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Extended Warranty
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An optional warranty that will take effect after the manufacturer's warranty expires. Extended warranties do not typically cover everything that a manufacturer's warranty covers, and many include deductibles that must be made for any repairs.
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Electronic Stability Control
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A computerized technology that improves the vehicle's stability by controlling skids and slides through application of the brakes, controlled by the vehicle's computer. It is a driver-assist technology.
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Valve Stem
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The valve located on the outer side of the rim where air is inserted to the tire.
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Placard
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The placard is the small metal plate, typically located inside the driver's door, which displays vehicle and tire information.
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Claim
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A request or demand for payment for a loss covered under the insurance policy.
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Gross Monthly Income
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Total monthly amount the borrower earns, before any expense deductions.
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Dealer Plate
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A special license plate used by dealerships which allows customers to legally test drive vehicles on public streets and highways.
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