An automobile lender that is a subsidiary of an automobile manufacturer and whose principal business includes financing the sales and/or leases of that manufacturers vehicles.
Interest that is not immediately expensed, but rather is considered as an asset and is then amortize
[n] - a finance company owned by a manufacturer to finance dealers` inventories or to make loans to consumers buying the company`s products
noun a finance company owned by a manufacturer to finance dealers` inventories or to make loans to consumers buying the company`s products
A car insurance institution owned by a car manufacturer. Examples include Chrysler Credit, Ford Motor Credit and General-Motors-AutoCredit.