annual percentage rate (apr)

• the interest rate on a loan represented as a percentage

• the reduction in value of a car over time usually based on the wear and tear caused by driving the car

• the brand or company that made a car, such as Ford

depreciation

• the measure of how far a car can travel using exactly one gallon of gas

• the specific vehicle name within a make, such as a Ford Mustang

• the reduction in value of a car over time usually based on the wear and tear caused by driving the car

• the amount that a car manufacturer advises the dealers to charge for the car (starting point for negotiations)

down payment

• the price of a car that includes feeds and other charges added to the price of the car (often not included in the advertised price)

• sum of money you pay to the bank upfront when getting a car loan

• the amount that a car manufacturer advises the dealers to charge for the car (starting point for negotiations)

• additional coverage that you can buy to pay for repairs or replacements needed beyond the original warranty period

make

• the specific vehicle name within a make, such as a Ford Mustang

• the reduction in value of a car over time usually based on the wear and tear caused by driving the car

• the measure of how far a car can travel using exactly one gallon of gas

• the brand or company that made a car, such as Ford

model

• the brand or company that made a car, such as Ford

• the specific vehicle name within a make, such as a Ford Mustang

• the amount that a car manufacturer advises the dealers to charge for the car (starting point for negotiations)

• the company that built the vehicle, such as General Motors

manufacturer

• the company that built the vehicle, such as General Motors

• the specific vehicle name within a make, such as a Ford Mustang

• the measure of how far a car can travel using exactly one gallon of gas

miles per gallon (MPG)

• the measure of how far a car can travel using exactly one gallon of gas

• the amount that a car manufacturer advises the dealers to charge for the car (starting point for negotiations)

• principal

  amount of your monthly payment that goes towards paying off your loan BEFORE interest

• the price of a car that includes feeds and other charges added to the price of the car (often not included in the advertised price)

Manufacturer's Suggest Retail Price (MSRP)

• the amount that a car manufacturer advises the dealers to charge for the car (starting point for negotiations)

• the assurance that your car will be protected from any major issues in case something happens before a certain number of years/miles you drive it (the manufacturer will cover the costs of repairs during this period)

• additional coverage that you can buy to pay for repairs or replacements needed beyond the original warranty period

principal

• the company that built the vehicle, such as General Motors

• the amount that a car manufacturer advises the dealers to charge for the car (starting point for negotiations)

• amount of your monthly payment that goes towards paying off your loan BEFORE interest

True Market Value

• the assurance that your car will be protected from any major issues in case something happens before a certain number of years/miles you drive it (the manufacturer will cover the costs of repairs during this period)

• the amount that a car manufacturer advises the dealers to charge for the car (starting point for negotiations)

• additional coverage that you can buy to pay for repairs or replacements needed beyond the original warranty period

• the price of a car that includes feeds and other charges added to the price of the car (often not included in the advertised price)