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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

Purchase option

Most closed-end leases grant the lessee an option to purchase the vehicle at the end of the lease. The end-of-lease purchase price is usually the same as the stated residual value. Check your lease contract before signing to ensure that there is a purchase option. The lessor must disclose the purchase option price prior to your signing the lease contract.
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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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