A contract granting the use of a car for a specified period of time
in return for a set fee. Leases may be classified as open ended
or closed ended.
vehicle weighing less than 14,000 lbs.
passenger cars and light trucks.
Limited Slip Differential
A differential in a rear-drive vehicle fitted with a mechanism that
limits the speed and torque differences between its two outputs.
Limited slip ensures that some torque is always distributed to both
wheels, even when one is on a very slipper surface.
Lock Up Torque Converter
A torque converter that contains a special clutch that forms a solid
connection between the engine output shaft and the transmission
input shaft when a certain, pre-set speed is attained. This reduces
transmission friction losses and increases efficiency.