vehicle
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Created by:
anachavez17 on October 3, 2011
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12 terms
Terms | Definitions |
|---|---|
 Finance Charge | The cost of a loan in dollars and cents. |
| Buyer's Guide | Info required by the FTC to be posted on each used |
| collision insurance | Insurance that covers damage to a vehicle when it is in an accident regardless of who was at fault |
| no-fault insurance | Regardless of who caused the accident all drivers involved collect money from their own insurance |
| financial responsability law | Requires vehicle owners to prove they can pay for damages or injury caused by an automobile accident |
| Bodily insurance liability law | Insurance that protects the insured against claims or lawsuits for death or injury caused by negligence |
| Underinsured motorist insurance | Insurance that protects the insured when he or she is involved in an automobile accident and the other driver does not have enough insurance to pay for any injuries. |
| Property damage liability insurance | Insurance that applies when a person damages the property of others including such things as another car a house a telephone pole or a tree. |
| Used car rule | requires all used car dealers to place a larger sticker in the window of each vehicle explaining "as is" warranty and any other specific warranty and any other specific warranty protection involved. |
| Repossess | to take back |
| Comprehensive insurance | Insurance tthat covers damages to a vehicle from sources other than collision including fire, theft, flood, hail, wind, storm, riot, and vandalism. |
| Adhesion Contract | Standard contract used by car dealers. A sentence on the front says that the buyer agrees to terms on the |
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