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
Share it: Cite
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 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 ...