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Definitions (39)
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ADVERTISING ASSOCIATION FEE
This is a fee that appears on an actual dealer's invoice, and represents the local TV, print, or internet ads you see for your local area "fill in blank with a brand here" dealer. It should be a line item on an actual dealer's invoice. It is a legitimate cost of doing business, but you should not hesitate to ask to see an ac [..]
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APPEARANCE PACKAGE
This is a set of mandatory items dealers may put on their vehicles after they arrive from the manufacturer. They tend to be external bolt on items (usually removable). Some items that might be found in an appearance package are:
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BUYER’S ORDER
A buyer’s order is a summary of what both parties have agreed to thus far. It is NOT the final sales contract committing you to buy the vehicle. The buyer’s order should list the agreed upon price for the vehicle and a breakdown description of the exact make, model style, color, and options on that vehicle, as well as the vehicle identification [..]
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CONVEYANCE FEE
This is a fee a dealer may have at their discretion. It does not reflect any particular cost (they may tell you otherwise), and depending on what state you're in, may have a state mandated upper limit. This fee can vary greatly around the country, from tens to many hundreds of dollars. It can be negotiable. This fee is typically found in t [..]
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DEALER HANDLING FEE
This is a fee a dealer may have at their discretion. It does not reflect any particular cost (they may tell you otherwise), and depending on what state you're in, may have a state mandated upper limit. This fee can vary greatly around the country, from tens to many hundreds of dollars. It can be negotiable. Dealers in CO and possibly other [..]
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DEALER SERVICES FEE
This is a fee a dealer may have at their discretion. It does not reflect any particular cost (they may tell you otherwise), and depending on what state you're in, may have a state mandated upper limit. This fee can vary greatly around the country, from tens to many hundreds of dollars. It can be negotiable. Dealers in FL and possibly other [..]
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DEALER TRADE
Also known as a dealer exchange (or DX), this refers to the process dealers practice of trading one vehicle for another in order to get a vehicle for their customer that is on another dealer’s lot (or incoming from the manufacturer to another dealer). A “straight swap” is when dealers swap invoices one for one, so neither loses their “holdback” [..]
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distributor
Some manufacturers have a middle man between them and the dealer, known as the distributor, who may add additional fees or physical add-ons that you will find on a local invoice in certain regions of the country. An example of a distributor is Southeast Toyota, who covers distributing Toyotas in NC, SC, GA, FL, and AL.
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DOCUMENT FEE
This is a fee a dealer may have at their discretion. It does not reflect any particular cost (they may tell you otherwise), and depending on what state you're in, may have a state mandated upper limit. This fee can vary greatly around the country, from tens to many hundreds of dollars. It can be negotiable. Dealers in CA, NY, NJ, MD, and v [..]
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FINANCE DIRECTOR
The head of the finance department, usually one large enough to have several finance managers below them.
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