strattonfinance.com.au

Website:https://www.strattonfinance.com.au/
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Definitions (43)

1

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vehicle lease


See Finance Lease
Source: strattonfinance.com.au

2

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unsecured car loan


See Personal Loan
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3

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vehicle finance


A general term referring to borrowing money to purchase cars or other vehicles. Generally "car finance
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4

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true interest rate


Normally synonomous with Comparison Rate
Source: strattonfinance.com.au

5

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security


Property - the vehicle in the case of car finance - that a financier can claim in case a borrower defaults on their loan obligation.
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6

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tap


Acronym for T
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7

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term


The length of a loan, normally expressed in months or years.
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8

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to approved purchasers


A disclaimer indicating that an offer (often an advertised offer) is subject to approval (normally finance approval).
Source: strattonfinance.com.au

9

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secured car loan


See Car Loan
Source: strattonfinance.com.au

10

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retained interest


Unpaid future interest included in an early payout figure. Also colloquially known as a Payout Penalty
Source: strattonfinance.com.au


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