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Definitions
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| Monthly payment |
Monthly payment for this loan |
| Interest rate |
Annual interest rate for this loan |
| Term |
Number of months for this loan |
| Cash down |
Total amount of cash used in this purchase |
| Trade allowance |
Total dollar amount given on your trade-in |
| Amount owed on trade |
Total loan balance still outstanding on the trade-in |
| 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. |
| 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. |
| Sales tax rate |
Sales tax percentage rate charge on this purchase. |
| 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. |
| Net trade in |
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| Net amount for trade in applied to your purchase |
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| 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. |
| Loan amount |
Total amount of your auto loan. |
| CA, MI or VA |
If you live in California, Michigan or Virginia your sales tax is
calculated on your full purchase price. All other states calculate their
sales tax on the purchase price less trade in.
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Information and interactive calculators are made available to you as self-help tools for your
independent use. We can not and do not guarantee their accuracy or their
applicability to your circumstances. We encourage you to seek personalized
advice from qualified professionals regarding all personal finance
issues.
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