20 Terms
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Auto loans
Industry: Financial services
Add a new termContributors in Auto loans
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 the supplies that ...
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 your vehicle than to ...
