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| Home > Auto Loan Buying Guide > Selecting an Auto Loan > Auto Loan Terms Defined |
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February 4, 2012
Auto Loan Terms Defined
View our resources to learn the language associated with car loans and auto financing. Amortization, APR, cosigner, down payment, prepayment penalty, title and more. |
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| Auto Loan and Lease Glossary |
A helpful list of thirty terms relating to auto loans and auto leasing. The glossary includes definitions ranging from simple ideas such as "finance charge" and "monthly payment" to more complex terms including "adjusted capital cost" and "residual."
From the resource: "Purchase Option: Before or at the end of your lease term, you can purchase your leased vehicle according to the terms specified in your lease agreement."
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| Source: Wells Fargo |
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