Incentive
Incentive means any kind of financial assistance from a vehicle manufacturer that, by reducing either the net price or the cost of financing/leasing, motivates customers to buy/lease a new vehicle. The most common incentives are customer cash rebates, low-interest financing and leases that are subsidized by the manufacturer.
Webster Dictionary Meaning
1. Incentive
- Inciting; encouraging or moving; rousing to action;
stimulative.- Serving to kindle or set on fire.
2. Incentive
- That which moves or influences the mind, or operates on
the passions; that which incites, or has a tendency to incite, to
determination or action; that which prompts to good or ill; motive;
spur; as, the love of money, and the desire of promotion, are two
powerful incentives to action. Category: Automotive Engineering
Previous: ← In-car cellular phone
Next: Incentives and rebates →
More from this Section
- Flex Additive
Flex Additive is a chemical added to automotive refinish paint that makes the paint flexible ... - Hesitation
Hesitation is momentary loss of power on acceleration. ... - Direct injection system
Direct injection system is a fuel injection system in which the injection nozzles are ... - Radiator hoses
Radiator hoses are the tubes between the radiator and the engine. ... - Precrash system
Precrash system is a system of devices that employs radar or laser technology to sense ...