Buying a Car Glossary-Quizlet assignment

Seating capacity

'a seating capacity of'.

Kelly Blue Book

Kelley Blue Book's appraise of what a customer can anticipate to get from a merchant for a trade-in vehicle expecting an precise examination of condition.

Trim package

a adaptation of a specific demonstrate with a specific setup.

lemon ( dealing with a car)

a car with a noteworthy deformity or glitch that creates it hazardous to drive

Warranty

a composed ensure, issued to the buyer of a piece of by its producer, promising to repair or supplant it in case vital inside a indicated period of time.

Depreciation

a lessening within the esteem of an resource with the section of time, due in specific to wear and tear.

Computer chip

a minor wafer of semiconducting fabric with an inserted electronic circuit.

Down Payment

a portion of the total cost of an item that must be paid at the time of purchase

deductible

able to be deducted, particularly from assessable wage or charge to be paid.

gap insurance

an discretionary car protections scope that makes a difference pay off your auto advance in the event that your car is totaled or stolen and you owe more than the car's deteriorated esteem

Manufacturer (give 5 examples with your definition)

car companies, pastry kitchens, shoemakers and tailors

Accessory (for a vehicle)

engine vehicle adornment implies an extra portion or fitting planning to be joined to or carried by a engine vehicle for the reason of upgrading its consolation

Payoff amount (of a loan)

how much you'll really need to pay to fulfill the terms of your contract credit and totally pay off your obligation

True Market Value

most likely cost which a property. ought to bring in a competitive and open showcase beneath all conditions.

VIN (number) What is this on a vehicle, where is it found, and why does each vehicle have a VIN?

on the driver's side dashboard or entryway pillar,

Docking fees (Document fees for a car purchase at a dealership)

paying for printed material.

Model (give 5 examples with your definition)

somebody or something set some time recently one for direction or impersonation.

Manufacturer's warranty

the automaker's ensure that in case issues happen inside a certain period of time or number of miles, it'll be capable for the repairs.

Make (of the car)

the brand of the vehicle

MSRP

the cost that the automaker - the producer - recommends that the merchant inquire for the vehicle

Interest (of a loan)

the cost you pay to borrow cash or the fetched you charge to loan cash.

Annual percentage rate

the fetched you pay each year to borrow cash, counting expenses, communicated as a rate

Emissions

the generation and release of something, particularly gas or radiation.

Powertrain

the instrument that transmits the drive from the motor of a vehicle to its hub.

Principal (of a loan)

the money simply initially concurred to pay back

Miles per gallon

the normal number of miles a vehicle can drive on one gallon of fuel.

Hybrid

the sibling of two plants or creatures of distinctive species or assortments, such as a donkey (a half breed of a jackass and a horse).