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.

rack-and-pinion steering
Steering that relies on a small pinion gear that works with a toothed rack

ram air
A forward-facing opening on an engine hood that forces air into the induction system of a car

rear-engine vehicle
A car with its engine located behind the rear axle

Regulation M
The Federal Reserve Board's Consumer Leasing Act requiring disclosure of leasing costs

rent charge
Lease fee or charge

residual value
The car's wholesale value at the end of the lease; projected at the beginning of a lease by the seller

roll bar
A metal tube behind the cabin to protect passengers in the even of a rollover.

run-flat tires
Tires that can still be used in short distances even when flat.