Definition In terms of the Truth in Lending Act, the amount financed is the entire loan amount minus all lender fees, which are paid at closing (known as "prepaid finance charges"). For exam [..]

means, for a receivable, the aggregate amount advanced toward the purchase price of the financed vehicle, including accessories, insurance premiums, service and warranty contracts and other items customarily financed as part of retail automobile instalment sale contracts and purchase money loans and related costs less: (1) (A) in the case of a Sche [..]

This is the amount of money that is borrowed by a consumer for the purpose of financing a vehicle. The Amount Financed is almost always equal to the Adjusted Capitalized Cost.

The agreed upon sale price of the equipment, plus any charges for taxes, pre-delivery costs, fees, freight, less any deposit payment and/or net trade-in value. This is the amount that is subject to fi [..]

The portion of the purchase price that is actually financed. In addition to the cost of the car, it can include the costs of an extended warranty, credit life insurance, and other items rolled into th [..]

The amount of credit provided by the financial institution.

The dollar amount of the credit that is provided to the buyer.

Total facility granted to hirer calculated as follows: Cash Price - Deposit + Freight (if any) + Vehicle registration fee (if any) + Insurance premium (for 1 year).