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.

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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

The fixed payments provided for are sufficient to fully amortize the Amount Financed by maturity and pay finance charges at the Annual Percentage Rate over the original term of the Receivable.
The Servicer shall not agree to any alteration of the interest rate on any Receivable and shall not agree to waive the repayment of the Amount Financed, or any portion thereof, on a Receivable.
Since the Cutoff Date no provision of any such Receivable has been waived, altered or modified in any respect, except to the extent set forth in the related Receivable File; provided that no such modification has increased the number of originally scheduled due dates or the Amount Financed of the related Receivable.
For each of the Receivables, reviewed the receivable file for any indication that such Receivable had been waived, altered, or modified in any respect between the Cutoff Date and the Closing Date except to the extent set forth in the receivable file; provided that no such modification has increased the number of originally scheduled due dates or the Amount Financed.

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 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 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 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.