Why use such confusing terminology in describing financing rates and procedures for new and pre-owned vehicles?
While terms such as residual value, adjusted capitalized cost, money factor, etc. can be confusing in their unfamiliarity for many, the Federal Reserve Board now requires dealers to publically denote the down payment amounts, lengths, residual values, and interest rates for all leases. This terminology is accompanied by basic thorough descriptions for purposes of reader comprehension in our FAQ.
Related Questions
- Why use such confusing terminology in describing financing rates and procedures for new and pre-owned vehicles?
- Does Audi (or VW) have their own financing where they offer special rates on all their vehicles, new and used?
- Does Acura Financial Services offer financing for Acura certified pre-owned vehicles?
