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6-Cylinder Engine
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An engine that contains six internal combustion cylinders, sometimes all in a row, also referred to as inline-6, but more commonly in a V-shape with three cylinders per side.
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Financed Car
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A car that is financed by a third-party.
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All-Season
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This describes a particular type of tire that possesses a tread pattern, durability, and traction suitable for use in any season.
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Rim Size
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The overall dimensions of a vehicle's rim in diameter and width, lip to lip. Rim is a synonym for wheel.
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Bankruptcy
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Federal court proceeding in which a debtor, someone who owes more than his/her assets can relieve the debt by transferring his/her assets to a trustee.
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Vehicle Identification Number (VIN)
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The serial number of a vehicle, assigned by the vehicle manufacturer, identifying the year, make, model, options and other information specific to that vehicle.
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Bolt Pattern
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The bolt pattern refers to the distance from center point to center point of each wheel lug. Bolt patterns commonly consist of anywhere from 4 to 12 lugs in automotive applications, and vary in range of overall diameter. The measurement of a bolt pattern is typically written with the number of lugs followed by the measurement in millimeters. For example, a five-lug tire with 120mm between lug center points would be written as 5/120.
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Valve Stem Core
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The center piece of a valve stem that opens and closes with the depression of a small internal metal nipple. Most valve stem cores are removable.
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Liability
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Refers to any obligation or responsibility, legally enforceable, for damage or injury suffered by another person.
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Forms
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Documents of and relating to insurance, including applications, declarations, contracts, accident reports, credit history, and others.
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Insurance
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Refers to an act, system or business of insuring property, life, or one's person against loss or harm arising from specified future contingencies, such as accidents, fire, theft, and vandalism. In return for the insurance, the insured pays a periodic premium.
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Conditions
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The portion of the insurance contract that outlines responsibilities and duties of the insurance company and the insured.
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Delinquent
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Refers to the failure of the responsible party to make a loan payment on time.
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Tread width
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The amount of space, measured in millimeters, of the tread pattern measured from sidewall to sidewall. This is always the first number in the tire size.
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Fixed-Interest Lease
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This refers to a lease that is financed using an interest rate that does not change. Fixed-Interest deals are typically reserved for consumers with good credit ratings, but can be extended to high-risk consumers during incentive swings. The largest fixed-rate events happen during the 0% incentive blowouts.
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Dealer Prep Fee
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A negotiable fee that is sometimes passed on to customers, which covers the dealership's cost of preparing the vehicle for sale. This can include removing plastic coverings, installing license plate brackets, setting the vehicle's computer, cleaning the vehicle, and adding fluids.
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Tread Void
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A space that allows the tread blocks of a tire to flex as it enters and exits the footprint.
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TPMS
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The abbreviation for Tire Pressure Monitoring System, this is an electronic system that utilizes sensors within the tires to constantly monitor tire pressure and alert the driver of improper inflation.
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Loss of Use
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This is compensation paid to a third-party claimant for the financial consequences arising from his/her inability to use property because of accident-related damage to it.
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Used Car Report
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A report from a third-party organization that describes any problems, recalls, or accidents the vehicle may have experienced under previous ownership. CarFax, Consumer Reports, and Edmunds are all common third-party used car report specialists.
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