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Auto loans
Industry: Financial services
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Auto loans
PPM
Financial services; Auto loans
Pence Per Mile. This is a term for an excess charge on a vehicle that uses more than the specified contractual mileage.
P11d Value
Financial services; Auto loans
This refers to the vehicle price value when new, together with the additional cost of extras. The value is then used for taxation purposes by the Inland Revenue.
Regulated Credit Agreement
Financial services; Auto loans
An Agreement which is regulated by the Consumer Credit Act. From 1st April 2008 all agreements will be regulated with the exception of Limited Companies, PLCs, and Partnerships (of four or more), ...
Re-instatement fee
Financial services; Auto loans
A fee which covers the administration involved in re-instating an agreement.
Repair and Maintenance
Financial services; Auto loans
An agreement where the customer pays a monthly amount to cover repair and maintenance of the vehicle.
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