Car Buying Guide - L - Car Lingo

Car Lingo

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L
There are 3 entries in the glossary.
Pages: 1
Term	Definition
LA&H	Life, Accident and Health insurance. This is a policy that can be added to your car loan that make you car payment in the event of injury and pays off the loan in the event of death.

Lay-down	An easy customer that pays full price.

Leg	Amount of money in a monthly payment over the agreed upon purchase price that allows the "F&I" department to increase their profit.

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Glossary V2.0