A buyerâs closing costs might typically range from 2 to 7 percent of the sales price, or $2,000 to $7,000 on the purchase of a home.
The term OEM stands for Original Equipment Manufacturer. What does that really mean? It means that the part was made by a company that is a subcontractor to a vehicle manufacturer. It DOES NOT mean the part was made by the manufacturer.Some examples; 1  Most fuel parts on a VW are made by Bosch. 2  This means that Bosch is the OEM for VW regardless of where you buy the Bosch part it is still OEM.t means that the part was made by a company that is a subcontractor to a vehicle manufacturer. It DOES NOT mean the part was made by the manufacturer. Some examples; 1  Most fuel parts on a VW are made by Bosch. 2  This means that Bosch is the OEM for VW regardless of where you buy the Bosch part it is still OEM.
(authorized representative, distributor, retailer, wholesaler, user, sub-contractor, own brand labeller, private labeller). 1  The manufacturer is any natural or legal person who is responsible for designing and manufacturing a product with a view to placing it on the Community market under his own name (or trademark. ).he manufacturer has sole and ultimate responsibility for the conformity of the product to the applicable directives, whether he designed and manufactured the product himself or is considered as a manufacturer because the product is placed on the market under his name.