Aussie Car Brokers - Glossary

Agreement of sale

Otherwise known as a sales or car purchase agreement, this agreement basically states that the seller is selling the car and the buyer is buying the car under a specified set of terms. Both parties would then sign the contract.

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Car Auction

Also called public car sale. a publicly held car sale at which cars are sold to the highest bidder. Some auction places in Australia are Pickels Auctions, Shannons Auctions.

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Car Broker

A company (such as Aussie Car Brokers) that will assist a client in negotiating a price for a new car. A car broker can receive a better deal on any new car in the from of a general, national or private fleet discount. With their large buying power and expert knowledge of the motor industry, a car broker will save you time and money.

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Car Buying Service

A car broker business that will act on your behalf to get you a great new car discount, fleet discount, general or private fleet discount on all new cars.

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Car Dealer

Business that sells new cars and used cars.

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Car Manufacturer

Company that produces and makes the different types of models of vehicles. ie. Audi, Alfa Romeo, Aston Martin, Bentley, BMW, Chrysler, Citroen. Daihatsu, Ferrari, Fiat, Ford, holden, HSV, Honda, Hyundai, Jaguar, Jeep, Kia, Landrover, lexus, Lotus, Mazda, Mercedes, Mini, Mitsubishi, Nissan, Peugeot, Porsche, Renault, Rover, Saab, Subaru, Suzuki, toyota, Volvo, VW.

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Car Discount

A price paid on a new car that is lower than RRP, Aussie Car Brokers can help you get a new car discount on all new cars.

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Car Dealer Holdback

An allowance paid by the manufacturer to the new car dealer to allow the dealer to purchase a vehicle for less than the invoice price.

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Dealership

A company authorized by a manufacturer to sell that manufacturer's products.

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Depreciation

The apportionment of cost of a (usually large) capital item over an agreed period, (based on life expectancy or obsolescence), for example, new car costing $30k having a life of five years might be depreciated over five years at a cost of $2k per year. (In which case the P&L would show a depreciation cost of $2k per year; the balance sheet would show an asset value of $28k at the end of year one, reducing by $2k per year; and the cash flow statement would show all $30k being used to pay for it in year one).

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Fleet Discount

A type of discount on a new car purchase, this is given depending on how many vehicles a company may have. Advance Car Loans can provide clients with all new car discounts.

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Upside Down

The phenomenon of upside down or negative equity is visible when the balance that a borrower owes on an car loan exceeds the value of car.