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Our Finance Terms

Crown Kia of Longview Finance Terms
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Traversing the labyrinth of automotive financing can be difficult, even with help from a dealership’s finance department. Fortunately, the knowledge of a few common finance terms can provide a few shortcuts, or an entire road map, to successfully financing a new vehicle.
 
  • Add-On Interest – Interest calculated at the beginning of the loan term then added to the total amount. Add-on interest must be repaid even if the load is repaid before the contract requires.
  • Base Price – Standard equipment and the manufacturer’s warranty add up to the base price of a vehicle. There are no options or available features included in the base price.
  • Blue Book – The value of a used or trade-in vehicle is known as the Blue Book value. There are plenty of available valuation guides online, including Kelley Blue Book.
  • Invoice Price – The amount the manufacturer charges for a new car. This may not be the dealership’s final price due to rebates and other incentives.
  • Service Contract – Otherwise known as an extended warranty, this is an extension of the initial warranty.
  • Destination Charge – The fee a manufacturer charges for transporting the vehicle. This charge is normally added onto the buyer’s price.
  • Rebate – A manufacturer’s reduction of the price of a car in order to further incentivize buyers.
  • Title – A legal document that contains information about the vehicle and is used as official proof of ownership.
  • Trade-In Value – The amount of credit a dealership will offer as partial payment for a different vehicle.
  • Preparation Charges – A fee a dealership may charge a customer to prepare a car. The manufacturer has already paid the dealership for the preparation.
2001 W Loop 281
Longview
TX
75604

Hours

  • Monday
    8:30am-8:00pm
  • Tuesday
    8:30am-8:00pm
  • Wednesday
    8:30am-8:00pm
  • Thursday
    8:30am-8:00pm
  • Friday
    8:30am-8:00pm
  • Saturday
    8:30am-8:00pm
  • Sunday
    Closed

Contact Information

2001 W Loop 281
Longview, TX 75604
Phone: (903) 759-4667
Fax: (903) 295-6823

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