Auto buyers often invest in preowned cars without understanding the terms,” reveals a sales consultant of St. Louis used car dealer, Cross Keys Auto. If you’re searching for a preowned vehicle to buy, you’ve most likely stumbled across acronyms, like APR, DOHC, CVT and so on. compiled more than seven popular auto buying descriptions, auto loans and vehicle parts.
St. Louis Used Car Dealer Defines Popular Auto Buying Terms
Referred as a single percentage number, the APR (annual percentage rate) is essentially the annual rate of interest to be paid in a year (including any associated with the loan ), divided by the balance due. APRs include any costs, and transaction fees associated with a car loan, credit card or line of credit.
Continuously Variable Transmissions are available on the via three auto manufacturers: Toyota, Nissan and Subaru. CVTs are accommodative for fuel economy in urban driving
situation. A continuously variable transmission is comparable to a conventional automatic transmission. The underlying difference is the CVTs is that CVT don’t run through gears to achieve high speeds.
Electronic Stability control (ESC) senses when an automobile is losing stability, automating vehicular contral.
Miles per gallon is identified on all new and used cars. The U.S. Environmental Protection Agency (EPA) estimates the fuel efficiency and carbon emissions of all vehicles sold in America.
CKA represents the St. Louis (more…)