Automobile

Automobile

Of or relating to any vehicle, usually designed to carry passengers, that operates on ordinary roads and typically has four wheels and a gasoline or diesel internal-combustion engine.

Industry: Automotive

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Automobile

Gross capitalised cost

Automotive; Automobile

The agreed-upon value of the lease vehicle (including dealer mark-up). Plus any items you pay for over the lease term such as taxes, service contracts, insurance and any prior credit or lease ...

A type of fuel induction system that uses a pump and injectors to pump fuel under pressure into the incoming air stream, as opposed to a carburetor. In modern engines, electronic fuel injection (EFI) ...

Purchase

Automotive; Automobile

To purchase a vehicle is to outright buy it with a cash payment (possibly financed) and assume total ownership of it once all payments are made.

Fuel pump

Automotive; Automobile

A device that draws fuel from the fuel tank and delivers it to the fuel injectors.

Purchase option

Automotive; Automobile

An option in a lease which allows the lessee to purchase the vehicle at the end of the lease term for a specified price.

Balance shafts

Automotive; Automobile

Balance shafts are small, weighted shafts - similar to a camshaft - inside the engine block. Two balance shafts rotate in opposite directions from each other at twice the crankshaft speed to help ...