Glossary of Auto Loan Terms
(V)
Vehicle Identification Number (VIN)
The VIN is a number unique to each car. The VIN is typically
displayed on the driver’s side, on the dash, and may be a small
strip with a series of numbers and letters. The VIN is also used on
the vehicle title.
Verification of Employment
A potential borrower typically has to provide information about
their job to be approved for a loan. Most lenders will then verify
that employment record by calling the companies for information. |
