Car Loan Terms Explained
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Auto Loan Definition
Annual Percentage Rate
Base Price
Cosigner
Deficiency Balance
Down Payment
Extended Warranty
Interest Rate
Loan Term
Loan to Value Ratio
Principal
Total Cost
The Takeaway
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About the Author
Rebecca Lake is a freelance writer specializing in personal finance, investing and small business. Her work has appeared online at U.S. News and World Report, Forbes Advisor, CreditCards.com and Investopedia. Rebecca writes about a variety of topics for SoFi, including budgeting, saving money and student loans.
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