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Buying and Leasing a Vehicle

Chapter 15 Vocabulary from Practical Math for Consumers

AB
car price guidea book that shows the wholesale and retail prices of cars
invoice pricethe price the car dealer pays the manufacturer for a car
manufacturer's suggested retail pricethe price suggested by the manufacturer for a customer to pay for a new car
warrantyan agreement that the manufacturer will replace a item, fix it for free, or return your money if the item cannot be fixed
down paymentmoney you give the car dealer that lowers the amount left to pay on the car
trade-ina used vehicle that a car dealer takes from a customer in part payment fo another vehicle
leaseto rent a vehicle for a certain period of time; the written agreement to rent
residual valuethe value of a car at the end of a lease
depreciationa decrease in the value of an item because of use and age


Bloomington High School
Bloomington, CA

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