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.
For other uses, see OEM (disambiguation) . Original equipment manufacturer (OEM) is a term used when one company makes a part or subsystem that is used in another company's end product.The term is used in several ways each of which is clear in context.It can refer to a part or subsystems maker, an end product producer, or an automotive part that is manufactured by the same company that produced the original part used in assembly.he term is used in several ways each of which is clear in context. It can refer to a part or subsystems maker, an end product producer, or an automotive part that is manufactured by the same company that produced the original part used in assembly.