Term Answer Rebate A. Impulse purchase B. Lease C. Description The purchase of a good or service without fully considering your priorities and the availability of any alternatives. The practice involving unethical car dealers who first quote a low sales price to induce a potential customer to make an offer and then attempt to add costly add-ons to the transaction prior to the signing of the contract. An arrangement in which a lessee receives the use of an item, such as a car or a house, in exchange for scheduled payments for a fixed period. A lease transaction, often called a walkaway lease, that allows the lessee, at the end of the lease period, to merely return the vehicle-assuming that he or she has not exceeded the preset mileage limit or abused the vehicle. A rebate, which is a percentage of a vehicle's invoice price, paid by the manufacturer to the dealer, usually at end of the year or quarter, for the sale of a vehicle. This is the total price of the leased vehicle, including its negotiated cost and any applicable fees and taxes. An inducement to purchase that takes the form of a partial refund of a car's purchase Dealer holdback D. Closed-end lease E. Sticker price F. Residual value G. price. Low-balling H. An insurance policy that pays the policyholder the difference between the actual cash value (ACV) that the insurance company pays when a vehicle is declared a total loss and the outstanding loan amount on the purchase of the vehicle. Gross capitalized cost I. The value of a leased asset at the end of the lease period. Gap insurance J. The popular name given to the manufacturer's suggested retail price (MSRP), which by federal regulation is posted on the vehicle's window