Chapter 14: Buying and Owning a Vehicle (Section 14.1) Flashcards
vehicle identification number (VIN)
An alphanumeric number that identifies each vehicle manufactured or sold in the United States.
compression test
A test that detects engine trouble in a car.
vehicle emission test
A test to verify that a vehicle meets the minimum clean-air standards.
sticker price
The price shown on the tag in the car’s window.
invoice price
The price the dealer paid for a car.
car-buying service
A service that allows you to choose the vehicle features you want and have a professional car buyer handle the price negotiation for you.
dealer add-ons
High-priced, high-profit dealer services that add little or no value to an automobile.
lemon
A car with substantial defects that the manufacturer has been unable to fix after repeated attempts.
lemon laws
Laws that protect consumers from the consequences of buying a defective car.
Used Car Rule
A law enforced by the Federal Trade Commission that requires that dealers fully disclose to buyers what is and not covered under warranty for the used vehicle.
