WorksheetsCar Buying Terms and Definitions
Total questions: 20
Worksheet time: 10mins
Sticker price / list price → “The sticker price of the car was £40,000 before any negotiations.”
The official retail price of the car.
The price after negotiations.
The price of the car including taxes.
The price offered by the dealer.
Nowhere near as (expensive/good) as… → “The offer was nowhere near as expensive as he expected.”
Much less expensive or better than expected.
Significantly more expensive than anticipated.
Exactly as expensive as he thought.
Somewhat better than he hoped.
To get your money’s worth → “He felt he got his money’s worth with the extras included.”
Good value for what you spent.
A feeling of regret about spending money.
An indication of poor service received.
A measure of how much you can save.
All things considered → “All things considered, it was worth the money.”
Taking everything into account.
Ignoring all factors.
Considering only the positives.
Focusing on the negatives.
Fork out / cough up → “He had to fork out quite a lot for the new model.”
Spend a large sum, often reluctantly.
Save a large sum for future use.
Borrow money from a friend.
Invest in a new business venture.
Part-exchange → “He did a part-exchange and traded in his old car for the new model.”
When you trade in your old car as part of the payment for a new one.
A method of financing a new car purchase without any trade-in.
A type of insurance for new car buyers.
A process of selling your old car to a dealership for cash.
Finance deal → “He opted for a finance deal to pay the car in monthly instalments.”
An arrangement where you pay in instalments, often with interest.
A one-time payment for a product or service.
A type of loan that requires no interest.
A method of saving money for future purchases.
Pay up → “The dealer made him pay up before releasing the car.”
Reluctantly hand over money.
Refuse to pay any money.
Pay with a credit card.
Negotiate a lower price.
A rip-off → “That price is a complete rip-off.”
A fair price for a product.
Something far too expensive for what it is.
A discount on a product.
A price that is just right.
Balance / outstanding balance → “After the part-exchange, he still had an outstanding balance of £5,000.”
The total amount paid so far.
The remaining amount to be paid.
The initial amount borrowed.
The amount of interest accrued.
Shop around → “He shopped around before deciding on the dealership.”
Compare prices at different dealerships.
Choose the most expensive option.
Select the first dealership visited.
Ignore price differences between dealerships.
A grand → “They knocked a grand off the price.”
£500
£1,000
£1,500
£2,000
By far → “By far the best deal he could get.”
To a small extent; not the best or most.
To a great extent; clearly the best or most.
Somewhat; better than average.
Occasionally; one of the better options.
Knock (something) off → “They knocked £1,000 off the asking price.”
Increase the price.
Reduce the price.
Maintain the price.
Eliminate the price.
On the road costs → “He had to factor in the on-the-road costs like registration and tax.”
Fees that make the car road-legal (registration, tax, MOT)
Costs associated with car insurance
Expenses related to fuel and maintenance
Charges for car repairs and servicing
Cashback incentive → “The dealership offered a cashback incentive to cover his MOT fees.”
A type of loan offered by dealerships.
A discount applied at the time of purchase.
When the dealer refunds a sum of money after purchase.
A fee charged for processing a sale.
Substantially / considerably more expensive → “This model is substantially more expensive than last year’s.”
For small differences in price or value.
For moderate differences in price or value.
For large differences in price or value.
For negligible differences in price or value.
Haggling / bargaining → “We managed to haggle a bit and got a grand off.”
Negotiating to get a better price.
Making a purchase without any discussion.
Accepting the first price offered.
Refusing to buy anything at all.
Deposit → “He paid a deposit to secure the car while the paperwork was prepared.”
A fee paid after the deal is finalized.
Upfront money you pay to secure the deal.
A payment made for services rendered.
A refundable amount paid for future purchases.
Come to / work out at → “The whole deal came to just under £40,000.”
Total cost.
Final price.
Estimated value.
Overall expense.
