Car Leasing Guide – Definition of terms used in car lease secrets

Here is a compilation of car terms that we think you will find helpful as you research your next purchase. These are common terms that you might come across while shopping for your next vehicle. Contact us if you feel there is something that should be included in our glossary, and we will definitely consider your suggestion.

GAP insurance
An insurance that will pay the remaining lease in full if a leased car is stolen or is totally wrecked.

gas shocks
Shocks that use compressed gas to prevent oil foam.

GPS (Global Positioning System)
A system of satellites that broadcast signals that compatible and capable receivers can pick up to calculate a triangulated location.

gross capitalized cost
A purchase price on a leased vehicle.

gross combination weight rating (GCWR) (a.k.a gross combined weight rating)
The maximum allowable weight of a vehicle and its trailer if any.

gross trailer weight rating (GTWR)
The maximum weight allowable for a trailer and its cargo.

gross vehicle weight rating (GVWR)
The maximum allowable weight of a car, its driver and passengers and its load.

gymkhana
A usually timed contest to examine maneuvering capabilities of a car and its driver.