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 replacement 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 exchange 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 car due to accident |
|
|
Term
| Comprehensive Physical Damage Insurance |
|
Definition
| Pays for loss or damages not resulting from a collision---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 |
|
|
