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
E
Employed
Having a job that pays you wages or a salary.
Extended Warranty
(service contract) A contract that can be purchased to cover the costs of parts and service on a vehicle beyond the manufacturer's original warranty period. Whether or not you should buy an extended warranty service contract depends on you. If you are going to drive and keep the vehicle for a long time, an extended warranty may be a good idea. Used car extended warranties can be a good idea too. It is best to get the extended warranty service contract that is provided by the manufacture.
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