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.
Non-Capital Equipment. Non-Capital Equipment is defined as âa single item (not invoice) that costs between $1000 and $4,999 that is freestanding and has a use life of one year or more.â Equipment of this type may be put on a Purchase Card or LPO.apital Equipment. Capital equipment is defined as a single item (not invoice) that costs $5,000.00 or more, is freestanding and has a use life of one year or more. Please fill in box #17 on your Requisition entitled âAsset Control Unit #,â for all such purchases.