GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
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50% - Moderately

Direct Financing


Synonyms:bank financing, seek own financing
Filed Under: financial-banking
Tags: banking, finance
 

Definition of direct financing

direct financing
1. A buyer who lines up financing through an outside financial institution rather than through the dealer is said to have direct financing.

Related Terms and Acronyms:

  • negative-equity financing   Financing for new car buyers who owe more on their trade-in than the car is worth.
  • open-end lease   Sometimes called a finance lease. It usually offers lower payments, but carries a risk for the consumer. Under an open-end lease, the lessee must pay any difference between the residual value of the car as stated in the lease and the fair market value of the car, if lower, at the end of the lease. The lessor pays for the appraisal that sets the value. If the consumer doesn't agree with it, the consumer may pay for a binding, independent appraisal by someone agreed to by both parties.

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