Question

Module 11 Crossword

Complete the following crossword puzzle by using the image below. Enter your answers in the boxes after each clue. When you are done, select "save and check." Have Fun!

ENTER ALL ANSWERS BEFORE CLICKING SAVE!

1. Across: The estimated value of a leased vehicle at the conclusion of the lease contract term.
2. Across: A guarantee that products or services meet specified requirements as factually stated by the manufacturer or as provided by a distributor.
3. Across: An official and often used online motor vehicle guide. (Two Words)
4. Across: A manufacturer's suggested retail price as displayed on new cars in accordance with the law. (Two Words)
5. Across: A motor vehicle which exhibits serious or significant problems or defects.
6. Across: Cars which are required to pass an inspection and are provided with warranties. (abbrev.)
1. Down: A warranty that is provided in writing, and is covered under the Magnuson-Moss Warranty Act of 1975.
2. Down: Contracts which are essentially additional products that which may come free with a motor vehicle, or which might be available for purchase with either a new or used vehicle, and which will identify the specific items covered as well as the time frame of coverage.
3. Down: “Factory cars” which are fleet leased and which may have been used a great deal (high mileage) but which are still under warranty.
4. Down: Practice of quoting low prices and then increasing prices by the inclusion of add-ons. (Two Words)
5. Down: The basic value or dollar-cost of a leased asset which is amortized over the life of the asset lease contract. (Two Words)

Answer 1

1a) RESIDUAL - The residual value is the value at the end of the lease contract term

2a) WARRANTY

3a) HAND BOOK

4a) STICKER PRICE

5a) LEMON

6a) CPO- Certified pre-owned

1d) EXPRESS - EXPRESS WARRANTY is a written promise made in connection with sale of product by a supplier to a consumer that relates to goods purchased and that the product is defect free and will meet the set requirements for a specified time

2d) BENEFIT

3d)PROGRAM - Program factory cars are fleet leased cars which have been used for a while but are still under warranty

4d) MARGIN COST

5d) FINANCIAL LEASES