Friday 30 July, 2010

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.

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

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
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)

Jargon Buster

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

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