Chapter 9: Vehicle Transportation

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Across
  1. 2. To use a vehicle by agreeing to pay a set fee (may be a daily fee, and may include a charge per mile). May also have to pay for a Collision Damage Waiver so the rental company does not seek to recover any damage losses from you.
  2. 4. Extra equipment for convenience, safety, or appearance that are NOT included in base price
  3. 5. Price listed on the buyer’s guide sticker on a new vehicle
  4. 6. Decrease in the value of your vehicle from one year to the next because of its age and condition
  5. 7. Expenses that remain the same regardless of number of miles driven. Includes insurance, registration fees, loan interest, and depreciation.
  6. 9. Expenses that increase as the number of miles increases. Includes gas, oil, filters, tires, and repairs.
  7. 13. The amount you pay each year for insurance coverage
  8. 14. Provides financial protection to the policyholder against claims for bodily injury and property damage as the result of an accident
  9. 17. A contract to basically rent a vehicle for a specified period of time (usually 2 to 5 years) during which you make monthly payments. At the end of the contract time, you may either return the vehicle to the leasing company or purchase it.
  10. 18. Gives the average prices for used vehicles
Down
  1. 1. Consists of a percentage of base price PLUS a percentage of options price PLUS the destination charge
  2. 3. Pays for damage to the insured vehicle from losses due to fire, theft, vandalism, and just about any cause other than a collision
  3. 8. Contract allows you to use the vehicle for a specified period of time by making a certain number of payments. When the vehicle is returned, you owe nothing unless it was damaged beyond normal wear and tear or you have driven it over the mileage limit.
  4. 10. Pays for damage to the insured vehicle caused by a collision with another motor vehicle or an object such as a telephone pole
  5. 11. Clause in an insurance policy that requires the insured to pay a certain amount to cover repairs before the insurance company pays
  6. 12. Cost of shipping the vehicle from the factory to the dealer
  7. 15. Also called manufacturer’s suggested retail price (MSRP). Includes price for engine, chassis, and standard equipment for that vehicle model
  8. 16. Contract allows you to use the vehicle for a specified period of time by making a certain number of payments. At the end, you can buy the vehicle for its residual value (which is usually established at the beginning of the lease).