A one-off payment to cover the administration of setting up the finance agreement & credit searches. Paid at the commencement of the finance agreement with the first payment or rental.

An extra which can be added to the vehicle, which is not part of the manufacturer's specification.

A fee charged to cover the cost of amending an agreement.

A legally binding contract made between a customer and a financial company for the purchase or use of a vehicle. The agreement is binding once it is signed on behalf of the finance company.

Also known as Annual Percentage Rate, it is the interest rate which a customer will pay on a finance agreement, including all fees.

A statement outlining the payments made to date including any paid late etc.

A payment or rental which is outstanding.

The vehicle or item that is being financed.

This is an insurance that protects your financial repayments in the event of death, accident, illness, sickness, redundancy or financial insolvency.