- Monthly payment
- Monthly payment for your auto financing.
- Total purchase price (before tax)
- This is the total cost of your auto
purchase. Include the cost of the vehicle, any additional options and any
destination charges. Don't include sales tax in this amount. Sales tax will be
calculated for you and included in your total after tax price.
- Term in months
- Number of months for this loan.
- Interest rate
- Annual interest rate for this loan.
- Cash down
- Total amount of cash used in this purchase. The larger your
cash down payment the smaller the loan you will need to finance this purchase.
- Trade allowance
- The total amount that you are given for any automobile
that you trade-in as part of this purchase. In some states a trade-in can also
reduce the amount of sales tax you will owe. See the definition for "Sales tax
deduction for trade-in" for more information on trade-in vehicles and sales
tax.
- Amount owed on trade
- Total loan balance still outstanding on the
trade-in.
- 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 are not taxable.
- 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.
- Sales tax rate
- Sales tax percentage rate charged on this purchase.
- 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.
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