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
U
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.
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