FIN 110- Final Exam Guide - Comprehensive Notes for the exam ( 27 pages long!)
Document Summary
Bills highballing: offering a fake high value for a product traded in lowballing: offer a product for low price on internet and increase -> customer on site bushing: adding un ordered accessories to a product to increase the price. Depreciation the decline in the value of an asset (your car) over time. Incremental auto insurance premiums the cost of adding a vehicle to your existing policy. Then you multiply the gallons per year by the average price per gallon to get the annual fuel cost. Reliability consumer reports often provide reliability reports on vehicles. Don"t" negotiate or go into a salesperson"s office if you are only shopping. Only test drive cars you are serious about buying. Gross capitalized cost the value of the vehicle. this should be negotiated before discussing the lease price. Up-front fee you may be required to pay an acquisition fee which covers the cost of running your credit report.
