Glossary
Purchasing a used car can be intimidating. DriveTime has all the information you need to understand the ins-and-outs of purchasing a used car; whether from a dealership or a private party, paying cash or financing, all without being overwhelmed.
Search:
(clear search)
a
- Absolute Title
- Acquisition Fee
- Actual Cash Value
- Additional Insured
- Adjusted Capitalized Cost
- Adjuster
- After Sale Support
- Agent
- All Risk Policy
- Amortization
- Amount Financed
- Annual Percentage Rate (APR)
- Application
- Appraisal
- Appreciation
- Auto Accident
- Auto Equity Loan
- AutoCheck
- Autopay
b
- Bad Credit
- Balance Due
- Balloon Payment
- Bankruptcy
- Base Rate
- Broker
- Buydown
c
- Car
- Car Insurance
- Carrier
- Casualty Insurance
- Certificate of Title
- Claim
- Clause
- Closed-End Lease
- Closing Costs
- Co-Buyer
- Collateral
- Credit History
- Credit Score
- Creditor
- CreditRank
d
- Debt-to-Income Ratio
- Deductible
- Default
- Deferred Down Payment
- Delinquency
- Delivery Inspection
- Deposit
- Depreciation
- Destination Charge
- Disclosure
- Disposal Fees
- Down Payment
- DriveCare
e
- ECOA
- Equifax
- Equity
- Excess Mileage
- Experian
- Extended Warranty
f
- FICO
- Finance Charge
- Flat Rate
- Fuel Economy
g
- Global Positioning System
- Grace Period
- Gross Income
- Guaranteed Asset Protection (GAP)
i
- Incentive
- Indemnity
- Installment Loan
- Insurance Verification
- Interest
- Interest Rate
- Inventory
- Investment
- Invoice Price
l
- Lapse
- Late Fee
- Layaway Program
- Lease
- Lease Side Notes
- Lemon
- Lessee
- Lessor
- Liability
- Liability Coverage
- Lien
- List Price
- Loan
- Loyalty Program
m
- Manufacturer's Suggested Retail Price (MSRP)
- Mark-Up
- Market Value
- Mileage Allowance
- Monroney Sticker
- Monthly Payment
- MPG
n
- NADA Used Car Guide
- Net Income
- No-Haggle Dealership
- Non-Prime Lender
- Non-Renewable Policy
o
- Open-End Lease
- Owner Financing
p
- Partial Loss
- Physical Damage
- Pink Slip
- Policy Period
- Policyholder
- Power of Attorney
- Premium
- Preparation Charge
- Principal
- Proof of Income
- Proof of Residence
- Property Damage Liability
- Pull Credit
- Purchase Option
r
- Rate
- Rebate
- Recall
- Refinancing
- Reimbursement
- Renewal
- Repossession
- Residual Value
- Risk
s
- Salvage Value
- Secured Loan
- Service Charge
- Service Contract
- Servicing
- Settlement
- Short-Term Policy
- Simple Interest
- SkyLink
- Sticker Price
- Stipulation
- Subsidized Lease
- Supplementary Payments
t
- Tax
- Term
- Termination Fee
- Test Drive
- Tire Tread
- Title
- Title Loan
- Total Loss
- Trade In
- Trading Down
- Trading Up
- TransUnion
- Truth in Leasing Act
u
- Unearned Premium
- Unsecured Loan
- Up-Front Costs
- Upgrade Program
- Upside Down
- Used Vehicle
- Usury
v
- Variable Interest Rate
- Vehicle Acquisition
- Vehicle History Report
- Vehicle Make
- Vehicle Model
- Vehicle Service Contract
- VIN
- Void
w
- Walk-Away Lease
- Warranty
