Auto LoansGAP
Guaranteed Asset Protection (GAP Insurance)
Auto insurance coverage that pays the difference between a vehicle’s actual cash value and the remaining loan balance after a total loss.
📚 Financial Knowledge Base
Financial Industry Glossary & Underwriting Guide
Master essential home mortgage, auto financing, interest rate, and underwriting terminology with interactive calculators, mathematical formulas, and practical lending guidelines.
Terms Starting With "V"
Showing 3 definitionsAuto Loans
Vehicle Depreciation
The decline in a vehicle’s market value over time caused by age, wear, mileage, and market conditions.
Auto Loans
Subprime Auto Loan
Vehicle financing extended to borrowers with low credit scores (typically below 620), featuring higher interest rates and strict terms.