Car Dealership Terms and Definitions Explained

Thinking about buying a new car can be a big decision. While there are many things to think through, you might be surprised to discover that there is a lot of jargon and terms to understand.

These are some of the terms and definitions that I walk through in the video below. These are terms and definitions you should know, or at least be familiar with when going through the car-buying process.

  1. "We owe, you owe"

  2. Acquisition fee

  3. Disposition fee

  4. Errors and omission

  5. Buy rate

  6. Sale rate