| GLOSSARY |
|
Amount Owed on Trade |
Total loan balance still
outstanding on the trade-in. |
|
Cash Down |
Total amount of cash
used in this purchase.
|
|
Interest Rate |
Annual interest rate
for this loan. |
|
Loan Amount |
Total amount of your
auto loan. |
| Monthly Payment |
Monthly payment for this loan. |
|
Net Trade-in |
Net amount for trade-in applied to your purchase. |
|
Non-Taxable Fees (optional) |
Any additional fee that
is not subject to sales tax. This usually includes document fees or any
other fees that may be due at delivery and not taxable. |
|
Qualifying Income
|
Minimum monthly income
range required to qualify for this loan payment. |
|
Sales Price |
Total price for this car.
|
|
Sales Tax |
Total amount of sales tax on this purchase.
|
|
Sales Tax Rate |
Sales tax percentage
rate charged on this purchase.
|
| Term |
Number of months for
this loan.
|
|
Taxable Fees (optional) |
Any additional fee that
is subject to sales tax. This usually includes title transfer fees or any
other fees that may be due at delivery and are taxable. |
|
Total Down |
Net amount available
as a down payment. This is your cash down, plus your trade-in, minus any
outstanding loan balance on your trade-in.
|
| Trade Allowance |
Total dollar amount given you on your trade-in. |