Ch. 10 Vocabulary

individual or company whose business is selling cars

when the damage to a vehicle reaches or exceeds its value

price of an item set by its manufacturer (put the abbreviation as your answer)

discount in the price of a car that is the result of the trade in of another car

insurance that pays for bodily injury or property damage that person or his/her causes

sales tax, title transfer fee, registration or license fee, and other costs that must be paid at the time a car is purchased

when an asset loses value

suggested price of a car being sold at an automobile dealer

guarantee from a manufacturer that the item purchased will perform to a certain standard or be free from defects for a specified period of time

optional additional warranty offered by manufacturers and 3rd party companies that can be purchased by the consumer