KEY TERMS DEFINITIONS TO GET US STARTED
the manufacturer makes the cars and the dealership is authorized to sell the cars that are made invoice price is the amount the manufacturer charges the dealer for the car while the MSRP (manufacturer’s suggested retail price) is the price the manufacturer recommends the dealer sell it for Each page in the Student Workbook is also in the Teacher Workbook an agreement by the manufacturer to repair or replace defective parts
a financing agreement where people pay to drive the car for a set period of time
an initial up-front partial payment for the purchase of expensive items
loss of a car's value over time
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