10 Common Automobile Terms Every New Car Customer Should Know

Published On 22/5/2024, 8:55:08 pm Author Nitesh Yadav

Excited about your new car? Hold on a second! Before you zoom off the lot, ensure a smooth ride with this essential guide. We'll unveil the secrets of a Pre-Delivery Inspection (PDI), empowering you to take control. Plus, we'll equip you with 10 key car terms every new car buyer should know

Congratulations on your new car! But before you peel out of the dealership, there's a crucial step: the Pre-Delivery Inspection (PDI). This is your chance to ensure your shiny new ride lives up to the hype.

Here's how to dominate your PDI:

Daylight is your friend: Schedule your PDI for a bright daylight session. This allows you to meticulously examine the car's exterior for scratches, dents, or paint inconsistencies that might be missed under artificial lights.

Beyond the Body: Pop the hood: Check the engine bay for leaks, loose parts, and overall cleanliness. A clean engine often indicates a well-maintained car.

Open wide: Inspect the interior thoroughly. Look for upholstery imperfections, malfunctioning buttons, and proper operation of all features like AC, infotainment system, and power windows.

Don't forget the essentials: Ensure the toolkit, jack, spare tire, and owner's manual are all present and accounted for.

Paper Trail Power: Verify that the car's identification number (VIN) matches the paperwork and the odometer reading reflects minimal mileage (usually below 100 km).

10 Common Automobile Terms Every New Car Customer Should Know

PDI (Pre-Delivery Inspection): A thorough inspection performed by the dealership before delivering a new car to ensure it meets all quality standards and is free of defects.

MSRP (Manufacturer's Suggested Retail Price): The recommended selling price set by the car manufacturer. This is often used as a starting point for negotiations.

VIN (Vehicle Identification Number): A unique code assigned to every vehicle that contains information about the car’s make, model, year of manufacture, and other specific details.

APR (Annual Percentage Rate): The annual rate charged for borrowing through a loan or earned through an investment, expressed as a percentage. It includes any fees or additional costs associated with the transaction.

Depreciation: The decrease in a vehicle's value over time due to factors like age, mileage, and wear and tear.

Lease: A contract where you rent a car for a specific period (usually 2-4 years) with the option to buy at the end of the term or return the vehicle.

Trade-In Value: The amount a dealership offers you for your old car when you are buying a new one. This value can be applied towards the purchase price of the new vehicle.

Warranty: A promise from the manufacturer to repair or replace certain parts of the vehicle if they fail within a specified period. Common types include bumper-to-bumper and powertrain warranties.

Down Payment: An upfront payment made when purchasing a car, which reduces the total amount financed and can lower your monthly payments.

Title: A legal document that proves ownership of the vehicle. It includes information such as the owner's name and the vehicle's VIN.