Definitions for "Amount Financed"
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.