Amount Financed definition
Amount Financed means, with respect to a Receivable, the aggregate amount advanced under such Receivable toward the purchase price of the Financed Vehicle and any related costs, including amounts advanced in respect of accessories, insurance premiums, service contracts, car club and warranty contracts, other items customarily financed as part of motor vehicle retail installment sale contracts or promissory notes, and related costs.
Amount Financed means, with respect to a Receivable, the amount advanced under the Receivable toward the purchase price of the Financed Vehicle and any related costs.
Amount Financed. With respect to a Receivable, the aggregate amount advanced under such Receivable 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 direct purchase money loans and related costs, less:
Examples of Amount Financed in a sentence
In no event shall the Servicer include the amount of the premium in the Amount Financed under the Receivable.
Each Receivable provides for fixed level monthly payments (provided that the first and last payments may be minimally different from the level payment amount) that fully amortize the Amount Financed over the original term, and amortizes using the Simple Interest Method.
More Definitions of Amount Financed
Amount Financed means, for a Receivable, the amount of credit provided to the Obligor for the purchase of the Financed Vehicle, the purchase of service contracts, insurance and similar products, the payment of outstanding balances on turn-in and trade-in vehicles and the payment of other related fees and charges.
Amount Financed in respect of a Receivable means the aggregate amount advanced under such Receivable toward the purchase price of the related Financed Vehicle and any related costs, including but not limited to accessories, insurance premiums, service and warranty contracts and other items customarily financed as part of motor vehicle retail installment sale contracts.
Amount Financed with respect to a Receivable means the amount advanced under such Receivable toward the purchase price of the Financed Equipment, or, in the case of any retail installment loan, the amount advanced to the related Obligor that is secured by Financed Equipment, and any related costs, including any insurance financed thereby.
Amount Financed means the total of the following items to the extent that payment is deferred:
Amount Financed with respect to a Receivable means the amount advanced under such Receivable toward the purchase price of the Financed Equipment, or, in the case of any retail installment loan or consumer installment loan, the amount advanced to the related Obligor that is secured by Financed Equipment, and any related costs, including any insurance financed thereby.
Amount Financed using the dollar amounts in the “Itemization of Amount Financed” section of the Contract and confirm it matches “Amount Financed” in the “Federal Truth-in-Lending Disclosures” box of the Contract. Test 3.3(h) — 6: Total of Payments Observe the “Federal Truth-in-Lending Disclosures” box of the Contract and confirm “Amount Financed” plus “Finance Charge” equals “Total of Payments.”
Amount Financed means, with respect to a Contract, the amount advanced under the Contract toward the purchase price of the related Financed Vehicle and any related costs, exclusive of any amount allocable to the premium of force-placed physical damage insurance covering such Financed Vehicle.