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Automotive Dealership Institute is an Arizona-based and licensed training program that offers classroom and online instruction in management, finance, and insurance for the auto industry. [ 1 ] History
Negotiate the price of the car: You might be able to negotiate the car's price, which can help offset the cost of high fees. Many dealers are willing to negotiate to complete the vehicle purchase.
Your dealer likely will paint a nightmare scenario in which you total the car as you drive it off the lot and owe $28,000 on a loan, only to receive a $20,000 check from your insurance company.
A commonly required liability insurance is $25,000/$50,000/$25,000. Here's how it breaks down: $25,000/$50,000 for personal injury (PI) liability.
A car dealer orders vehicles from the manufacturer for inventory and pays interest (called flooring or floor planning). Dealer holdbacks are a system of payments made by manufacturers to their dealers. [5] The holdback payments assist the dealer's ability to stock their inventory of vehicles and improve the profitability of dealers.
The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft. [16] For both new and used automobiles, Kelley Blue Book provides a fair market range and fair purchase price, based on actual transactions of what others are paying for a vehicle and adjusted regularly as market conditions change.
Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a ...
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