Formulas
Vocab
Discrimination
Potpourri
Simple Math
100
% of base price + % of options + destination Charge
What is dealers cost formula?
100
Manufacturers suggested retail price
What is base price
100
people before age 25 and after 70, insurance is most exspensive
what is age?
100
base price, options, destination charge
What is sticker price
100
4
What is 2+2
200
purchase price - today's value / number of years owned
What is the depreciation formula
200
price you expect to pay a dealer for the year, make and model
What is average retail?
200
people who are married
What is marital status?
200
sunroof, tinted windows, air conditioning
What is extra equipment?
200
3
What is 9/3
300
annual variable costs + annual fixed cost / number of miles
What is the cost per mile formula?
300
financial protection to the policy holder against claims for bodily injury and property damage
What is liability insurance?
300
number of miles each week
What is driving long distances?
300
the charge of shipping the vehicle to the dealer
What is destination charge?
300
20
What is 5*4
400
(number of payment * amount of payment) + deposit + title fee + license fee
What is the total lease cost formula?
400
base of number of miles driven
What is variable cost?
400
gender that pays less?
What does being a female have to do with insurance?
400
at the end of lease, you can buy the car for its residual value
What is an open end lease?
400
10-6
What is 4
500
total cost / number of miles
What is the cost per mile for renting a car?
500
amount you pay every year
What is annual premium?
500
people who live in a ___ area, pay less
What is rural?
500
insurance, registration, license plates
What is fixed costs
500
3+9+4
What is 16
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