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.
- Net trade in
-
Net amount for trade in applied to your purchase.
- Sales price
-
Total price for this auto purchase.
- Sales tax
-
Total amount of sales tax on this purchase.
- Loan amount
-
Total amount of your auto loan.
- No sales tax deduction for trade-in
-
If you live in a state where your sales tax is calculated on your full purchase price check this box. If this box is unchecked sales tax is calculated on the purchase price less trade-in. Currently California, the District of
Columbia, Hawaii, Maryland and Michigan allow no deductions for trade-ins when calculating sales tax. In addition, Alaska, Delaware, Montana, New Hampshire, and Oregon have no sales tax on autos.
