Transportation Options
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Public transit | Public modes of transportation available in cities---bus,subway,trolley
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| Carpooling | Grouping with others to share rides to and from work
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| Depreciate | To decrease in value
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| Disclosure sheet | Describes any repairs or replacements done on a used care
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| Make | The brand of a vehicle
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| Model | A line of vehicles made by a specific company, such as Ford Taurus
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| Domestic | American-made
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| Imported | Foreign-made
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| Auto Superstore | Dealerships with huge inventories of new and used vehicles
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| fuel economy | Type of fuel used and miles per gallon
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| Power | A vehicle's ability to accelerate for speed
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| Perfomance | A vehicle's ability to handle,brake, and acceleration the road
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| Invoice price | The price the dealer pays the manufacturer
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| Base price | The price of a vehicle with standard equipment
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| Options | Features available at extra cost or special prices
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| Manufacturer's suggested retail price | Base price+price options installed by manufacturer+manufacturer's transportation charge
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| Sticker price | Dealer's initial asking price as found on the sticker in the vehicle window
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| Up front costs | Costs wen singing a lease---Deposit, taxes,and registration fees
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| Leasing | Monthly payments in exchange for exclusive use of vehicle for a time
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| Capitalized cost | Price for a leased care
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| Capitalized cost reduction | Payment similar to down payment that results in lower monthly payment
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| Lease term | Length of the lease---usually, 24,36, or 48 months
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| Option to purchase | At end of lease, the alternative to purchase the leased vehicle
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| Residual value | The worth of a leased vehicle at the end of the lease
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| Installment loan | A loan to be repaid in equal payments
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| Liability insurance | Covers when liable or responsible for an accident were others are injured or killed
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| collision insurance | Pays for loss or damages to insured person's care due to accident
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| Comprehensive physical damage insurance | pays for loss or damage not resulting from a collision---E.g.,fire, theft, falling objects
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| No-fault auto insurance | Pays claims regardless of who is at fault
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| Underinsured motorist insurance | Covers difference between liability coverage and Underinsured motorist and the amount of losses
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| Rental reimburstement | Covers cost of renting a care wile yours is being repaired
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| Premium | The cost for insurance coverage for the term of the insurance policy
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| Deductible | The amount an insured person must pay before the insurance company pays on a claim
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Created by:
coxke3
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