Amount owed on Trade-In
The outstanding loan amount on your current vehicle. This helps determine the amount of your total down payment.

Down Payment
The money paid to make up the difference between the purchase price and loan amount.

Interest rate/APR
The annual rate of interest on the loan, expressed as a percentage of 100.

Length of loan
The time allowed to repay the entire loan. Typical auto loan lengths are 36, 48 and 60 months.

Price of vehicle
The agreed upon purchase amount of the vehicle.

Sales tax
Typically a percentage of the In Washington State, sales tax is 8.6%. Oregon does not have a sales tax.

Trade-In value
The approximate value of your current vehicle. Trade-in values are subject to inspection by a dealer and vary based on overall vehicle condition. To get an estimate of your vehicle's trade-in value, check in with Kelley Blue Book.