Vocab

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Across
  1. 4. Amount that may be required by the lease contract, reduces lease price
  2. 8. Manufacturer's Suggested Retail Price, or the sticker price
  3. 9. Amount you get when you trade in an old car for a new car
  4. 11. Market value, or the amount you get when the car is sold
  5. 14. Tax computed on the purchase price, 5% in Iowa
  6. 17. Injury to others, type of insurance
  7. 19. Discounts given by a car dealer
  8. 22. Average annual depreciation divided by original cost
  9. 23. Protects you if in an accident with someone without insurance
  10. 24. License and title transfer fees, or the paperwork
  11. 25. Debts of a business
Down
  1. 1. The price negotiated by the dealer and the buyer
  2. 2. Fee for processing paperwork on a lease
  3. 3. Amount you either borrow or the amount you pay in full
  4. 5. Any items that are exempt from sales tax
  5. 6. Damage to other people's property, type of insurance
  6. 7. Everything is covered by warranty, other than routine maintenance
  7. 10. Damage caused by nature, type of insurance
  8. 12. Covers your own vehicle, type of insurance
  9. 13. The price on which the monthly lease payments are usually figured
  10. 15. Out-the-door-price, sales tax+registration fees+nontaxable items-rebates
  11. 16. Amount of money you give the lessor to cover damage done during the lease
  12. 18. Payment made by the customer
  13. 20. If something breaks, it's covered
  14. 21. Value of vehicle left after lease is over