3 Terms
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Auto loans
Industry: Financial services
Add a new termContributors in Auto loans
Auto loans
Consumer Credit Licence
Financial services; Auto loans
To comply with the law, all retail businesses must have a credit licence to carry out certain activities in the field of credit and hire.
Credit amount
Financial services; Auto loans
This is the amount of money borrowed, calculated by the cash price of the vehicle, less any (excluding) the deposit.
Data Protection Act (DPA) 1998
Financial services; Auto loans
The Data Protection Act regulates how personal information is used and protects against misuse of personal details.
Dealer
Financial services; Auto loans
Per the Securities Exchange Act of 1934, a Dealer is defined as "any person engaged in the business of buying and selling securities for his own account, through a broker or otherwise."
Deposit
Financial services; Auto loans
This is the amount of money which is paid at the commencement of the vehicle. As the deposit increases the monthly payments or rentals decrease.
