First Car Guide for First Time Car Buyers
Tips and Advice for First Car Buyers
Glossary of Automobile Buying and Financing | |
Glossary of terms related to automobile buying, leasing, financing, driving, and insuring. | |
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| Term | Definition |
| holdback | Holdback is a kind of refund to car dealers by manufacturers when vehicles are sold. It is usually about 2%-3% of either invoice price or MSRP. It adds to a dealer's profit but is normally not disclosed or negotiated, although some customers think otherwise. |
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