T-Z
Tax
Tax is required when purchasing a vehicle. This refers to the amount required during the car purchase that must be paid to fulfill all state tax and government tax requirements
Title Loan
A title loan is a short term loan in which a customer's current car title is used as collateral
Trade-in Value
Trade-In Value is the amount a car dealer is willing to offer for your current car, towards the purchase or lease of your next car. This is determined using a variety of third party sources which specialize in valuing trade-in vehicles on a wide variety of key factors including location, mileage, condition, availability, market demand, etc. If you're currently wondering what your vehicle's trade-in value is, click on "How much is my car worth?" and one of our Used Car Managers will be happy to assist you!
How Much Is My Car Worth?
Upside-down
If you are upside-down on your car loan, it means that you currently owe more than what the car, truck, or SUV is currently worth. If you find yourself wondering "Am I upside down on my car loan?" Please feel free to contact any of our Finance Managers at
BBGFinance@boucher.com
Variable Rate Financing
With variable-rate financing, the interest rate of your car loan may change, based on the prime rate or "index". This may result in your monthly car payment increasing or decreasing
Verification of Employment
Verification of employment is the process used buy banks and car lenders to determine your current employment status. Lenders may be interested in reviewing income, employment history, length of time at your current employer, etc.