Car finance glossary | A

Adverse Credit

Adverse Credit is the term used to describe anything recorded on a credit file that can negatively affect a person's credit score. The more adverse credit a person has, the lower their credit score.
Adverse Credit Explained >

Annual Mileage

Annual Mileage is a car leasing term which refers to the set amount of mileage a car can travel each year. Some finance agreements set a limit on the amount of miles you can drive each year in order to preserve the car's value at the end of the finance agreement.
Annual Mileage Explained >

APR

Annual Percentage Rate is commonly abbreviated to APR. The term refers to the percentage rate of interest that your finance agreement will accrue over the course of a year on the money you have borrowed.
APR Explained >

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