Test Review: Car Buying and Car Insurance

Discounts given by the manufacturer

• Rebate

• Pre-approval

• Sticker Price

• Registration

Provide a remedy for purchasers of cars and other consumer goods.

• Dealer Incentive

• Lemon Laws

• Warranty

• Upside Down Loan

A part of the general insurance system of risk financing to protect the purchaser

• Warranty

• Down Payment

• Liability

• Extended Warranty

Total price of a vehicle, including base price, options, and destination charge.

• MSRP

• MPG

• Rebate

• Sticker Price

Document and fee that includes who the main operator of the vehicle is.

• Warranty

• Title

• Registration

• Down Payment

The process of determining how much money a prospective buyer will be eligible to borrow prior to an application for a loan

• VIN

• Preapproval

• Down Payment

• Upside Down Loan

a rating of car’s fuel efficiency that indicates how many miles the car can drive

• Miles Per Gallon (MPG)

• Vehicle Identification Number (VIN)

• Manufacturers Suggested Retail Price (MSRP)

• Liability

Legal document that established ownership

• Car Paperwork

• Car Libility

• Car Regsitration

• Car Title

a written statement about a products quality or performance

• Rebate

• Warranty

• Limited Warranty

• Sold As-Is Agreement

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

• Vehicle Registration Number (VRN)

• Vehicle Number (VN)

• Vehicle Identification Number (VIN)

• Vehicle Paperwork (VP)