Important Auto Financing Terminologies
Below are some important auto financing terminologies that you should know when buying or leasing a vehicle:
Long-term Note – A written agreement between a firm and another party in which the company promises to pay a specified amount of money at a specific time; over a year from the due date for long-term loans and mortgages.
Marketplace – is an online store where multiple sellers and lenders compete for customers’ business in online businesses that enable for inventory to be sold.
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