Cars · RATIOXA GLOSSARY
Vehicle finance
Loan or instalment plan for a vehicle with interest, term and possible final payment.
Simple definition
Loan or instalment plan for a vehicle with interest, term and possible final payment.
Why it matters
This term changes how inputs, cash flows or results should be interpreted. RATIOXA keeps it explicit so two options are compared on the same basis.
Worked example
Low monthly payments can result from a large final payment rather than low total cost.