So I guess the term “punched” only means that a car is reported as sold by the dealer while still staying at dealer’s possession then? Would love a definition from our dealers.
Skated - when another salesperson steals your customer,“Hey Steve just skated me on that deal, I had him logged!”
Stroke - A tire kicker that comes in and wastes your time
BDC - Business Development Center, a place where poor schleps have to call customers cold/follow up etc and tell them whatever to get them to come in.
Yep missed those. We don’t use stroke at our store. We can them “jacks”. “I just got jacked for 2 hours”
Skating happens a lot
I’m not sure why but when I saw BDC my mind immediately pulled up big d*ck club.
Just covered straw here
See also “glorified secretary”
Ya thats a little weird one. Normally the Straw purchase is also registered in signers name.
I have a BDC Rep… Also happens to be my Sister in Law.
Yeah, that’s true.
Anyone whose ever filled out a 4473 would also know what a straw purchase is
“Fully Loaded” - Usually a mid to upper middle trim level car, with a bunch of options that jack up the price, but are used by the poster to justify the high price they paid. 99% of the time the car is not really “Fully Loaded”.
“Get me done” - someone with poor credit, usually sent to “spifi”, short for “special finance” aka 21% APR, they usually have “stips” to get their deals bought, aka stipulations, documents required by the bank to buy the contract, bank statements, pay stubs etc. As I drink more I remember more of the dealer lingo
Never seen spifi before.
I will update all these when I get a chance to the OP (original post), I would say original poster is (OPs), maybe… lol @michael
well are you gonna provide definitions ?
This is actually a pretty good list
https://www.edmunds.com/car-buying/car-lot-lingo-talk-the-talk.html
And another one, has the classic
Choke and Croak: The disability and life insurance policies sold in the finance office.
Was trying not too…
Too many video games, probably.
Down this same vein, I’d also note that
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$0 down means no CCR
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CCR means Cap Cost Reduction
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$0 DAS means literally nothing due at signing. Zero. Drive off without even putting a penny towards the lease
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- ^ I thought this one was straightforward til a couple days ago when I saw a registered business not using it correctly and @chevysalesgirl had to correct them.
thanks I’ll have to find a way to incorporate “pounders” into my daily convos now
My 3 year old son uses it all the time. “Dada are you going to make Pounders?” “Ryder makes Pounders”