Being armed with the facts before visiting a dealership is crucial; when it comes to used cars, there’s no shortage of lingo used by mechanics and sales staff to describe certain aspects of a vehicle. Knowing a few common terms will help you understand the buying process, as well as make it easier to work with your salesperson, so pay close attention to the following.
5 Common Phrases to Be Aware of Before Visiting a Used Car Lot
1. Actual Cash Value
This is the total cash value of a vehicle, determined by its condition when a consumer brings it in for a trade-in. It’s assigned to the car during the initial appraisal at the dealership.
2. Core Part
A core part can still retain value even if it has been damaged. When performing vehicle repairs, a dealership will often return any core parts back to the auto manufacturer, where they might be refurbished, to receive a rebate.
3. Desking a Deal
During a car sale, this term is used by auto insiders to describe when sales personnel present options to a buyer to come to an agreement. Factors like monthly payments, financing, and extra features are discussed at this point.
4. Monroney Price Label
The Monroney price label refers to a law stating that a detailed window sticker must be placed on all vehicles for sale. The sticker is required to include a description, equipment, options, as well as the recommended manufacturer price. It was introduced in the 1950s by Sen. Mike Monroney to help consumers evaluate vehicles quickly.
5. Predelivery Inspection
The predelivery inspection (PDI) is when a vehicle is prepared for display or delivery to a consumer. Some auto manufacturers require proof of such services to ensure the best quality; in this case, a dealership is often reimbursed by the manufacturer for performing PDI services.
Shopping for a used car can seem daunting at times, which is why the professionals at Liberty Bay Auto Center in Poulsbo, WA, exercise a no-pressure sales approach. When you’re looking for a great deal on a certified pre-owned car, their sales staff will help you find the ideal vehicle for your needs. Visit their website for a closer look at their inventory, or call (360) 697-4066 today to learn more about their services.