Cars- Personal Finance
vehicle identification number
VIN- number with letters and numbers that identifies each vehicle manufactured or sold in the U.S.
dealer add-ons
may try to increase price with this, high prices, high profit dealer services that add little/no value
invoice price
between sticker price and price dealer paid
hybrid
car that uses gas and battery
lemon
car with defects that manufacture was unable to fix
classic cars
excellent conditions may increase value
car-buying service
allows you to choose the features you want and a professional negotiation
car title
legal document establishes ownership of vehicle
car registration
license plate fee
oxidize
loose shine/color from air
sticker price
manufacture's suggested retail price
pre-approval
process of getting a new or used car loan prearranged through your bank or credit union.
lemon laws
protect consumers from consequences of buying defective car
FCT Rule
requires that dealers fully disclose or buyers what is and is not covered underway warranty for used vehicle.
upholstery
seat-covering material
car detail
service who clean, polish the outside, along with cleaning interior
polishing compound
substance that can smooth surface, scratches, scuffs, and stains
vehicle emission test
verifies that a vehicle meets minimum clean-air standards