“crappy” - like poop, not a good way to describe something.
“broker” - someone who saves you significant $ by saving you hours of searching and negotiating. For the common man they pay for themselves and then some in time/money/headache saved.
I’ll add,
“google” - a hip, new website where you can type stuff in and find the answer to 95% of questions (think of askjeeves, yahoo!, aol, etc)
So what’s the term for someone who posts their deal after they signed, and creates a user name just to post said deal. (It’s usually no unicorn either)
MF = money factor (MF * 2400 provides the interest rate) RV = residual value of vehicle at lease end (important for those considering a buyout) MSD = multiple security deposit (used in some states to obtain a lower MF) MSRP = manufacture list price Selling Price = the discounted price of vehicle before applying any incentives
Very important one UNICORN something which is a stealer deal, usually posted by someone has worked on for days or sometimes month by doing research and trying hard. Something which ISNT POSSIBLE to pm a broker and ask him to replicate it cause most likely broker will keep it for himself !!!
Going to add this to the FAQ category @senwia if that’s alright with you. And will update the OP (original post? or is it original poster…) so that all the lingo can be found at the beginning of this topic (or is it thread?)
Punched demo/loaners can be leased. Dealers claim them as sold and get rebates plus monthly amortization back for punched demo/loaners after meeting certain criteria (3 months/4.5k miles or 6 months/6k miles for Volvo, for example)