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Definitions & Terminology

  • What is MSRP or 'sticker price'?
  • What is True Market Value (TMV) pricing?
  • What is dealer invoice (or 'dealer cost')?
  • Does Edmunds True Market Value (TMV) include taxes and fees?
  • What is True Cost to Own (TCO)?
  • What is a recall or technical service bulletin (TSB)?
  • What is a vehicle identification number (VIN)?
  • Does the vehicle width on Edmunds include the mirrors?
  • What is the difference between AWD and 4WD?
  • What's the difference between a demo car and a program car?
  • What is dealer cash?
  • What are the different types of transmissions?
  • What do the abbreviations such as V8, 3.8L or 5A mean?
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