Auto Loan Learn the Terms

Car Talk
Below are some terms you may hear when shopping for a new or used vehicle or auto loan. Some words may have more than one meaning. Only those meanings relating to this site will be used.

Definitions A - Z

Used Vehicle
A vehicle that has previously been owned and driven by another person.

Used Car Guidebooks
Publications that report current wholesale and/or retail prices of vehicles. Wholesale values generally are determined from such factors as auto auction prices, other wholesale transactions and regional demand. Prices are listed according to year, make, model, options, mileage and condition of the vehicle. Retail prices are generally determined by such factors as dealership retail sales prices, other retail transactions and regional demand.

SCAMS & FRAUD
Some Scams, Fraud, and Consumer Abuse Items in the News

Federal Laws
Major Laws That Govern Financial Institutions & Protect Individuals in Their Financial Dealings

Organizations

Fannie Mae
Freddie Mac
Ginnie Mae
Nellie Mae
Sallie Mae

Consumer Info

Consumer Tips
Credit Bureau
Credit Insurance
Credit Report
Directory of Federal Agencies
Federal Trade Commission (FTC)
Identity Theft
Predatory Lending
Repair Your Bad Credit
Truth in Lending Act
Borrowers Beware

Miscellaneous

Private Mortgage Insurance (PMI)
Prepayment Penalty

Loanfactz.com Supporters