1.
base price: price of the engine, chassis, and any other piece of standard equipment for a particular model
2.
collision insurance: insurance that pays to repair a vehicle if it's involved in an accident
3.
comprehensive insurance: insurance protection from losses due to fire, vandalism, theft, and other causes
4.
dealer's cost: price actually paid for a vehicle by a dealer, usually expressed as a percent
5.
deductible clause: an insurance clasue that requires the insured to pay a certain amount before the insurance company pays
6.
depreciation: a decrease in the value of a vehicle because of its age and condition
7.
destination charge: cost of shipping a vehicle from the factory to the dealer
8.
fixed costs: vehicle costs that remain about the same regardless of how many miles you drive
9.
lease: an agreement to use a vehicle for a period of time, usually two to five years
10.
liability insurance: financial protection against accidents that cause bodily injury and property damage
11.
options: extra equipment on a vehicle no added to the base price, such as a sunroof, air conditioning, and tinted glass
12.
rent: payment for use of a vehicle, often on a daily, weekly, or monthly basis
13.
sticker price: total price of a vehicle, including base price, options, and destination charge
14.
used vehicle guides: guides published monthly that give the average prices of vehicles that were purchased for, dealers during the previous month
15.
variable costs: vehicle costs that increase the more you drive, like gasoline and tires
