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Definitions (31)
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Aftermarket
All products and services used in the repair and maintenance of vehicles.
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auction
A place where car dealers go to purchase their used vehicle inventories. The public does not have access to the major auto auctions.
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Anti-lock brakes
System that automatically controls wheel slip or prevents sustained wheel-locking on braking.
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Crash test
A test performed to determine a vehicle’s safety. Government agencies test each vehicle in a variety of categories and assign a rating based on the results.
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Extended warranty
A policy, which protects the automobile owner or lessee against mechanical failures
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Fleet vehicle
A vehicle that is bought or leased by a company as one of a fleet of vehicles; i.e. a company car.
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grey market
The grey market describes the purchase by intermediaries of product which is not supplied to them by the “authorized” distribution channel of the supplier. While grey market products are frequently t [..]
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INSPECTION
Many states require emissions/safety inspections on a yearly or biennial basis to determine if a vehicle has maintained its roadworthiness.
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LEASE
An alternative to purchasing a vehicle outright, you can lease, or rent, the car with monthly payments.
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lemon
A vehicle with persistent mechanical problems. Definitely a vehicle to avoid. To check if your vehicle is a lemon, enter your VIN here
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