Terms with Tag Automotive
- Societe de l'Assurance Automobile du Quebec (SAAQ) — Company, Quebec, Canada, ➥ A corporation under the authority of Quebec's Minister for Transport.
- Standard Automotive Insurance — Definition,
- Auto insurance that covers those with average driving records.
- Sticker Price (RRP, MSRP) — Acronym,
- This shows the base price, the manufacturer's installed options with the manufacturer's suggested retail price (MSRP), the manufacturer's destination charge and the fuel economy (mileage). It is the Monroney label affixed to the car window and is required by federal law. The label may not be removed by anyone other than the purchaser.
- Title Loan — Definition,
- A loan that uses a car as collateral.
- Trade-in Value — Definition,
- The amount that the dealership will credit you for the vehicle you provide as partial or full payment for another vehicle. Amount credited is frequently about 5 percent below the wholesale value of the vehicle.
- Underinsured Motorist Coverage — Definition,
- Auto insurance that covers damages when the other driver in a collision is at fault but does not have sufficient insurance coverage.
- Uninsured Motorist (UM) — Acronym, Important,
- Auto insurance that covers collision damages caused by a driver without auto insurance.
➥ Insurance coverage. - Up-front Costs — Definition,
- The costs that must be paid at the time of signing a car lease agreement. These can include the first month's payment, a refundable security deposit, a capitalized cost reduction or down payment, taxes, registration and other fees.
- Upside-down — Definition,
- A position that consumers find themselves in when the outstanding balance of a loan is higher than the current fair market value of the property purchased with the loan. See also "Depreciation."
- Used Vehicle Information Package (UVIP) — Acronym, Ontario, Canada, ➥ Lists the vehicles previous owners and current registrant in Ontario.
- Volvo Car Financial Services Canada (VCFSC) — Company, Canada,
- Walk-away Lease — Definition,
- The most common type of car lease, also known as a closed-end lease. The lessee may return the car at the end of the lease term, pay any end-of-lease costs, such as the disposition fee, and the lease agreement is over. In a closed-end lease, the lender assumes the risk of predicting the value of the vehicle (its residual value) at the end of the lease's term. Closed-end lease payments are somewhat higher than open-end lease payments.
- Zero Emission Vehicle (ZEV) — Acronym,
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Societe de l'Assurance Auto... -
Sticker Price
Sticker Price
