Jargon Buster

Fed up with jargon? Don't understand what they mean? Then you'll love the Business Car Manager Jargon Buster. Just select one of the terms below and a full - and understandable - explanation will drop down at the bottom of this listing.

Accident management	Agreement period
APR	Balloon payment
Base rate	Contract amendment
Contract hire	Contract purchase/Personal contract purchase (PCP)
Daily rental	De-hire
De-hire charges	Depreciation
Dilapidation	Early termination
End of contract charges	EVs (electric vehicles)
Excess mileage	Extension
Final payment	Finance lease
First Registration Fee (FRF)	Flat rate
Fleet management	GAP insurance
Grey Fleet	Hire purchase
Hybrid	Initial payment
Lump sum	Maintenance contract
Minimum guaranteed future value (MGFV)	P11D form
P11D value	Pooling
Relief car	Residual value
Sale and leaseback	Secondary rental
Short-term hire	V5 registration document/logbook
Vehicle downtime	Vehicle Excise Duty (VED)
WDA

Jargon Buster

Ralph Morton, Business Writer of the Year 2009 Guild of Motoring Writers Awards

Ralph Morton, Business Writer of the Year 2009
Guild of Motoring Writers Awards