This site was designed for the latest version of Chrome, Firefox, Safari, and Internet Explorer (version 10+). Some features may not work correctly in your browser.OK
Welcome to BMW of Bowling Green | 325 Three Springs Rd., Bowling Green, KY 42104 | Phone: (866) 216-4645
Common Finance Terms in Bowling Green, KY
Having a basic knowledge of common automotive finance terms can be a great help when you’re in the market for a new car. Finance contracts can be confusing and most drivers don’t want to waste time asking what certain words mean, even if it might benefit them. Here’s a quick list of several common finance terms to help you the next time you’re buying a new car.
The Base Price is the total cost of a car without any optional equipment. The price only includes standard features and the original manufacturer’s warranty. It can be found on the Monroney sticker (aka a window sticker) on most new cars.
The Trade-In Value of a used vehicle is how much the dealership will credit a buyer for their old car. It can be used as a down payment or to lower the monthly payment of a loan.
Finding your new vehicle and negotiating a deal should not be complicated - especially when it comes to understanding the fiancing terms we use in the automotive field. Now you know the most commonly used terms but don't be afraid to ask what a word means if you don't know. The finance professionals here at BMW of Bowling Green are always happy to help! We're your Bowling Green, KY dealership for new and used BMW cars & SAVs.
In addition to a large new inventory selection, BMW of Bowling Green offers a wide variety of used cars. From used BMW and certified BMW cars to other used makes and models, our Bowling Green dealership strives to provide a great selection of vehicles.