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801 W Avenue N San Angelo, TX 76903 Toll Free: (866) 220-5346 / Local: (325) 655-5631
At Randall Mitsubishi, we understand that buying or leasing a vehicle can be a daunting task, especially if you’re not familiar with the lingo. We wanted to put together some finance terms for our customers, so that the experience of buying a car can be less stressful and more rewarding.
Here’s a short list of common finance terms to help you out:
Base price: This refers to the price of a car without any of its add-ons, including only the standard equipment.
Dealer incentives: This refers to the many deals and specials that dealerships like Randall Mitsubishi offer, sweetening the deal for many purchases.
Extended warranty: This refers to agreements that may help to cover the car or car maintenance after its original warranty has expired.
Rebate: This refers to an amount of money that is returned to the customer, lowering the long-term price.
Trade-in value: This refers to a monetary amount you will receive toward a new car, if you trade-in an older one.
If you have any questions for the finance department regarding a vehicle purchase or lease, don’t hesitate to contact or visit us at Randall Mitsubishi, where the professionals in our finance department are eager to assist you.