WAIT 30 DAYS TO BUY A CAR | Episode 950
CarEdge Live
CarEdge Live Oct 24, 2025
WAIT 30 DAYS TO BUY A CAR | Episode 950

WAIT 30 DAYS TO BUY A CAR | Episode 950

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30:37
WAIT 30 DAYS TO BUY A CAR | Episode 950
Term

MSRP

MSRP is the price that the car company suggests you should pay for a new car. It's like a recommended price but can often be negotiated lower.

Concept

car buying process

The car buying process is everything you do to buy a car, from looking for the right one to talking to dealers and agreeing on a price. It can take a while to get everything sorted out.

Term

out-the-door price

The out-the-door price is how much you'll actually pay for a car after adding everything like taxes and fees. It's the total cost to own the car right away.

Term

seller's market

In a seller's market, there are more people wanting to buy cars than there are cars available, which lets sellers ask for higher prices.

Concept

buyer's market

In a buyer's market, there are more cars available than people wanting to buy them, which means prices can go down and buyers have more choices.

Term

gross profit per vehicle

Gross profit per vehicle is how much money a car dealership makes from selling each car after paying for it. It shows how well dealerships are doing financially.

Term

tire and wheel protection

Tire and wheel protection helps pay for fixing or replacing your tires and wheels if they get damaged while driving, like from hitting a pothole.

Term

dent and ding protection

Dent and ding protection helps pay for small damages to your car, like minor dents or scratches, so you don't have to pay out of pocket for repairs.

Term

gap insurance

Gap insurance helps protect you if your car is stolen or totaled. It pays the difference between what you owe on your car loan and how much the car is worth at that time.

Term

FNI

FNI is a part of the dealership where you finalize your car purchase. They help you with loans and other insurance options.

Toyota Camry
Car

Toyota Camry

The Toyota Camry is a popular car that many people choose because it's safe, comfortable, and doesn't break down often. It's a good option for families or anyone who needs a reliable way to get around. People often talk about it because it's been a favorite for many years.

Term

trade-in

When you trade in your old car at a dealership, they give you money off the price of a new car based on how much your old car is worth.

Term

financing

When you finance a car, you take out a loan to buy it and then pay back that loan over time, usually with some extra money added for interest.

Term

interest rate

The interest rate is the extra cost you pay when you borrow money to buy a car. A higher interest rate means you'll pay more over time.

Term

wholesale values

Wholesale values are the prices that dealers pay for cars when they buy them in large amounts. These prices can affect how much you can get for your car when trading it in.

Term

retail values

Retail values are the prices you see when you go to buy a car from a dealership. They are usually higher than what dealers pay for the cars.

Jeep Wagoneer
Car

Jeep Wagoneer

The Jeep Grand Wagoneer is a fancy SUV that can go off-road and has a lot of nice features. It's a good option for people who want both luxury and adventure.

Jeep Grand Wagoneer
Car

Jeep Grand Wagoneer

The Jeep Grand Wagoneer is a fancy SUV that offers a lot of space and comfort, perfect for families or those who want a luxurious ride. It's built to handle tough roads but also has nice features like a big screen and comfortable seats. People talk about it because it's a new version of a classic vehicle that many loved.

Term

trade equity

Trade equity is how much your old car is worth when you trade it in for a new one. You can use that value to help pay for the new car.

Term

pre-trade

A pre-trade is when you trade your car now for its current value instead of waiting. This can help you get more money for your car before it loses value.

Toyota RAV4
Car

Toyota RAV4

The Toyota RAV4 is a smaller SUV that's great for people who need a bit more space but still want something easy to drive. It's known for being reliable and good on gas, which makes it a popular choice. People often mention it because it's a smart option for many different lifestyles.

Toyota Tundra
Car

Toyota Tundra

The Toyota Tundra is a big truck that people use for heavy work or outdoor adventures. It's built to last and can carry a lot of weight, making it a good choice for those who need a tough vehicle. People often talk about it because you can sometimes find it at a lower price than usual.

Toyota Highlander
Car

Toyota Highlander

The Toyota Highlander is a family-friendly SUV that has room for lots of people and their gear. It's known for being safe and reliable, which is why many families choose it. People often mention it because it's a good balance of size, comfort, and efficiency.

Toyota Sequoia
Car

Toyota Sequoia

The Toyota Sequoia is a large SUV that can carry many passengers and cargo. It's great for families or anyone who needs a lot of space.

Term

peak value

Peak value is the highest price your car can sell for at a certain time. If you sell your car when it's worth the most, you get more money for it.

Jeep Grand
Car

Jeep Grand

The Jeep Grand Cherokee is a stylish SUV that can handle rough roads and also be comfortable for everyday use. It has a lot of space inside for passengers and their stuff, which makes it a popular choice for families. People like to talk about it because it offers a mix of adventure and comfort.

Term

reliability

Reliability means how well a car works over time without breaking down or needing repairs. It's something to think about when you're buying a car, especially a used one.

Honda Crv
Car

Honda Crv

The Honda CR-V is a small SUV that many people like because it's reliable and has a lot of space inside. It's great for families or anyone who needs a practical vehicle.

Mazda Cx50
Car

Mazda Cx50

The Mazda CX-50 is a small SUV that looks good and is fun to drive. It's a great option if you want something stylish and sporty.

Company

CarEdge.com

CarEdge.com is a website where you can find information about how much cars lose value over time and which ones are good to buy.

Term

resale value

Resale value is how much money you can get back when you sell your car after using it for a while. Some brands keep their value better than others.

Term

hybrid powertrain

A hybrid powertrain is a system that uses both a gasoline engine and an electric motor. This helps the car use less fuel and produce fewer emissions, making it more environmentally friendly.

Term

dealer invoice

The dealer invoice is the price that the car dealer pays to the car maker for the vehicle. It can help you understand how much profit the dealer might make when selling the car.

Term

markup

Markup is the extra amount the dealer adds to the price of the car compared to what they paid for it. Less markup means you pay less extra.

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