Drag each tile to the correct box.

Question

Match the terms relating to buying or leasing a vehicle to their definitions.

warranty
down payment
security deposit
dealer incentive
auto loan payment
covers most repairs on a lease
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pays back principal plus interest
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reduction in vehicle price
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upfront payment upon the start of the
lease in case of damage to the vehicle
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upfront payment upon the start of the
auto loan, as a percentage of the total
purchase price
arrowRight

Answer 1

Here is the correct matching of the terms to their definitions:

1. warranty - covers most repairs on a lease
2. down payment - upfront payment upon the start of the auto loan, as a percentage of the total purchase price
3. security deposit - upfront payment upon the start of the lease in case of damage to the vehicle
4. dealer incentive - reduction in vehicle price
5. auto loan payment - pays back principal plus interest

Please let me know if you need any further assistance!