Deficiency balance
Deficiency balance If your vehicle is repossessed and sold, you may be responsible for paying the difference between the amount left on your loan (plus […]
830 total views, 2 today
Debt cancellation or suspension products
What are debt cancellation or debt suspension products offered with an auto loan? Some auto dealers as well as banks and credit unions offer “debt […]
941 total views, 0 today
Credit insurance
Credit insurance Credit insurance is optional insurance that may make your auto payments to your lender in certain situations, such as if you die or […]
908 total views, 1 today
Base price
What does the base price of a vehicle mean? The base price is the price of the vehicle without options. The manufacturer’s base price excludes […]
862 total views, 1 today
Annual Percentage Rate (APR)
Annual Percentage Rate (APR) The Annual Percentage Rate (APR) is the cost you pay each year to borrow money, including fees, expressed as a percentage. […]
922 total views, 2 today
Amortization
What is amortization and how could it affect my auto loan? Amortization describes the process of gradually paying off your auto loan. In an amortizing […]
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Actual Cash Value (ACV)
What is an Actual Cash Value (ACV)? An Actual Cash Value (ACV) is the value of the car according to widely recognized independent sources such […]
808 total views, 2 today