Buying a Car-Auto Unit

A business that sells new or used cars

• Financial Institution

• Auto Dealership

• Facebook Marketplace

An agreement where an individual makes monthly payments to use a car for a certain length of time instead of buying the car

• Auto Lease

• Auto Loan

• Warranty

• Certified Pre-Owned Program

A comprehensive plan that covers most car parts with a few exceptions for a limited period of time

• Bumper-to-Bumper Warranty

• Depreciation Plan

• Powertrain Warranty

• Contract

An auto loan that is financed by the dealership you are getting the car from

• "Buy-Here, Pay Here" Financing

• Leasing Option

• Direct Financing

• Manufacturer Financing

A financing division of the dealership you are getting the car from that can offer you an auto loan

• Vehicle Program

• Captive Finance Company

• Assurance Program

• Bank program

A used car that has been inspected, refurbished, certified, and warranted by the original manufacturer

• Warranty Protection Vehicle

• Salvaged Vehicle

• Certified Pre-owned Car

• Refurbished Auto Plan

A type of auto loan where the dealership connects you with a lending institution (bank, credit union, etc.)

• Captive Loan

• In-House Financing

• Consumer Lending

• Dealer Arranged Financing

A decrease or loss in value

• Depreciation

• Appreciation

• Diminishment

• Amortization

A service contract that provides vehicle repair at no or low cost, after the manufacturer warranty expires 

• Vehicle Exchange Program

• Trade-In Assurance

• Maintenance Plan

• Extended Warranty 

  
  

To buy an item with credit and pay it back over time with interest 

• Leasing

• Investing

• Financing

• Stealing