20 Terms To Know On A Car Lot

Navigation

Automobile Resources

Items of Interest

Home

MENU:

Betterthanokay.com Home

Automobile Resources

Automobile Articles

Recreational Vehicles

5 Tips On Making Your Car More Fuel Efficient

7 Great Tips To Save Money on Car Parts and Maintenance

Auto Parts Accessory - Car Trucks SUV

Car Keys Locked Inside

Car Leasing Secrets: Understanding Residual Values

How To Choose The Best Extended Warranty For Your Car

How To Pay For Emergency Car Repairs

Protect Your Car From Road Salt

Automotive.com Bad Credit, No Credit - Contact Us

Find Vehicles and Parts

Enter search words:

Search title and description

20 Terms To Know On A Car Lot

1. “BE BACK” (BB).
A person who leaves the car lot without purchasing a car but whom the salesperson believes will come back (be back) to the lot soon.

2. BURIED.
A person who is in debt from a car that has little to no value.

3. BUYERS REMORSE.
A person who was happy when they first purchased a vehicle but whom now regrets the purchase. This feeling of remorse usually happens in people who made an uneducated purchase or a snap decision.

4. LOW BALL.
An offer a salesperson will make that is well below asking price.

5. CHAINED.
When the salesperson has somehow added money to the ‘low ball’ offer he has made earlier. Many times a salesperson will increase the amount you pay for a car through its finance department or by adding extras to your vehicle.

6. CLOCKED/CLOCKING/CLOCKER.
When the odometer of a vehicle has been rolled-back.

7. CRÈME-PUFF.
A trade-in vehicle that a dealership has underpaid for and that is in exceptionally good condition. The dealership will make a huge profit on this trade-in. Of course, they won’t tell you that the car is a crème-puff.

8. CURBING.
A person (private seller) who sells many cars a year. They do not have their dealers’ license or a dealer’s lot; instead they sell these cars from their home or by the ‘curb.’

9. DEMONSTRATOR/DEMO/LOANER.
This is a vehicle that the dealership gives out to people for a test-drive. These vehicles have usually been driven hard by many different people.

10. DOWN DIP/DIPPING.
This is when the dealership loans you the money for your down payment until your loan goes through.

11. DOWN DUMP/DOWN STROKE/LUMP.
This is the amount (or trade-in value) put down on a vehicle.

12. HARD DOLLARS.
The amount of money a dealership is investing in your trade-in. This investment is usually in the form of repairs and detailing.

13. LEMON.
A car with a lot of problems.

14. LOOKY-LOU.
A potential buyer that is not easy to sell a car to.

15. OFF-LEASE.
A vehicle that’s lease is up and is now on the used vehicle market.

16. REPOSESSION/REPO.
A vehicle that has been taken back by the loan company due to non-payments from the owner.

17. SOFT SHOW/SHOW DOLLARS.
An inflated amount the dealership is paying for your trade-in vehicle. The dealership will usually make this money back somewhere else in the deal.

18. SPIFF.
A selling competition a dealerships management has engaged its selling team in.

19. UP.
There is an order in which salespeople pick up their clients. Each salesperson takes a turn as each client walks through the door. Example, if you walk through the door and it’s Mike’s turn to have a client you will be referred to Mike’s up.

20. UPSIDE DOWN.
A situation where you owe more money on a vehicle than the vehicle itself is worth.

By Gina Goldenberg – Personal Auto Brokers http://www.personalautobrokers.com FREE Personal Auto Brokers Idea Pak, filled with tips and information articles to help you purchase/lease your next vehicle.

Written by: Gina Goldenberg

Other Articles of Interest:

3 Tips To Ensure A Safe Car Shipping Transaction
With the world becoming more and more globalized, there has been a increase in business for car shipping companies to ship all types of vehicles ranging from...read more

Helium Powered Car?
Ever wonder what they will think of next? We are all about ready to go out and put our names on one of those lists to get a Hybrid Car due to the these fuel...read more

How to Change Your Car's Motor Oil
First, let's answer the question; Why should you change your own oil? Because you can save time and money. You don't have to wait in line at the service...read more

How To Negotiate When Buying A Car
I recently purchased a new vehicle when visiting my son and was able to use some of my negotiating techniques: 1.Be Prepared and Do Your Research Being...read more

Research Haulers before you choose a transport company to ship your Car, Boat, Horse, Furniture, etc...
When you are having your valued items shipped, it is important to find the best hauler for job, not necessarily the cheapest. Customer service, reliability,...read more

Special Offers: Save on quality tires with these manufacturer's promotions available from The Tire Rack.

News:

Reviewing the Toyota Prius C (May 18, 2012 22:23)
The Prius C is an attractive little car, all curves, flares and bulges. And at 53 m.p.g., it can han..

Lola, Builder of Racecars, Files for Bankruptcy (May 18, 2012 19:46)
The action ended months of speculation regarding the company's finances.

During Mille Miglia, a Rare Sighting of the Fiat Scion (May 18, 2012 17:30)
John Elkann, the fiercely private Fiat chairman, was spotted Friday at the helm of a 1952 Fiat 8V, d..

Acura Recalls 53,000 TL Sedans for Leaking Power-Steering Hoses (May 18, 2012 14:54)
The action, which applied to all 2008 models, resembled a recall from 2008 that affected 273,000 TLs..

Study Finds Lack of Uniform Signage Poses Obstacle to Public Charging Networks (May 18, 2012 10:00)
Managing the federally financed EV Project, the company issued a critical report from its first year..