Lesson 23-1 Review

Front

the process of getting a new- or used-car loan prearranged through your bank or credit union

Back

preapproval

Front

an alphanumeric number that identifies each vehicle manufactured or sold in the United States

Back

vehicle identification number (VIN)

Front

What is used to verify that a vehicle meets the minimum clean-air standards? Options: preapproval, vehicle identification number (VIN), vehicle emission test, invoice test, car-buying service

Back

vehicle emission test

Front

the manufacturer's suggested retail price (MSRP) shown on the tag in the car's window

Back

sticker price

Front

the price the dealer paid for a car

Back

invoice price

Front

a service that allows you to choose the vehicle features you want, and a professional car buyer takes over the price negotiation for you

Back

car-buying service

Front

high-priced, high-profit dealer services that add little or no value to an automobile

Back

dealer add-ons

Front

laws that protect consumers from the consequences of buying a defective car

Back

lemon laws

Front

a car with substantial defects that the manufacturer has been unable to fix after repeated attempts

Back

lemon

Front

What requires that dealers fully disclose to buyers what is and is not covered under warranty for the used vehicle? Options: dealer add-ons, lemon laws, lemon, FTC rule, warranty

Back

FTC rule