Car finance glossary | E

Earned Income

Earned income is the term used to describe the amount of money you bring in each month through employment, wages, bonuses or commission payments. Lenders will need to see proof of this income to assess your car finance application.
Earned Income Explained >

Equity

In car finance, Equity refers to the difference between the value of a vehicle and the amount left on the car finance agreement.
Equity Explained >

Electric Vehicles (EVs) | Electric Cars

Electric Vehicles or EVs is the term used for cars and other vehicles that run using the power of one or more electric motors powered by a battery source.
Electric Vehicles (EVs) | Electric Cars Explained >

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