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32 Cards in this Set
- Front
- Back
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public transit
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Public modes of transportation available in cities---bus, subway, trolley
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carpooling
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Grouping with others to share rides to and from work
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depreciate
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To decrease in value
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disclosure sheet
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Describes any repairs or replacements done on a used care
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make
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The brand of a vehicle
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domestic
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American-made
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imported
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Foreign-made
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auto superstore
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Dealerships with huge inventories of new and used vehicles
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fuel economy
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Type of fuel used and miles per gallon
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power
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A vehicle’s ability to accelerate for speed
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performance
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A vehicle’s ability to handle, brake, and accelerate on the road
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invoice price
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The price the dealer pays the manufacturer
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base price
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The price of a vehicle with standard equipment
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options
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Features available at extra cost or special prices
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manufacturer’s suggested retail price
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Base price + price options installed by manufacturer + manufacturer’s transportation charge
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sticker price
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Dealer’s initial asking price as found on the sticker in the vehicle window
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up front costs
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Costs when signing a lease---deposit, taxes, and registration fees
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leasing
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Monthly payments in eschange for exclusive use of vehicle for a time
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capitalized cost
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Price for a leased care
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capitalized cost reduction
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Payment similar to down payment that results in lower monthly payment
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lease term
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Length of the lease---usually, 24, 36, or 48 months
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option to purchase
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At end of lease, the alternative to purchase the leased vehicle
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residual value
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The worth of a leased vehicle at the end of the lease
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installment loan
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A loan to be repaid in equal payments
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liability insurance
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Covers when liable or responsible for an accident where others are injured or killed
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collision insurance
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Pays for loss or damages to insured person’s care due to accident
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comprehensive physical damage insurance
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Pays for loss or damage not resulting from a collision---e.g., fire, theft, falling objects
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no-fault auto insurance
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Pays claims regardless of who is at fault
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under-insured motorist insurance
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Covers difference between liability coverage and underinsured motorist and the amount of losses
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rental reimbursement
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Covers costs of renting a care while yours is being repaired
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premium
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The cost for insurance coverage for the term of the insurance policy
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deductible
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The amount an insured person must pay before the insurance company pays on a claim
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