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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

Stated residual value

The stated residual value is usually the same as the end-of-lease purchase price. The higher the stated residual value of the car, the lower your monthly payments. Stated residual values are often higher or lower than the expected residual value for a car, the lessor can raise or lower the monthly payments and the net interest rate for the lease. Stated residual value also determines whether you should buy the vehicle at the end of the lease. If at the end of a lease, the vehicle's market value is less than the stated residual value, the lessee would be prudent not to purchase the car. On the other hand, if the actual market value were greater than the predetermined residual, then the lessee could buy the car, sell it, and pocket the difference.
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Car Insurance Quotes Online Saves Time and Money

With internet services, the car insurance market takes a giant leap into serving you faster and selling premiums in a jiffy. All insurance companies have websites I should guess. Checking insurance companies’ track records and customer reviews will be a lot easier and excluding the bad apples from the good ones easier now.

Comparing car insurance policies is also convenient with the use of the internet as well. Insurance rates can be checked via insurance company websites or hosts that cater insurance rates and quotes comparison for your convenience. And purchase insurance on the same website too. These websites are known to be licensed independent insurance agency; they operate by having accredited insurance companies quotes available for you to compare rates and quotes. They can help you narrow your choices of insurance company to choose from.

Independent agencies that offer these services can be operated by insurance brokers or agents so be careful in using such services because they might just be scheming for you to take their insurance premium instead of purchasing the most appropriate car insurance for you. However using the insurance official websites or insurance brokers’ websites to get your car insurance quotes is not that bad actually, as long as you did your survey and comparison of rates yourself making sure you can save on the insurance packages.

Car insurance quotes can be determined online in just a matter of minutes. You just need to fill in some forms and submit it online and the online representative will get back to you with your quote immediately. Purchasing car insurance premium can be made online and you can be provided with proof of purchase. Doing the transaction online really makes it convenient for you as a customer – need not to travel to the insurance office, or wait for the agent to make an appointment.

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