AUTO FINANCE TERMS TO KNOW

December 4th, 2019 by

Finance jargon can be confusing and if you don’t understand all of the terms being thrown around when you go to buy a new or used vehicle, it can end up hitting you where it hurts most, your wallet. That is why our team of financial experts at Mike Bell Chevrolet located right here in Carrollton, GA want to be sure that you know all about some of the financial jargon you may here. First, you may hear the term “zero money down”, loosely thrown around. While this is exactly what it sounds like, it is important to realize that it still may be in your best financial interest to put some money down to reduce your loan amount. Next, it is important to understand that a lease allows you to drive a car for a specified period of time but does not give you ownership status of the car. At the end of the term, the car must be either purchased or returned to the dealer.

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