Auto Vocab Word Scramble
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Term | Definition |
Destination Charge | A fee added to the price of a new car to cover the cost of shipping the vehicle from the manufacturer to the dealer. |
Delivery Charge | The additional transportation cost to get the car to your location. |
Incentives | This is anything offered to car buyers, from the car manufacturer, to get them to buy the car. |
Manufacturers Suggested Retail Price | MRSP is the price the manufacturer is suggesting the vehicle be sold for. AKA: Sticker Price, Monroney, List Price, Sticker, or Retail Price. |
Option Packages | A package of extra options that the manufacturers will put together at a reduced price. |
Private Party Value | The average price the vehicle sells for when not being sold through a dealership. |
Asking Price | The price the seller of the car posts when advertising the car. |
Allotment | How many cars the dealership gets from the manufacturer in a given period of time. AKA: Dealer Allocation |
Base Price | The retail cost of the car before any options are added on. |
Book Value | The price the car typically sells for. This can be found through Kelley Blue Book, NADA guide, and other sources. AKA: Blue Book |
Commission | The amount of income the salesperson makes because they sell a vehicle. |
Dealer Invoice Price | The price the dealer pays to buy the car from the manufacturer. |
Retail | This is the price the dealer says the car is worth, and what you might pay if you don’t know how to negotiate when buying a car. AKA: List Price |
Trade-In Value | The average price the dealership will give you for your old car when you buy a new car through them. |
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