Automobile Ownership

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Across
  1. 1. the amount of money an owner must pay out-of-pocket for damages or repairs before their insurance coverage begins
  2. 2. _______ coverage; protection that covers a driver's medical bills and repairs if they are in an accident with a driver who has no insurance or insufficient coverage
  3. 5. a contract that allows a person to use a vehicle for a set period in exchange for regular payments, without purchasing it
  4. 6. also known as the sticker price, which is the amount the carmaker suggests the dealer sell the vehicle for
  5. 8. the interest rate charged on a loan, expressed as a yearly percentage of the loan principal
  6. 9. _______ insurance; covers damages or injuries a driver causes to other people or their property in an accident
  7. 10. the amount of money paid to an insurance company for an insurance policy
  8. 11. a partial refund offered by a manufacturer or dealer as an incentive to buy a vehicle
  9. 13. an automotive technician who has passed testing by the National Institute for Automotive Service Excellence, indicating a certain level of knowledge and experience
  10. 15. the original amount of money borrowed to finance a vehicle, before interest is applied
  11. 16. an optional service contract that covers specific repairs for a set period after the standard factory warranty expires
  12. 17. a unique 17-digit code used to identify a specific vehicle
  13. 18. _______ coverage; insurance that pays for repairs or replacement of a vehicle damaged in an accident with another vehicle
Down
  1. 1. the upfront cash portion of a vehicle's purchase price that a buyer pays before taking out a loan for the remainder
  2. 3. a current vehicle that a buyer offers to a dealership to lower the cost of a new or used vehicle
  3. 4. the decrease in the value of a vehicle over time due to age and wear and tear
  4. 7. _______ coverage; insurance that covers damage to a car from events other than a collision, such as theft, vandalism, or natural disasters
  5. 11. a manufacturer-initiated request for owners to bring their vehicles in for repair due to a newly discovered defect or safety issue
  6. 12. routine service procedures, such as oil changes and tire rotations, to keep a vehicle in good condition
  7. 14. a legal document that proves a person or business is the owner of a vehicle