Q:
What Does OAC Mean When Buying a Car?
A:
Quick Answer
When buying a car, "OAC" means "on approved credit." A person seeking to finance the purchase of an automobile needs to meet a minimum credit score and associated credit history to obtain a loan.
Continue ReadingFull Answer
Provided the minimum requirement is met in regard to a credit score and history, a person seeking automobile financing oftentimes is able to obtain a more favorable interest rate on a loan with a better credit track record. In addition, a prospective buyer's income is likely to be part of the on approved credit equation. OAC is prevalent in situations in which an automobile dealer finances the sale.
Learn more about Buying & SellingRelated Questions
-
Q:
How Do You Donate a Car?
A: To donate a car, you must identify an organization that accepts vehicles and fill out the associated paperwork. Before the recipient accepts the car, you m... Full Answer >Filed Under: -
Q:
Where Can You Sell a Used T-Rex Car?
A: A T-Rex car can be sold through auction websites, such as eBay, and online classifieds like Craigslist. There are a number of ways to post the item using o... Full Answer >Filed Under: -
Q:
What Should I Look for When Buying a Pre-Owed Car?
A: Consumer Reports details a number of things that consumers should look for when buying a pre-owned car. A buyer should check the interior and exterior of t... Full Answer >Filed Under: -
Q:
How Can You Salvage a Car?
A: Every state has different requirements when it comes to salvaging a car, but there are some commonalities that cross state lines. For instance, in every st... Full Answer >Filed Under:
You May Also Like
-
Q:
How Much Does a Used Car Engine Usually Cost in EBay?
-
Q:
Is Mercedes-Benz of Massapequa Considered a Reputable Dealer?
-
Q:
Can You Sell Your Used Cars to a Junkyard?
-
Q:
Are There Cars for Sale Under $300?
-
Q:
Where Can You Buy Used Truck Campers?
-
Q:
What Are Some Common Deals at Allen Samuels Dodge in Fort Worth?
