This figure is used to calculate your APR. It represents your loan amount minus any prepaid finance charges and assumes you will keep the loan to maturity and make only the required monthly payments.
The amount you're borrowing. If you're upside down in one car loan and owe more than the car is worth, the difference still owed on the old car might be rolled into the new loan.
The amount of credit provided to you or on your behalf. This means the agreed upon sale price of the vehicle, plus any charges for taxes, title, license fees, service contracts, vehicle protection products, less any down payment including any net trade-in allowance. This is the amount that is subject to finance charges and other amount you finance.
A term used in the Truth in Lending Statement that refers to the loan amount less the cost of obtaining the loan.
The amount borrowed minus any prepaid finance charges.
The amount of auto finance that a borrower draws for purchasing automobile is known as amount financed.
The amount financed is the loan amount minus the pre-paid finance charges. This amount is shown separately to allow the borrower to understand that, in addition to the down payment, they are responsible for the actual loan amount. The actual loan amount is higher than the amount financed, which is the loan amount minus the fees.
The loan amount minus any prepaid fees and points.
A required Truth in Lending Act disclosure for consumer loans. It is calculated by starting with the full amount borrowed (principal) and subtracting out the dollar amount of prepaid finance charges (finance charges the borrower is paying in advance).
The principle amount of the loan. The amount financed equals: price, accessories, tax, license and service contract, Minus down payment and trade equity. This is a customer's loan amount.
The amount financed is the amount of credit provided to you or on your behalf. It is calculated by determining the principal loan amount or the cash price (subtracting any down payment); adding any other amounts that are financed by the creditor and are not part of the finance charge; and subtracting any prepaid finance charge.
The amount of money that you borrow form the bank. The amount financed is equal to the vehicle price minus the down payment.
The agreed upon sale price of the vehicle, plus any charges for taxes, title, license fees, service contracts and insurance, less any down payment and/or net trade-in allowance. This is the amount which is subject to finance charges.
The principal that is financed. It could include the cost of the purchase and other items rolled into the payments.
This is the amount of money being loaned to the borrower. The total includes: the principal loan amount, amounts financed by the creditor which are not part of the finance charge, less any prepaid finance charges.
The total principal of the car including the car cost and all options.
the amount of credit provided to or on behalf of the borrower, calculated under the Truth in Lending Act. This is the principal minus certain loan charges that the Truth in Lending Act defines as finance charges.
Amount financed refers to the amount of auto loan that a borrower has drawn for purchasing vehicles.
Amount financed is the Principal Balance minus any fees incurred by using a mortgage professional such as Mortgage Points, Inspection Fees, Processing Fees and Document Preparation Fees. Fees not included in this calculation include Title Fees, Recording Fees, Homeowners Insurance, Property Taxes and Servicing Set up Fees.
The part of a vehicle's cost that a lender supplies. To determine the amount financed, multiply the purchase price by the interest rate; subtract that amount from the purchase price; add state purchase tax to that remainder; then subtract the down payment. Put differently, AF = purchase price - (purchase price X interest rate) + tax - down payment.
This is the amount of money subject to finance charges. It is determined by the sale price of the vehicle plus any charges for taxes, title, license fees, service contracts, such as the Extended Service Plan, and any other fees, less the down payment, manufacturers rebate, or trade-in.
The portion of the principal that is actually financed. This could include the cost of the car, the cost of an extended warranty, the cost of credit life insurance and other items rolled into the payments.
The Amount Financed is not the amount of the loan. It is the requested loan amount minus the prepaid finance charge. The Amount Financed is the amount on which the APR is based. For example, if the borrower requests $100,000 and the Prepaid Finance Charge totals $4,000, the Amount Financed would be $96,000.
The amount financed refers to the principal amount that is borrowed. This amount can include the entire purchase cost along with any other items incorporated into the payments.
