When you are in the market for a vehicle to buy or lease, certain terms will be used to describe various financial aspects in the process. It is because of this that our dealership has compiled a list of some of the popular auto finance terminologies that you should know. These include:
- Creditor – this is a person or organization that lends money. For the case of auto dealership, it is the dealer that offers you a loan or financing incentive to help you buy or lease the vehicle of your choice from their inventory.
- Creditworthiness – This is the repayment capacity…