| 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 |
Amount owed on trade. |
| 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 car. |
| 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, 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. |
