Question: These are not necessarily complete definitions, but there is only one possible answer foreach term. Term Answer Description Rebate A. A partial refund of a

 These are not necessarily complete definitions, but there is only one

These are not necessarily complete definitions, but there is only one possible answer foreach term. Term Answer Description Rebate A. A partial refund of a car's purchase price that dealers give as an inducement to purchase Impulse purchase B. The value of a leased asset at the end of the lease period Lease C. 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 Dealer holdback L D. The purchase of a good or service without fully considering your priorities and the availability of any alternatives Closed-end lease E. The price of a leased asset as specified in the lease agreement, which includes the negotiated cost of the vehicle and any applicable fees and taxes Sticker price F. 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 Residual value G. A contract and business transaction in which the user of an item, such as a car or house, receives the right to use it in exchange for scheduled payments for a fixed period Low-balling H. The popular name given to the manufacturer's suggested retail price (MSRP), which by federal regulation is posted on the vehicle's window I An insurance policy that pays the policyholder the difference between cost 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 Gap insurance A type of lease arrangement that is often called a walkaway lease because it allows the lessee to merely return the vehicle-provided that the lessee has not exceeded the preset mileage limit and has not abused the vehicle

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