Acceptance fee

Rate of the finance deal which includes all charges

Amount to be financed (Cash Price - Deposit)

On the Road Price

Administration fee to be paid at the same time as the last monthly payment and the Option to Purchase fee

A sum a money paid up front to reduce the amount to be financed

Amount of money per mile to be paid when when the agreed mileage has been exceeded

Additional charge for rectification work where returned vehicles do not meet acceptable standards

Guaranted Asset Protection - could cover the difference between what an insurance company will pay in the event of vehicle being stolen or written off and the outstanding balance on a finance agreemen [..]

Traditional finance agreement whereby the customer pays a deposit, fixed monthly payments over a period of 1 - 5 years. Customer takes ownership when all instalments have been paid.