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Features - certain characteristics of a car that are considered standard equipment and included in the base price of the vehicle.
•MSRP - manufacturer’s suggested retail price. This is the suggested price that is applied to vehicles from the manufacturer.
•Options - extra “add-ons” that are not included in the base price of the vehicle and will increase the cost of the vehicle.
•Reliability - whether or not the vehicle is likely to need repairs.
•Safety - largely determined by the size of a vehicle, in addition to features such as air bags and anti-lock brakes.
•Service Contract - an extended warranty is usually offered by the vehicle manufacturer or dealership.
•Warranties - guarantees given by a seller that the product is in good working order and specifies what types of service the seller will provide, for a period of time.
•A vehicle’s make is the manufacturer, for example Ford, Chevy, Nissan, Honda, etc. The vehicle’s model is the specific type and trims level, for example Blazer LS, Mustang, Maxima SE, etc.
•There are numerous sizes, classes or body styles of vehicles including: compact, midsize, full-size, economy, luxury, coupe, convertible, sedan, hatchback, wagon, sport utility, vans, crossovers, sports cars, and pick-up trucks.
•Each vehicle has certain features (characteristics that benefit the owner) that come with it as standard equipment. Also dealers offer options, that you can choose to include or not include on a vehicle. Options increase the price of the car.
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