Across
- 1. Injury Liability insurance that is typically a mandatory car insurance component that covers medical expenses, lost wages, and legal fees for other parties if you are at fault in an accident
- 3. Insurance A legal contract between a vehicle owner and an insurance company, where the owner pays a premium in exchange for financial protection against losses from auto accidents, theft, or damage
- 6. Car Payment Monthly auto loan payments that consume 10% or less of your take-home pay, or as part of a broader budget where total transportation costs do not exceed 20% of the monthly income
- 7. Depreciation The case when a car loses the same amount of value each year, the scatter plot that models this depreciation appears linear
- 9. Damage The mandatory component of auto insurance that pays for repairs or replacement of another party's property if you are at fault in an accident
- 10. Car Depreciation The decrease in a vehicle's market value over time, defined as the difference between the original purchase price and its current resale value
Down
- 2. Insurance Type of car insurance that protects you if your driving causes injury to others or to other people's property
- 3. Payment A fixed monthly amount you pay to a lender to repay a car loan, covering the borrowed principal, interest,taxes, and fees, with factors like loan amount, interest rate, and term determining its size
- 4. a Car The short-term hire of an automobile from a company for a fee based on daily or weekly rates
- 5. A specific amount of money and injured person must pay out-of-pocket for covered services or losses before their insurance plan begins to pay
- 8. a Car A long-term rental agreement where you make monthly payments to drive a vehicle without owning it