Finance: Unit 6 Vocab Review

The total of the base price, options, & destination charge

• base price

• destination charge

• options

• sticker price

the price of the engine, chassis, & other standard equipment for a particular model

• base price

• destination charge

• options

• sticker price

the cost of shipping a car from the automobile manufacturer to the dealership

• base price

• destination charge

• options

• sticker price

extra features for safety, convenience, or appearance

• base price

• destination charge

• options

• sticker price

a decrease in the value of a vehicle based on its age or condition

• depreciation

• inflation

• MSRP

auto expenses that increase the more miles you drive

• annual costs

• fixed costs

• variable costs

Tags

CCSS.HSF-LE.A.1B

auto expenses that remain the same regardless of how many miles you drive

• annual costs

• fixed costs

• variable costs

Tags

CCSS.HSF-LE.A.1B

the amount of money you pay for insurance coverage

• claim

• deductible

• premium

• surcharge

a request for money to cover expenses due to an accident

• claim

• deductible

• premium

• surcharge

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

the amount you must pay if there is a loss before the insurance company will pay

• claim

• deductible

• premium

• surcharge