| A | B |
|---|
| APR | annual percentage rate, also known as interest rate |
| ASE Certified Mechanic | a recommended auto mechanic |
| bait and switch | avertising a low priced car and switching to a higher priced car |
| budget | plan for spending and saving money |
| collision and comprehensive insurance | covers the cost of fixing your car if you have and accident that is your fault |
| cost of the loan | amount of money you will pay back |
| credit life insurance | pays your loan if you die or are disabled |
| Credit Score | evaluates your credit worthiness |
| Dealer cost | cost of car to the dealer |
| dealer list price | Window sticker price--usually high |
| deductible | $ you pay before the insurance will pay |
| depreciation | steady decline in resale value of a car |
| down payment | $ you pay upfront for a car |
| extended warranty | pays for damage after the factory warranty ends |
| factory-to-dealer holdbacks | $ the factory gives to dealer if the car is sold soon |
| factory-to dealer incentives | bonus money given to dealer after the car is sold |
| Gap Insurance | covers the difference between the car's value and the loan value |
| Invoice price | manufacturer'e charge to dealer |
| Lemon | car that breaks down over and over |
| Liability insurance | covers damage you do to someone else |
| premium | $ you pay for insurance |
| Ininsured motorist insurance | covers you if you are hit by someone with no insurance |
| upside-down | you owe more for your car than it is worth |
| VIN number | 17 digit number related to information about a car |
