Impound - Auto Loan Glossary at Automotive.com
»Locate a Dealer»Find a Used Car»Get Financing
Definition
Impound That portion of a borrower's monthly payments held by the lender or service to pay for taxes, hazard insurance, mortgage insurance, lease payments, and other items as they become due. Also known as reserves.
Select an Auto Loan Term

FREE AUTO LOAN QUOTE

Free Auto Rate Quote
Research your financing options with a free quote
Enter your zip to get local financing rates