Auto Finance Terms

Buying or leasing a new vehicle can be a stressful experience – especially if you aren’t familiar with the lingo. But don’t worry; we are here to help.

Here’s a quick glossary of popular finance terms:

  • APR – This acronym stands for “Annual Percentage Rate” and refers to the interest rate multiplied by the number of periods in a year.
  • Credit – This typically refers to your personal credit score or credit history, which represent your trustworthiness when lending money.
  • Down Payment – A large, initial payment paid on a bought vehicle that is taken out of the overall balance.
  • Interest Rate – The regular fee taken by a lending institution (such as a bank) for their services while someone is lending money.
  • Title – A legal document for a vehicle that tells who owns it. If you’re borrowing money from a bank, your name will not be on it until you pay back the loan.

If you have any questions or for more help, visit us any time at Cumberland Kia.

Dealer Information
Cumberland Kia 1556 Interstate Dr Cookeville, TN 38501 Get Directions
Sunday:
CLOSED
Monday:
8:00 AM - 8:00 PM
Tuesday:
8:00 AM - 8:00 PM
Wednesday:
8:00 AM - 6:00 PM
Thursday:
8:00 AM - 8:00 PM
Friday:
8:00 AM - 8:00 PM
Saturday:
9:00 AM - 6:00 PM
Sunday:
CLOSED
Monday:
7:00 AM - 8:00 PM
Tuesday:
7:00 AM - 8:00 PM
Wednesday:
7:00 AM - 8:00 PM
Thursday:
7:00 AM - 8:00 PM
Friday:
7:00 AM - 8:00 PM
Saturday:
7:00 AM - 8:00 PM
Sunday:
CLOSED
Monday:
7:00 AM - 8:00 PM
Tuesday:
7:00 AM - 8:00 PM
Wednesday:
7:00 AM - 8:00 PM
Thursday:
7:00 AM - 8:00 PM
Friday:
7:00 AM - 8:00 PM
Saturday:
7:00 AM - 8:00 PM
Sunday:
CLOSED
Monday:
7:00 AM - 5:00 PM
Tuesday:
7:00 AM - 5:00 PM
Wednesday:
7:00 AM - 5:00 PM
Thursday:
7:00 AM - 5:00 PM
Friday:
7:00 AM - 5:00 PM
Saturday:
CLOSED

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