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Financial services

Related to any service provided by the finance industry, which encompasses a broad range of organisations that deal with the management of money.

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Contributors in Financial services

Financial services > Auto loans

Total monthly repayments

Financial services; Auto loans

The amount payable monthly, including any options that have been selected as extras.

Unregulated Agreement

Financial services; Auto loans

An agreement which is not regulated by the Consumer Credit Act.

Use of personal information

Financial services; Auto loans

In accordance with the DPA any personal information will be held securely and not passed on to third parties.

V5c

Financial services; Auto loans

A registration document (logbook). Depending on the finance contract, this must be returned at the end of the finance agreement.

VAT

Financial services; Auto loans

Value Added Tax. This is a tax on consumer expenditure. Businesses (that are VAT registered and fully taxable) do not bear the final costs of VAT. They are able to charge VAT on ...

Write-off

Financial services; Auto loans

If a vehicles's value is less than the cost to repair it, an insurance company will declare the vehicle a 'write-off'. In some instances it may be more cost effective to replace ...