Amount Financed - The amount of credit advanced by the lender to the seller on your behalf after any down payment or trade-in value has been applied.

Annual Percentage Rate - Also referred to as APR or interest rate, it is the cost of your credit expressed as an amortized percentage per year.

Down Payment - The amount of money or trade-in value being used to reduce the total amount financed.

Finance Charge - The dollar amount the credit, or interest, will cost you over the term of the finance agreement.

Net Trade Allowance - The difference between the Trade-In Allowance and the Trade-In Payoff which is being applied towards the purchase of the new vehicle.

Security Interest - The lien held by the financial institution on the financed vehicle.

Trade-In Allowance - The agreed upon value of the vehicle being traded-in towards the purchase of a new car.

Trade-In Payoff - The payoff to the lender that currently finances the vehicle being used for trade-in.

Total of Payments - The total amount of your monthly payments over the term of the finance agreement.

Total Sales Price - The total cost of your purchase, including the Amount Financed, Finance Charge, and any down payment.