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Personal Finance Chapter 23

AB
pre-approvalFinding out how much money you can borrow
sticker priceIs displayed in printed form on the vehicle; it is the suggested retail price
test driveWhen you do this, you can compare ride, handling, features, and cost at several dealers.
vehicle emission testAssures that the car meets minimum clean air standards
VINA unique way to identify a car
Dealer add-onsAre high-priced, high-profit dealer services with little or no value
leasingA contractual agreement; allows monthly payments for the use of a vehicle, without ownership
depreciationThe decline in value of vehicle during its lifetime
appreciateVery old vehicles in excellent condition may ____, or increase in value
car titleLists the legal owner and the registered owner of a vehicle
oxidizingThe process of permanently losing color and shine
abrasivesCoarse and strong chemicals can damange the paint on a car
upholsteryCar's interior, covering on seats, must be maintained to preserve
warrantywritten guarantee of the soundness of a product
lemon lawsConsumers are proteched by ___, which identify cars as being unrepairable
polishing compoundCan be used to ride the surface of a car of scratches, scuffs, and stains
hybridA type of vehicle that uses alternate energy sources
Buyer's GuideThe Federal Trade Commission requires dealers to place this sticker on all used cars they offer


East Laurens High School
East Dublin, GA

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