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