DP: Down Payment. How much money is required to purchase the loan for a vehicle. The DP is applied to the principal immediately. A higher down payment means lower monthly payments.
SP: Sticker Price. How much the vehicle is actually valued at.
APR: Annual Percentage Rate. The yearly interest charged to a sum owed. In a simple interest loan, this is calculated daily, but does not compound. Typically payments will go to the interest before the principal.
FWD: Front Wheel Drive. This is not Four Wheel Drive. Don't get confused.
AWD: All Wheel Drive. This is actually Four Wheel Drive.
GDI: God Damn It. What my manager says to me when I confuse FWD and AWD, or hang the untitled keys on the main rack.
STIPs: Stipulations. Supporting documents to make the customer's case for their ability to pay. Paystubs, bank statements, letters of pay, etc.
CFD: Central Funding Desk. This is The Corporation's entity that reviews, accepts, denies, and makes exceptions for loans based on customer's STIPs.
PIF: Potential Identity Flag. Applied to a customer's account when suspected of using another person's identity to take out a loan.
CRI: Credentials Require Investigation. Applied to a customer's account when they're suspected of submitting fake STIPs or identification material.