An individual serial number assigned by the manufacturer to a motor vehicle. The alphanumeric number consists of seventeen (17) digits is located on the auto's dashboard and visible through the w [..]

A guarantee from the dealer or manufacturer that an auto (item) will perform as expected or specified. Warranties usually cover specific mechanical problems for a specific number of miles or amount of [..]

The process of verifying data and approving a loan or insurance policy. Usury Law

The evidence one has of right to possession. See Certificate of Title. Total Sales Price

An auto exchanged for a credit amount on the purchase of a new (auto) item. Trade-In Allowance

A federal law requiring a disclosure of credit terms using a standard format. This is intended to facilitate comparisons between the lending terms of different financial institutions. back to top

A federal law requiring a disclosure of credit terms using a standard format. This is intended to facilitate comparisons between the lending terms of different financial institutions. back to top

A percentage of the final sales price that is required to be paid to local, state, and/or federal government entities. Term

An interest in property that secures performance of a credit obligation. Service Contract

A method of calculating interest due by applying a periodic rate to the outstanding balance on a daily basis. As payments are received they are applied first to the accrued interest and then to the pr [..]