Auto Finance Terms

Are you financing an auto for the first time and feeling that you really don’t know what you’re doing? We at JTL Auto Sales what you to make an informed decision based on your knowledge of auto financing. Come to see us and let us walk you through the lending process and help you become an auto owner quickly and easily.

Purchasing a car is a big investment, especially when you’re getting financing. It’s very important that you understand these terms.

• APR – The amount of interest you’re charged
• Cosigner – Another person who signs on a loan stating that they will also help pay
• Depreciation – The amount a vehicle decreases in value
​• Equity – How much the vehicle is worth

Whether you’re ready to make a purchase or are still shopping, pay us a visit in Selden. We can explain the auto finance term to you and also provide the right kind of financing for every situation.

 

 

Categories: Finance