Was it the gleam of the chrome on that shiny new car that dazzled you? Or the bright cheery smile and baffling terms tossed around by the car salesperson? Before you sign a loan or lease contract for a car, know what you're getting into with our glossary of terms about auto loans and leasing. Bookmark this glossary so you'll always have a quick reference at hand.
Gap insurance Insurance offered to auto lease customers. If a car is stolen or destroyed, it pays the difference between what you own and what the vehicle is worth.
Gross income All earnings. An important number to know when you're qualifying for a loan.
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