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Definitions |
| 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 | Net amount for trade in applied to your purchase |
| 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. |
