Ch 23 Buying and Caring for a Used Vehicle

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Created by:

coachdawkins  on May 3, 2012

Subjects:

Personal Finance

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Ch 23 Buying and Caring for a Used Vehicle

Pre-Approval
Determining the amount of money you will be qualified to borrow before going to car dealer.
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Terms

Definitions

Pre-Approval Determining the amount of money you will be qualified to borrow before going to car dealer.
Vehicle Identification Number (VIN) A number on the dash of a vehicle that tells the cars history.
Vehicle Emission Test verifies that a vehicle meets the minimum clean-air standards.
Sticker Price the price shown on the tag in the cars window.
Dealer Add-Ons high-priced, high-profit dealer services that add little to no value.
Lemon a car with substantial defects that the manufacturer has been unable to fix after repeated attempts.
Oxidize permanently lose its color and shine because of chemical reactions with the air.
Polishing Compound a substance that can smooth out surface scratches, scuffs, and stains.
Abrasives coarse materials that can rub away a surface.
Upholstery Seat-covering material.
Identify Your Wants and Needs The first step in the car buying process.
Kelley Blue Book Source of information in determining a fair price for a vehicle.

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