Simple Interest. The Receivable provides for level monthly payments in U.S. dollars that fully amortize the Amount Financed by its stated maturity and yield interest at the Annual Percentage Rate and applies a simple interest method of allocating a fixed payment to principal and interest.
Appears in 66 contracts
Sources: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2026-A), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2026-A), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2025-C)