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Vocabulary
Vocabulary #2
Financing a Car
Used Car
Cost of Parts
100
A delivery fee charged to the buyer of a car.
What is transportation and handling?
100
The amount paid for insurance.
What is premium?
100
Down Payment: $100 Monthly Payment: $85 Months to Pay: 48AA
What is $4,180?
100
A car costs $4700 and you have a trade-in value $1700.
What is $3000?
100
A car battery costs $77.15 and has a 5% sales tax.
What is $81.00?
200
The first amount listed on a car's price.
What is Base Price?
200
Bound by law to make good for damages done.
What is Liable?
200
Down Payment: $200 Monthly Payment: $175 Months: 48
What is $8,600?
200
A Ford F150 costs $21,000 and you have a trade-in value of $1600.
What is $15,000?
200
A mechanic worked for 3.5 hours on a car, and has a wage of $37.60 per hour.
What is $131.60?
300
Extra items added to a car.
What is Options?
300
A policy that pays for damages in an accident.
What is Liability Insurance?
300
Down Payment: $500 Monthly Payment: $210 Months: 48
What is $10,580?
300
A Toyota Celica costs $18,250 and you have a trade-in of $3200.
What is $15,050?
300
A radiator costs $175.00 and 3 gallons of anti-freeze @ 8.99 per gallon. Both with a sales tax of 6%
What is $214.09?
400
To decrease in value.
What is depreciate?
400
Describing items that have been reconstructed or extensively repaired.
What is Rebuilt?
400
Down Payment: $750 Monthly Payment: $275 Months: 60
What is $17, 250?
400
A Mercedes cost $31,200 and you have a trade-in value of $7450.
What is $23, 750?
400
A filter cost $10.50. Labor took 0.5 hours at a rate of $45.00 per hour. Sales tax is 5%.
What is $33.52?
500
The total amount paid, including interest in monthly payments.
What is Deferred Price?
500
The customer is charged for parts needed to make a repair; labor refers to the mechanics time.
What is parts and labor?
500
Down Payment: $1800 Monthly Payment: $325 Months: 60
What is $21,300?
500
A Lamborghini costs $212, 000 and you have a trade-in value of $57, 821.
What is $154, 179?
500
A muffler cost $45.00, Tail pipe $23.00, and clamps for $4.00. The sales tax was 6%. The mechanic worked for 2 hours, and earns $51.20 per hour.
What is $178.72?