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.

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.

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.