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Glossary
- Acceptance fees
- Adequate Explanation
- Administration fee
- Agreement/document
- Agreement period (Term)
- Amount of Credit
- Annual Mileage (Mileage Allowance)
- Annual Percentage Rate (APR)
- Annual Statement of Accounts
- Approved authorised repairers (Audi Centre)
- Arrears (Debt)
- Asset
- Audi Centre
- Audi Complete
- Balance Financed
- Balanced Fee
- Balloon payment
- CCA
- CCD (Consumer Credit Directive)
- Contract
- Contract Hire (Lease)
- Credit agreement
- Credit Protection Insurance (CPI)
- Credit Reference Agencies (CRAs)
- Debtor
- Default
- Deposit
- Direct Debit (DD)
- DVLA
- Early settlement (termination)
- Early termination
- End of contract charges
- Ensurance
- Equity
- Excess mileage
- Excess mileage charge
- Experian
- Extensions
- Fair, Wear & Tear
- Fair Wear & Tear Guidelines
- Final Rental/Payment
- Finance and Leasing Association (FLA)
- Finance Company
- Finance Lease
- Financial Difficulties
- Fixed interest rate
- Flat rate
- GMFV
- Hire Purchase
- HPI (Hire Purchase Information)
- Indemnities/guarantor
- Interest
- Late charge
- Lease Purchase
- Leasing/Lease
- Lessee
- Lessor
- Mileage
- Mileage allowance
- Miles per annum
- Monthly payments
- Monthly rentals
- MOT
- Novation/Transfer
- Option to Purchase fee (OTP)
- Optional Final Payment
- Outstanding Balance
- P11d Value
- Part exchange
- Partial Payment (lump sum)
- Paying off your agreement early
- Payment difficulties
- Payment Protection Insurance (PPI)
- PCP (Solutions)
- Pooled Mileage
- PPM
- Rate of Interest
- Redemption
- Regulated Credit Agreement
- Repossession
- SECCI
- Secondary hiring rental (Peppercorn)
- Service, Maintenance and Tyres
- Audi Service Plan
- Settlement figure/quote
- Shortfall
- Solutions (PCP)
- Term
- Termination Fee
- Terms & Conditions
- Total Amount Payable
- Transfer
- Transfer of legal title
- Underwriting
- Vehicle Excise Duty (VED)
- Voluntary Termination (VT)
- Write-off
Agreement period (Term)
The agreement period is how long your finance plan runs for. Agreement periods vary, and are clearly stated on your quote and finance agreements. (see also: Term)