 |
|
|
Auto loan glossary
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. |
|
|
|
|
- Joint credit
When a couple asks for a loan based on joint credit, both their assets and incomes and both their credit reports are weighed by the lender. It can result in a higher amount being available, but puts both parties on the hook for repaying the debt.
- Joint liability
With joint credit comes joint responsibility: With joint liability, both parties to the loan must repay a debt.
|
|
|
|
|
|
|
| National
auto loan rates |
| 11/21/2009 6:33:17 AM
|
|
|
|
|
|
|
|
DIGG | 
del.icio.us