Credit insurance is an optional policy that covers your car loan payments in case of unexpected life events like illness,...

Dealer fees are additional charges that can be added to the cost of buying a car. These fees can include...

Key Takeaways: Invoice price is what the dealer pays the manufacturer. MSRP (Manufacturer's Suggested Retail Price) is the recommended selling...

Lemon Laws are designed to protect consumers from defective new vehicles. These laws vary by state but generally allow buyers...

Extended warranties, also known as service contracts, offer additional coverage for vehicle repairs and maintenance beyond the manufacturer's warranty. These...

Balloon payments are a unique form of car financing that can be both beneficial and risky. In a balloon payment...

Gap Insurance is an optional insurance policy for those financing their car purchase. It's designed to cover the 'gap' between...

Key Takeaways: Dealer invoice pricing reflects the manufacturer's price to the dealer. Offers insight into potential negotiation room. Crucial for...

Certified Pre-Owned (CPO) vehicles offer a unique balance between the reliability of a new car and the affordability of a...

Key Takeaways: Dealer prep fee covers vehicle preparation costs before sale. Often debated and varies by dealership. Knowledge of these...

The term "Holdback" is a lesser-known aspect of car dealership pricing, often researched by savvy buyers. It refers to a...

Key Takeaways: Out-the-door price includes all taxes, fees, and additional costs. MSRP is the manufacturer's suggested retail price, excluding extra...

The term "Bump" is often searched by individuals entering the car buying process. In dealership lingo, a "bump" refers to...

"Upside Down" is a term frequently Googled by car buyers and owners, referring to the situation where a person owes...

Navigating a car dealership can be daunting, especially when faced with complex negotiation tactics like the "Four Square" method. This...

Car auctions play a pivotal role in shaping the used car market. These auctions, where registered car dealers buy and...

The 'Annual Percentage Rate' (APR) is a fundamental concept in car financing. It represents the yearly interest rate charged on...

Key Takeaways: Dealer prep fee covers pre-sale vehicle preparation costs. Common in both new and used car sales. Negotiable, depending...

When you're in the market for a leased vehicle, you'll inevitably come across the term 'Acquisition Fee.' This fee, often...

The 'Annual Percentage Rate' or APR is a crucial term in car financing. It represents the yearly interest rate on...