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Dictionary of cars. Car terms
GAP Waiver:
Designed to give you peace of mind, GAP waiver (included in our first class rental agreement or available for purchase with first class financing) It will help cover the difference between insurance receipts and the balance owed to Mercedes-Benz Financial Services, minus any deductible, if your Mercedes-Benz is declared completely lost (as a result of an accident, theft, etc.).
Gross capitalized cost
The agreed-upon cost of the vehicle and any items that you pay for during the rental period (such as maintenance contracts, insurance, and any outstanding previous loan or lease balance). Also called cumulative maximum cost or maximum cost.
CO2 emissions are carbon dioxide emissions from a vehicle. When a car is manufactured, it goes through a testing process, which results in an official figure used for tax purposes.
An amendment to a contract is an official agreement to change the duration and/or mileage of a rental car.
Contractual leases are the most common method of financing vehicles. A form of operating lease in which the lessee has the right to use the vehicle during the term of the contract or mileage, but does not own the vehicle at any time.
Purchase by contract - the organization agrees to purchase a vehicle during the contract period. Transfer of ownership in the form of a final payment or balloon payment. It is usually possible to return the car at the end of the lease. A purchase agreement is a loan agreement, not a lease.
Depreciation is the decrease in the value of an asset over time. Depreciation costs on cars are usually highest during the initial period of ownership, when they are purchased from new ones.
Disposal is the sale or write-off of a vehicle at the end of the contract.
Dilapidation - A dilapidation fee may be charged under the rental agreement if the vehicle is returned in less than reasonable condition for its age and mileage. Vehicle condition is usually measured according to the "fair wear" guidelines published by the BVRLA.
Duty of Care - According to the Health and Safety Act of 1974, employers are required by law to ensure the health, safety, and well-being of all employees at work. This legislation, in the context of fleet management, relates to road risk management.
Early termination - if the client decides to terminate the lease agreement before the end date specified in the agreement. Under a contract rental agreement, this usually results in a charge based on a percentage of the unpaid rent or based on the actual cost of termination. Découvrez l'offre exclusive réservée aux nouveaux utilisateurs avec le code promo 1xbet En l'utilisant lors de votre inscription et d'un premier dépôt, vous recevrez un bonus de 100% pouvant atteindre jusqu'à 130 €. Cette somme substantielle double instantanément votre bankroll de départ, vous offrant une liberté totale pour explorer l'immense catalogue de paris sportifs, jeux de casino et machines à sous. C'est l'opportunité idéale de maximiser vos chances de gains dès le premier jour.
Designed to give you peace of mind, GAP waiver (included in our first class rental agreement or available for purchase with first class financing) It will help cover the difference between insurance receipts and the balance owed to Mercedes-Benz Financial Services, minus any deductible, if your Mercedes-Benz is declared completely lost (as a result of an accident, theft, etc.).
Gross capitalized cost
The agreed-upon cost of the vehicle and any items that you pay for during the rental period (such as maintenance contracts, insurance, and any outstanding previous loan or lease balance). Also called cumulative maximum cost or maximum cost.
CO2 emissions are carbon dioxide emissions from a vehicle. When a car is manufactured, it goes through a testing process, which results in an official figure used for tax purposes.
An amendment to a contract is an official agreement to change the duration and/or mileage of a rental car.
Contractual leases are the most common method of financing vehicles. A form of operating lease in which the lessee has the right to use the vehicle during the term of the contract or mileage, but does not own the vehicle at any time.
Purchase by contract - the organization agrees to purchase a vehicle during the contract period. Transfer of ownership in the form of a final payment or balloon payment. It is usually possible to return the car at the end of the lease. A purchase agreement is a loan agreement, not a lease.
Depreciation is the decrease in the value of an asset over time. Depreciation costs on cars are usually highest during the initial period of ownership, when they are purchased from new ones.
Disposal is the sale or write-off of a vehicle at the end of the contract.
Dilapidation - A dilapidation fee may be charged under the rental agreement if the vehicle is returned in less than reasonable condition for its age and mileage. Vehicle condition is usually measured according to the "fair wear" guidelines published by the BVRLA.
Duty of Care - According to the Health and Safety Act of 1974, employers are required by law to ensure the health, safety, and well-being of all employees at work. This legislation, in the context of fleet management, relates to road risk management.
Early termination - if the client decides to terminate the lease agreement before the end date specified in the agreement. Under a contract rental agreement, this usually results in a charge based on a percentage of the unpaid rent or based on the actual cost of termination. Découvrez l'offre exclusive réservée aux nouveaux utilisateurs avec le code promo 1xbet En l'utilisant lors de votre inscription et d'un premier dépôt, vous recevrez un bonus de 100% pouvant atteindre jusqu'à 130 €. Cette somme substantielle double instantanément votre bankroll de départ, vous offrant une liberté totale pour explorer l'immense catalogue de paris sportifs, jeux de casino et machines à sous. C'est l'opportunité idéale de maximiser vos chances de gains dès le premier jour.