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Auto loans
Industry: Financial services
Add a new termContributors in Auto loans
Auto loans
Optional final repayment / purchase fee
Financial services; Auto loans
Depending on your contract type, you have an option to purchase the vehicle for a fee.
Outstanding balance
Financial services; Auto loans
Total outstanding figure of our rentals at any given time.
Payment Protection Insurance (PPI)
Financial services; Auto loans
A form of insurance that protects your financial repayments in the event of death, accident, illness, sickness, redundancy or financial insolvency.
PCP
Financial services; Auto loans
A finance agreement where there is an option to purchase the vehicle for an agreed fee or either return the vehicle to the finance company or part-exchange.
Peppercorn rental
Financial services; Auto loans
A nominal rental to be paid in order to continue with a finance lease agreement where all the outstanding payments have been paid but the customer defers selling the vehicle to a later date.
Pinnacle
Financial services; Auto loans
The underwriters for GAP Insurance products sold by Mercedes-Benz Financial Services UK Limited.
