| A | B |
|---|
| lease | make monthly payments in exchange for exlusive use of a vehicle for an amt of time |
| maintenance | up-keep, keeping a vehicle in good condition |
| warranty | guarantee of service |
| down payment | a fixed amount of cash before being able to get a loan |
| wear and tear | normal damage after normal use |
| mileage limit | agreed-upon number of miles you can drive a leased car within the time period of the lease |
| rebate | return of part of the price you pay |
| trade-in | selling your old car as part of the cost of your wanted car |
| title | legal document that proves who owns the car |
| repossess | take back |
| lessee | person who leases the car |
| capitalized cost reduction | payment, similar to a down payment that results in a lower monthly payment |
| depreciation | difference betw the car's original value and projected value at end of lease |
| reliability | dependability |
| MPG | miles you can travel per gallon of gas |
| road test | practical tests conducted by professional drivers to judge car performance |
| book value of a car | estimated value of a given make, model and year of a car |
| make of a car | car maker (Honda, Ford, etc) |
| invoice price | price the dealer pays the manufacturer for the car |
| MSRP | manufacturer's suggested retail price |
| base price | car with its standard equipment |
| options | features available at extra cost (CD player, sunroof) |
| sticker price | dealer's first asking price marked on the car's window |
| odometer | tells how many miles car has been driven |
| VIN | legal vehicle identification number |
| negotiate | argue about the price from the invoice price up |
| defect | problem |
| maintenance schedule | timetable for routine servicing |
| reconditioned part | a part which has been rebuilt, recycled |
| recall | manufacturer's request for owners to take car in for free safety repair |
