Term
|
Definition
Public modes of transportation available in cities---bus, subway, trolley |
|
|
Term
|
Definition
Grouping with others to share rides to and from work |
|
|
Term
|
Definition
|
|
Term
|
Definition
Describes any repairs or replacements done on a used care |
|
|
Term
|
Definition
|
|
Term
|
Definition
A line of vehicles made by a specific company, such as Ford Taurus |
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
Dealerships with huge inventories of new and used vehicles |
|
|
Term
|
Definition
Type of fuel used and miles per gallon |
|
|
Term
|
Definition
A vehicle’s ability to accelerate for speed |
|
|
Term
|
Definition
A vehicle’s ability to handle, brake, and accelerate on the road |
|
|
Term
|
Definition
The price the dealer pays the manufacturer |
|
|
Term
|
Definition
The price of a vehicle with standard equipment |
|
|
Term
|
Definition
Features available at extra cost or special prices |
|
|
Term
manufacturer’s suggested retail price |
|
Definition
Base price + price options installed by manufacturer + manufacturer’s transportation charge |
|
|
Term
|
Definition
Dealer’s initial asking price as found on the sticker in the vehicle window |
|
|
Term
|
Definition
Costs when signing a lease---deposit, taxes, and registration fees |
|
|
Term
|
Definition
Monthly payments in eschange for exclusive use of vehicle for a time |
|
|
Term
|
Definition
|
|
Term
capitalized cost reduction |
|
Definition
Payment similar to down payment that results in lower monthly payment |
|
|
Term
|
Definition
Length of the lease---usually, 24, 36, or 48 months |
|
|
Term
|
Definition
At end of lease, the alternative to purchase the leased vehicle |
|
|
Term
|
Definition
The worth of a leased vehicle at the end of the lease |
|
|
Term
|
Definition
A loan to be repaid in equal payments |
|
|
Term
|
Definition
Covers when liable or responsible for an accident where others are injured or killed |
|
|
Term
|
Definition
Pays for loss or damages to insured person’s care due to accident |
|
|
Term
comprehensive physical damage insurance |
|
Definition
Pays for loss or damage not resulting from a collision---e.g., fire, theft, falling objects |
|
|
Term
|
Definition
Pays claims regardless of who is at fault |
|
|
Term
underinsured motorist insurance |
|
Definition
Covers difference between liability coverage and underinsured motorist and the amount of losses |
|
|
Term
|
Definition
Covers costs of renting a care while yours is being repaired |
|
|
Term
|
Definition
The cost for insurance coverage for the term of the insurance policy |
|
|
Term
|
Definition
The amount an insured person must pay before the insurance company pays on a claim |
|
|