Contributors in Auto loans

Auto loans

Final rental / payment

Financial services; Auto loans

This is the final payment due on the finance agreement.

Finance and Leasing Association (FLA)

Financial services; Auto loans

The FLA Lending Code 2004 sets out standards of good practice for the industry and is intended to reassure anyone who applies for finance from FLA’s full members that they are doing business with ...

FSA

Financial services; Auto loans

This is an acronym for the Financial Services Authority who has regulated all insurance activity within the market place since 14 January 2005.

GAP Insurance

Financial services; Auto loans

There are two options, 1. Finance GAP Insurance is an insurance policy designed to cover the difference between the amount owed to the Finance company and the insurance payout received in the event ...

GMFV

Financial services; Auto loans

Guaranteed Minimum Future Value.

Guaranteed Future Value (GFV)

Financial services; Auto loans

A payment agreed at the commencement of the contract that is deferred to the end of the finance agreement and payable by the customer.

HPI

Financial services; Auto loans

A registered information-related check on a vehicle to ascertain if a vehicle is financed, previous ownership details etc.

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