Glossary of Auto Loan Terms
(Q)
Qualify
To qualify means that you, as the borrower, are eligible for some
perk or term. Typically, the word “qualify” refers to the ability to
finance a car.
Quote
A quote is the amount a dealer offers as a selling price on a car,
but may also be the amount to be paid for insurance, the interest
rate or the value of the trade in. |
