Vehicle Identification Number, a unique code used by the automobile industry to identify and track each vehicle manufactured
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baam
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seesaw
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gift
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lifesaver
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15
recall
When a safety defect is discovered, the manufacturer is required to remedy the problem at no charge to the owner
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15
registration
Legally recording ownership of a vehicle with a government agency for tax and licensing purposes; the registration certificate is carried in the vehicle
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15
FTC Used Car Rule
The rule that requires all used car dealers to place a "Buyers Guide" in a conspicuous place in each used vehicle they offer for sale
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banana
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magnet
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fairy
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thief
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15
title
Document that shows legal ownership of a vehicle
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15
Monroney sticker
A window sticker, required by law to be placed on every new vehicle, includes information such as MSRP and fuel economy
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15
book value
Estimated market or trade-in worth of a used vehicle as published in a guide by businesses such as Kelley Blue Book, Edmunds or NADA
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15
factory warranty
Promise by the vehicle manufacturer to repair or replace defective components for a specific period of time
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15
invoice price
Approximate price the dealership pays to the manufacturer for the vehicle
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15
lemon laws
These state laws protect buyers when vehicles have serious defects
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15
extended warranty
Service contract that provides for no cost or low cost vehicle repair, after the factory or dealer warranty expires
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15
base price
Cost of a vehicle with standard equipment; no options or upgrades
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15
NHTSA
National Highway Traffic Safety Administration, the federal agency dedicated to achieving the highest standards of excellence in motor vehicle and highway safet