Vehicle Transportation Vocabulary Test (Ch 9)

Front

What is the payment for the use of property, such as a building or vehicle, often on a daily, weekly, or monthly basis?

Back

Rent

Front

What is the price actually paid for a vehicle by a dealer, usually expressed as a percent and is not negotiated?

Back

Dealer's cost

Front

What is the cost of shipping a vehicle from the factory to the dealer?

Back

Destination charge

Front

What is the total price of the vehicle, including the base price, options, and destination charge?

Back

Sticker price

Front

What requires the insured to pay a certain amount before the insurance company pays?

Back

Deductible clause

Front

What is a legal agreement that allows one party to use another party's property for a specified time in exchange for payment?

Back

Lease

Front

What is the amount paid by a vehicle owner to an insurance company for coverage?

Back

Annual premium

Front

What is the additional cost for optional features added to a vehicle?

Back

Options

Front

What is the initial price set by the manufacturer for a vehicle before any discounts or negotiations?

Back

Base price

Front

What is the term for the amount of money a buyer must pay out-of-pocket before insurance coverage kicks in?

Back

Deductible