Car Finance Glossary

A
Annual Mileage
 Annual Percentage Rates (APR)
B
Bad Credit
 Balloon Payment
C
Car Warranty
 CCJ (County Court Judgement)
 Credit Agreement
 Credit File
 Credit Rating
D
Deposit
 Depreciation
E
Earned Income
 Electric Vehicles (EVs)
 Equity
F
Financial Ombudsman Service
 Fixed Interest Rate
 Flat Rate
 Forecourt Finance
 Fronting
G
GAP Insurance
 Guaranteed Car Finance
 Guaranteed Future Value
H
HPI Check
I
Interest Rate
J
Joint Application
K
Key Facts Document
L
Legal Ownership
M
Monthly Rentals
N
Negative Equity
 Net Income
O
P
Part Exchange
Q
R
Repossession
 Residual Value
 RTI Gap Insurance
S
SECCI
 Secured Loans
T
Term Length
U
Underwriting
 Unsecured Loans
V
Variable Interest
 VIN
W
X
Y
Z
Zero Percent Car Finance