Reconditioning
The process of preparing a vehicle for retail sale, including detailing, minor repairs, safety inspections, and cosmetic touch-ups. A key component of landed cost.
Definition
The process of preparing a vehicle for retail sale, including detailing, minor repairs, safety inspections, and cosmetic touch-ups. A key component of landed cost.
Related Terms
Landed Cost
The total cost of acquiring a vehicle including purchase price, auction fees, transport, inspection, title fees, and any reconditioning needed.
Retail
The price at which vehicles are sold to end consumers, either at dealerships or through private sales. Retail prices include dealer markup and reconditioning costs.
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