Glossary of Auto Loan Terms
(W)
Warranty
The warranty is an agreement between the buyer and seller regarding
any repairs done to the vehicle during a specific period of time.
There are typically exceptions to the warranty - things that are not
covered. It’s important for the owner to know that some actions can
void the warranty,
Wholesale Book Value
The wholesale book value is the value of a vehicle at a specific
point and if the car is being sold as a wholesale vehicle as opposed
to a retail sale. |
