Chapter 14: Buying and Owning a Vehicle (Section 14.2) Flashcards
hybrid
A type of vehicle that uses alternate energy sources, such as natural gas or battery power, in addition to gasoline.
depreciation
A decline in the value of property due to normal wear and tear.
classic cars
Rare cars and older vehicles that are kept in excellent condition that may experience appreciation if valued as collectors’ items.
appreciation
An increase in value.
car title
A legal document that establishes ownership of the vehicle.
car registration
A license tag fee that must be renewed annually.
oxidize
A chemical reaction with the air that causes paint to permanently lose its color and shine.
polishing compound
A substance that can smooth out surface scratches, scuffs, and stains.
car detail
A service provided by specialists who clean and polish the exterior, along with cleaning and treating the interior of a car.
paintless dent removal
A service in which a suction device is attached to your car to remove small dents.