Car Buying Terms

3. Legally recording ownership of a vehicle with a government agency for tax and licensing purposes.
6. Gas, tires and repairs are these types of costs.
7. A unique code used by the auto industry to identify each vehicle manufactured.
8. A reduction in the value of an asset with the passage of time
11. A vehicle that a person turns in for credit toward the price of their new vehicle purchase.
13. A promise by the vehicle manufacturer to repair the defective parts of a vehicle.
16. These types of costs remain the same each month.
17. The cost of a car that has no upgrades or extra features.
18. These types of costs vary from month to month.

1. The approximate price a dealership pays to the manufacturer for the vehicle.
2. An amount of money that a person pays at the time of purchase to lower their payment.
4. A service contract that provides for no/low cost vehicle repair, after the dealer warranty expires.
5. A document that shows legal ownership of a vehicle.
9. Annual percentage rate
10. Insurance and depreciation are these types of costs.
12. The trade-in value of a used vehicle.
14. A problem or issue with a car that the manufacturer must fix at no cost to the owner.
15. The price that a manufacturer recommends dealerships charge for their vehicles.