Vocabulary
What is a certified used car?
Previously owned vehicle that has received a thorough mechanical and appearance inspection along with necessary repairs and replacements.
What is a synonym for the word depreciation?
Devaluation
What is depreciation?
Decrease in the value of property as a result of use, age, or wear and tear.
What is a synonym for sticker price?
Retail price
What is the lemon law?
Requires a seller or manufacture of a defective vehicle to either replace or repair it or to refund the buyer’s money.
What is a synonym for lemon law?
Warranty Act
What is a sticker price
Price displayed on a vehicle as its selling price.
What is a synonym for a certified used car?
Pre-owned car
What is FTC used care rule?
Requires dealers to fully disclose to buyers what is and is not covered under a used vehicle’s warranty.
What is a synonym for option?
Alternative