First Car Guide for First Time Car Buyers

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Glossary of Automobile Buying and Financing

Glossary of terms related to automobile buying, leasing, financing, driving, and insuring.


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Term Definition
titleTo own a car means having a title document that legally ties the owner to the car. Selling a car means having the title to transfer to the buyer. Loan companies often hold a car's title while the loan is being paid.
 


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