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Auto financing - definition and meaning - Market Business News
Auto financing - definition and meaning - Market Business News
Auto Loans & Auto Financing Glossary | DMV.ORG
Auto Loans Auto Financing Glossary DMV ORG
Personal Finance & Loans | Positive Lending Solutions
Personal Finance Loans Positive Lending Solutions
10 Auto Loan Glossary Terms You Should Know | Web2Carz
10 Auto Loan Glossary Terms You Should Know Web2Carz
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auto loan jargon terms and definitions in vehicle financing : Most of these terms will be used on traditional and second chance car financing contracts and are used to cover events such as non-repayment of an auto loan. Default (Default Account) This is a failure to repay the auto loan as listed in your contract.We know some terms can be confusing, so we’ve put together a useful car loan glossary to better help you understand the industry language. A-C D-F G-L M-P Q-S T-Z Auto Equity Loan Often referred to as a title loan, this type of loan uses the equity you have in your vehicle in exchange for your title.Loan Term. Your loan term represents the length of your loan. As mentioned above, the average loan term for a new car was 68 months or more than 5 ½ years in early 2016. While a longer loan term can help you secure a lower monthly payment, you’ll end up paying more interest over time.Auto Loan Finance Glossary Definitions for Common Automotive Finance Terminology. When buying a car, have you ever wondered what a particular term or phrase means? Our automotive finance glossary has definitions for all of the common terminology.What does APR mean? Find definitions for common auto loan terms such as VIN number, MSRP, gap insurance and more with this glossary from Wells Fargo.Alphabetical Glossary of Automotive Terms. Switch to Categorized Listing. ... The amount that, at any specified time during the term of a vehicle lease or loan, is required to be paid in order to ...Common Car Loan Terms Lender. In many cases the lender will be the bank from which you borrow money. In some instances, the dealer will offer financing. Ultimately, the lender is the institution who loans you the money, and to whom you are indebted. Principal. The amount loaned.M-R Terms Monthly Payment. Your monthly payment is the money you give to your auto loan lender each month. Typically, this payment is a set amount and must be received by a specific date each month. The monthly payment covers portions of both the auto loan principal and the interest.Financing Glossary, Cars, Edmunds.com. Down Payment: When someone buys a car, and finances it through the dealership, they are usually required to make a down payment of cash.Loan terminology glossary . The terms and definitions that follow are meant to give simple, informal meaning for words and phrases you may see on our Web site that may not be familiar to you. The specific meaning of a term or phrase will depend on where and how it is used, because the relevant documents, including signed agreements, customer ...
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