| A | B |
|---|
| depreciate | to decrease in value |
| disclosure sheet | describes any repairs, replacements done on used cars |
| make | brand of the car |
| model | line of vehicles made by a specific company |
| domestic | American made |
| imported | foreign-made |
| auto superstore | dealerships with hugh inventories of new and used cars |
| fuel economy | type of fuel used as miles per gallon |
| power | vehicles ability to accelerate for speed |
| performance | vehicles ability to handle, brake, accelerate on the road |
| invoice price | price dealer pays manufacturer |
| base price | price of vehicle with standard equipment |
| options | features available at extra cost or special prices |
| manufacturer's suggested retail price | Base price + price options installed by manufacturer + manufacturer's delivery charges |
| sticker price | dealer's initial asking price as found on the sticker in the vehicle window |
| up front costs | costs when signing a lease |
| leasing | monthly payments in exchange for exclusive use of vehicle for a time |
| capitalized cost | price for a leased car |
| capitalized cost reduction | payment similar to a down payment that results in lower monthly payment |
| lease term | length of lease, usually 24,36, or 48 months |
| option to purchase | At end of lease, alternative to purchase the leased vehicle |
| residual value | worth of leased vehicle at end of lease |
| installment loan | loan to be repaid in equal payments |
| premium | cost for insurance coverage for the term of the policy |
| deductible | amount an insured person must pay before the insurance company pays on a claim |
