Car finance
Learn more about these common car finance terms:
- Agreement
- Agreement term
- Amount of credit
- Annual mileage
- APR - annual percentage rate
- Arrears
- Balloon payment
- Battery lease
- Broker
- CAIS - credit amount information sharing
- Capital
- Car leasing
- Car loan
- Cooling-off period
- Credit score
- Deposit
- Excess mileage charge
- GFV - guaranteed future value
- HP - hire purchase
- Negative equity
- Option to purchase fee
- Optional final payment
- PCH - personal contract hire
- PCP - personal contract purchase