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
V
Value
An expression of monetary (relating to money) worth of a particular piece of real estate, or vehicle, or goods, etc. A fair price.
Variable Rate Financing
The interest rate varies and the amount you must pay changes over the life of the contract.
Vehicle Identification Number
Also known as VIN or VIN Number or VIN #. A unique number given by the motor vehicles manufacturer that identifies one vehicle from another and usually consists of 17 characters that do not include the letters I, O or Q. It is usually located under the windshield on the driver's side, viewed from the outside of the car looking through the windshield.
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