Car Lingo |
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| There are 83 entries in the glossary. | |
| Pages: «1 2 3 4 5 6 » | |
| Term | Definition |
| Nickel | Five hundred dollars. |
| Open-End-Lease | A rental agreement that obliges the lessee (Buyer) to purchase the leased asset at the end of the agreement. Not a common automotive Lease. |
| Pack | Amount added to the vehicle's invoice by the car dealer that is not included when calculating the salesperson's commission. |
| Pencil | A written counter offer from the sales manager. |
| Phone-pop | An inbound phone call to a car dealership. |
| Point | A prominent location for a salesperson to wait for customers. |
| Pounder | Represents one thousand in profit. A "two-pounder" is two thousand dollars, Etc. |
| Rat | Describes a vehicle in poor condition. |
| Residual | The amount you can buy the car for after the lease. |
| Roach | A customer with bad credit. |
| Roasted-The-App | The act of changing the customer's information on their credit application to make it more favorable to the lender. Also, can mean to critique the application with the customer to improve the "closing" environment. |
| Second-Baseman | A person that helps a customer negotiate the deal. |
| Skate | When a salesman steps in front of another salesman to get to a customer first. |
| Sled | A vehicle in poor condition. |
| Slide-Rule | A cautious customer that constantly double checks the pricing during the negotiation and does extensive research. |
| Glossary V2.0 | |
