Definition of Residential vehicles

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TeachMeFinance.com - explain Residential vehicles



Residential vehicles -- Motorized vehicles used by U.S. households for personal transportation. Excluded are motorcycles, mopeds, large trucks, and buses. Included are automobiles, station wagons, passenger vans, cargo vans, motor homes, pickup trucks, and jeeps or similar vehicles. In order to be included (in the EIA survey), vehicles must be (1) owned by members of the household, or (2) company cars not owned by household members but regularly available to household members for their personal use and ordinarily kept at home, or (3) rented or leased for 1 month or more.




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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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