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
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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