| Definitions |
|
|
| Term |
Number of months for the auto loan. |
| Purchase Price |
The amount, before taxes and fees, that you are paying
for this auto. |
| Auto loan interest rate (APR) |
Annual percentage rate for the auto loan. |
| Cash down |
Check this to have your total down payment be a specific
cash amount. This money will be used for fees and your
down payment. |
| Percent of purchase price |
Check this to put a percent of the purchase price
as your cash down. This money will be used for fees
and your down payment. |
| Trade allowance |
Total dollar amount given to your for your auto trade-in.
|
| Amount owed on trade |
Total loan balance still outstanding on the trade-in.
|
| Fees |
Fee charged for title transfer. Also include any
other fees that may be due at delivery. |
| Sales tax rate |
Sales tax percentage rate charged on this purchase.
|
| Home equity interest rate (APR) |
Annual percentage rate for the home equity loan. |
| Home equity closing costs |
Any additional costs to the home equity loan. This
should include any appraiser fees, points paid or other
misc. fees. |
| State and Federal tax rates |
Your state and federal marginal income tax rates.
These rates are used to determine the tax savings associated
with a home equity loan. |
