The make and model of a car refer to the brand of vehicle and the type of product a car company is offering. For example, when you refer to a Honda Accord, you are referring to both its make, Honda, and the product the auto company is selling, their Accord model.
Understanding the difference between make and model is important. It has implications for what features you will be offered as a consumer, the cost of the vehicle, insurance rates, and financing.
Key Points
• You can think of the make of a car being the brand and the model being the specific style of a car within that brand.
• Car make and model influence features, costs, and financing, and affect engine type, interior quality, insurance rates, and loan terms.
• Same model cars vary in body styles, trim levels, and engine types, offering diverse options.
• Luxury brands and advanced models are pricier and costlier to maintain than economical ones.
• Make and model consideration is vital for budgeting and meeting personal needs when buying a car.
What Is the Make and Model of a Car?
The make of a car is synonymous with its brand. It may also be the same as the manufacturer of the vehicle, but this is not necessarily the case. For example, while Ford is both a make and a manufacturer, the Ford Motor Company also owns Lincoln, which is another make.
The make of a car will typically offer a number of different models under its brand name. The model of a car is a specific motor vehicle that belongs to a make brand. The model helps you identify exactly what type of vehicle you’re getting. However, the model may also refer to more than one body style.
For example, the Honda Accord has been offered as a sedan, a hatchback, and a wagon. Models often include numbers to help differentiate between them. Any model of car can vary year to year, so using the year in conjunction with make and model can help you identify an exact product.
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Make and Model of Car Examples
Listed below are various make and model of car examples:
Make Examples
• Acura
• Audi
• BMW
• Chevrolet
• Chrysler
• Dodge
• Ford
• GMC
• Honda
• Nissan
• Tesla
• Toyota
Model Examples
Here are some of the most popular makes and models in the U.S.:
• Ford F-Series
• Chevrolet Silverado
• Toyota Rav4
• Tesla Model Y
• Honda CR-V
Differences Between Vehicles of the Same Model
Make and model can vary depending on what year a car is produced and it can also encompass a number of different features, from body style to trim.
Body Styles
The make and model of a vehicle may be offered in a variety of body styles. Here are some common examples:
• Sedan: Offers four doors and a traditional trunk and may come in a range of sizes from small to full-size.
• Wagon: Has four doors, an extended roof, and a hatch door in place of a trunk.
• Hatchback: Traditional hatchbacks have been made like small sedans with a hatch door in the back. Recently, manufacturers have been putting this feature on larger vehicles.
• Sport Utility Vehicle (SUV): These tend to be tall, have a higher seating position, and offer more ground clearance than cars like sedans.
• Pickup Truck: Offers a cab in front and an open bed in the rear of the vehicle.
• Minivan: Built for carrying a lot of people and cargo, minivans tend to be tall, offer a lot of space, sliding doors, and a hatch in the rear.
Trim Level
Trim levels are essentially various versions of a model, each offering different features. Higher trim levels offer more equipment and may include the use of better quality materials in the vehicle interior. Examples are leather upholstery and higher-quality materials for flooring and side panels.
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Model Year
The model year denotes the year in which a vehicle from a particular fleet is produced. Confusingly, manufacture often begins in the year preceding the model year. That’s why in 2025 you could already be seeing 2026 models appearing at car dealerships.
It’s important to pay attention to model years because models can undergo big design changes from year to year.
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Engine Size and Type
Cars of the same model may have different engine sizes and types. The engine size may be measured in liters, such as a 2.5-liter engine with four cylinders or a 3.5-liter engine with six cylinders. A smaller engine may generate better fuel economy than a larger engine, while a larger engine may generate more torque and horsepower.
The engine type of a vehicle can be gasoline or diesel. This is the case for models with an internal combustion engine. All-electric vehicles don’t have internal combustion engines and run on electric motors fueled by rechargeable batteries instead.
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AWD vs Rear or Front Wheel Drive
Vehicles can have different drivelines, including all-wheel drive (AWD), rear-wheel drive (RWD), and front-wheel drive (FWD):
• AWD vehicles have the means to distribute torque to all wheels on the vehicle.
• RWD vehicles distribute torque from the engine to the rear wheels only.
• FWD vehicles distribute torque from the engine to the front wheels only.
Quality of Interiors, Speakers, and More
Cars of the same model may have different interior features. Some versions of a car model, for example, may feature leather-trimmed seats with multi-stage heating. Some versions may feature more speakers than the base model, and premium versions may feature a sunroof.
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Why Is a Car’s Make and Model Important?
When choosing what car to buy, make and model are not only important considerations when deciding what features you want or need, but they also have a financial impact.
May Impact Auto Insurance
Before settling on a make and model, consider that more expensive makes are, in turn, more expensive to insure. That’s because luxury vehicles like BMWs or a Lexus are pricier to repair or replace than more economical cars like a Honda. Even buying a classic car can saddle you with high insurance premiums.
Insurance may also be pricier for factors associated with different models, such as horsepower. The more powerful an engine, the more it may cost to insure since it can be driven at higher speeds.
Using Finder® data, the table below highlights how the make of your vehicle can influence the insurance rate you pay:
| Make | Average monthly premium |
|---|---|
| Ferrari | $913 |
| Aston Martin | $548 |
| Lamborghini | $502 |
| Lotus | $444 |
| Maserati | $411 |
| Ford | $185 |
| Hyundai | $180 |
| Subaru | $168 |
| Acura | $167 |
| Honda | $161 |
Price of the Vehicle
Make and model will also have an impact on price. Of course, luxury brands will tend to cost consumers more to buy, as will models with extra features. Some makes and models hold their value longer than others, making them more expensive to buy on the used market.
Car Loan Terms
Because make and model have such a big impact on price, they will in turn have an impact on car loan requirements, including if you decide to refinance your vehicle.
More expensive vehicles may have higher monthly payments and might require you to take on a loan with a longer term, which can translate into more interest payments over time.
Auto Loan Refinancing
Your car’s book value, which is largely determined by make and model, may have a big impact if you decide to refinance your auto loan.
Lenders use a metric called loan-to-value (LTV) ratio to help them determine whether to refinance your auto loan. LTV compares how much you owe on your vehicle to how much your car is worth and must be considered when weighing the risks and rewards of refinancing.
If your car is worth less than the amount you owe, you may have difficulty securing refinancing. Consider how soon you can refinance to increase your chances of securing a favorable loan.
Getting a Title or Plates
The true cost of refinancing a car can include registration and title transfer fees. Some states may require you to re-register your car when you refinance. Some states may also charge a title transfer fee as the title moves from your old lender to the new one.
Taking a Vehicle in for Maintenance or Repairs
Taking a vehicle in for maintenance or repairs can be costly, but getting a cash out auto refinance can help you borrow money to cover such expenses. If you have sufficient equity in your car, a cash out auto refinance can replace your existing car loan with a larger-sized loan. The cash that you borrow from a cash out auto refinance may have few restrictions on how you may use the funds.
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How Does Make and Model Affect Loan Refinancing Rates?
The make and model of a vehicle may have no impact or little impact on auto loan refinancing rates. Refinancing may give you a lower monthly payment by giving you a longer term or lower interest rate.
Here are some additional points to consider when evaluating whether refinancing is right for you:
• Refinancing for a lower monthly payment in some cases may extend your term, and extending your term can saddle you with more interest charges over the life of your loan.
• An auto loan refinance calculator can help you see whether a refinanced loan offer may increase or decrease your total interest costs.
• Subprime borrowers may qualify for bad credit refinancing, but they are likely to qualify for steeper interest rates.
• In general, average auto loan refinancing interest rates are lower for borrowers with excellent credit than borrowers with bad credit.
The Takeaway
Understanding make and model can help you buy a car that meets your needs in terms of capabilities and specifications. It can also help keep you on budget, offering insight into how much you’ll pay for insurance or what kinds of rates you might get if you take out or refinance an auto loan.
If you’re seeking auto loan refinancing, SoFi is here to support you. On SoFi’s marketplace, you can shop and compare financing options for your car in minutes.
FAQ
How many different makes and models of cars are there in total?
There are dozens of car makes and hundreds of models, including high-maintenance luxury cars. It can be difficult to quantify the total number, considering there are numerous makes and models sold in the United States and around the world.
How do you find out your VIN?
You may find your vehicle identification number located on the driver’s side dashboard of your car. Your VIN may also be listed in your car registration and insurance documents.
What is the make and model of a car?
The easiest way to think of a vehicle’s make is to think of it as a brand name. A vehicle’s model further helps delineate what type of product you are buying from that brand. What is the model of a car? A model of car is a specific vehicle within the make brand.
What’s an example of the make and model of a car?
A Honda Civic is an example of a car make and model. Honda is the brand, and Civic tells you the type of vehicle the brand is offering. In this case, it is likely a compact sedan.
How do I find out the make and model of my car?
Take a look at the logos, emblems, and badges on the exterior of your car to determine make and model. Barring that, decoding your vehicle identification number (VIN) online may provide this information.
Photo credit: iStock/Scharfsinn86
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