatio [..]
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DEPOSIT
To get finance on a car you normally need to pay a deposit, which is paid when you collect the car. The higher the deposit the less the monthly cost will be, as by paying a bigger deposit you are reducing the amount of money you are borrowing. Most finance offers allow you to choose the level of initial deposit you want to pay.
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