Chapter 16 - Buying and Owning a Vehicle Flashcards Preview

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Flashcards in Chapter 16 - Buying and Owning a Vehicle Deck (21)
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1

purchase price

the price a person a willing to pay for a car

2

depreciation

the vehicle's value; it drops steadily over time

3

this law requires you to prove that you can pay for damage you cause while driving

financial responsibility law

4

a specified amount of money for coverage over a specified period of time, to a insurance company

premium

5

protects the driver who caused the collision

liability insurance

6

covers the driver who it at fault against claims

bodily-injury insurance

7

protects the driver who is at fault against claims for damages to another person's property

property-damage insurance

8

this insurance pays medical and funeral expenses for bodily injuries sustained by occupants in an insured vehicle

medical payment insurance

9

blue book

lists the average price paid to dealers for various used vehicles

10

insurance that covers damage to your vehicle from non-collision events (fire, theft, flood, wind, storms, etc.)

comprehensive insurance

11

the set amount of money an insured must pay for damages that is not paid by insurance company

deductible

12

insurance coverage that covers the cost of having your vehicle towed if it becomes disabled

towing coverage

13

written guarantee that the seller will make repairs for a time period

warranty

14

written agreement between you and your insurance company

policy

15

type of insurance that is not concerned with who is to blame

no-fault insurance

16

younger, male, unmarried, type of car, and miles driven

can mean higher insurance premiums

17

most insurance companies reward low-risk drivers with

reduced premiums

18

improvements in engineering of vehicles have resulted in smaller amounts of

exhaust emissions

19

one of several gases in exhaust

carbon dioxide

20

most air conditioners contain

CFC's

21

take these items to a hazardous waste collection center

vehicle batteries, oil filters, and fluids (oil, gas, transmission fluid, brake fluid, antifreeze)