Annual Percentage Rate is the cost of credit expressed as a yearly rate. Also known as the interest rate.

A type of financial incentive that a manufacturer or a dealer offers to the car buyer as a reward for signing up for a specific initiative (like financing). This incentive is usually taxable, so be su [..]

Invoice price reports are documents offered by companies like Unhaggle

An amount the manufacturer pays to the dealer for each new vehicle sold – normally calculated as a percentage of the dealer invoice price or MSRP, including or excluding options. The purpose of these [..]

Additional equipment that is installed by the dealer. Since the dealer is the one who sells these, the price may vary from one dealership to another. It is also worth noting that dealers are invoiced [..]

Also known as the dealer cost, this is the amount that dealers have to pay for the vehicles they sell, which is usually accomplished via a pre-set line of credit. This number is the rock-bottom price [..]

Aside from the invoice price, dealers have to cover the salaries, commissions and bonuses of their salespeople and managers. They also have to account for utility and lease charges. Whatever remains a [..]

A sum of money that a dealer contributes to lower the total price of a vehicle in hopes of motivating the consumer to make the purchase.

The loss of a vehicle’s value over a specified period of time – or the difference between a vehicle’s original price and its value down the road (residual value). Dealers do not provide a specific fig [..]

Additional equipment that is installed by the vehicle’s manufacturer. The price for these features and parts does not vary from dealer to dealer. It is also worth noting that dealers are invoiced the [..]