THS Business Math Chapter 9 Vocab
Flashcard maker : Lily Taylor
includes three charges
the price of the engine, chassis, and any other standard equipment for a particular model
Extra equipment for convenience, safety, or appearance
cost for shipping
price the dealer actually pays for a vehicle. Usually expressed as a percent of the base price.
monthly published guides that give the average prices for used vehicles that were purchased from dealers during the previous month
coverage provides financial protection to the policy holder
insurance that pays for damage caused by a collision incident
insurance that pays for the damage to vehicle that was in a fire, vandalism, etc.
this is a clause in an insurance policy that requires the insured to pay a certain amount to cover repairs before the insurance company pays
amount you pay each year for insurance coverage
cost of producing a product that varies directly with the number of units produced
costs remains about the same regardless of how many miles you have driven.
decrease in value from one year to the next
Make monthly payments to the leasing company, dealer, or bank
which is a contract that allows you to use a vehicle for a set time period by making a specified number of payments
a contract allowing you the use of property, such as a vehicle, for a set time period by making a specified number of payments. At lease end, you can purchase the item for its residual value.
money you pay for the use of property, often on a monthly, weekly or daily basis