What Do Different Vehicle Safety Ratings Mean?

The National Highway Traffic Safety Administration uses two main criteria to evaluate how safe a vehicle is. They evaluate the crashworthiness, which is how well the occupants are protected in a crash. They also evaluate the mitigation, which is how well a vehicle minimizes the damage that is done during an accident. They do this by testing a vehicle in a crash test. The crash tests assesses how well a vehicle does in comparison to vehicles that are similar to it.

The NHTSA gives ratings from one to five. The safest vehicle will have a rating of five stars. 

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Auto Finance Terminologies Explained

A deeper understanding of the auto finance terminologies will help you make informed decision when it comes to buying or leasing a vehicle. Here are some of the terms:

  • Securitization – assets are converted into securities, which are then traded on the financial market as financial instruments.
  • Service Contract – Maintenance and services contracts between a contractor and a customer for a predetermined period of time.
  • Short-term Note – One year from the date of the note’s release, a note with a clear fixed maturity period.
  • Subprime – this is a term used to describe
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