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Automotive dictionary (encyklopedia)

Dictionary of terms and abbreviations for cars (automobiles), motorcycles (bikes),
bicycles, boats, engines, machines, machining and car fixing.

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Closed end lease

Most leases offered today are close-end leases, meaning that the residual value is fixed and stated in the lease contract. The lessee's financial obligations are unaffected by what the vehicle is actually worth when the lease ends. In other words, the lessee assumes no risk for the depreciation of the vehicle.
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Auto Insurance Discounts

There are several discount programmes offered by many insurance companies, which we summarized below. Availability of each discount, discount rates and age requirements may vary by insurance company and by state, indeed. Also be aware that certain types vehicles may not qualify, you should always check with your insurance provider.

Anti-Theft Discount

Vehicles equipped with an alarm or anti-theft device may save you money on your Comprehensive Coverage.

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