Car Loan Jargon
Slang & Vocabulary
Slang & Vocabulary
Your next auto loan will most likely introduce a few new terms into your vocabulary, especially if this is your first time applying for a bad credit car loan.
The definitions are displayed in three categories: Terms you may hear while processing your loan, terms you may hear while closing your loan, and general car loan terms.
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These terms will help you effectively communicate with your loan counselor and provide a better understanding of the loan process.
Loan Closing / Contractual
These terms are associated with the closing of your loan. They include items contained within the finance contract, as well as, products that may be offered at loan closing.
General Definitions
Terms often associated with auto loans and credit.
Auto Loan Resources
Customer Testimonial
"Drivers Lane made my dream of transportation fair and
affordable. I thank
all of you for the
chance to rebuild
my credit."
affordable. I thank
all of you for the
chance to rebuild
my credit."
Fran M.