FinalFinancingAmounts

Uses the Component:FinancingAmountsType

Estimated Finance amounts.

Fields and Components

Table 6.48. Fields and Components

Name Description Occurrence Type Data Type User Notes
BalanceAmount

Remaining balance on Current Vehicle

0..1Field udt:AmountType  
DownPaymentAmount

Down Payment amount or amount of cap cost reduction.

0..1Field udt:AmountType  
ApprovedAmount

Amount pre-approved

0..1Field udt:AmountType  
GrossAmount

The gross calculated amount of a financial transaction.

0..1Field udt:AmountType  
GrossTradeInAmount

The negotiated value of the trade-in vehicle.

0..1Field udt:AmountType  
MaximumLimitAmount

Maximum Limit Amount for financing

0..1Field udt:AmountType  
MinimumLimitAmount

Minimum Limit Amount for financing

0..1Field udt:AmountType  
PurchasePriceAmount

Purchase Price or Gross Cap cost specified in deal. Total payments at end of purchase

0..1Field udt:AmountType  
ResidualAmount

Remaining residual on current vehicle

0..1Field udt:AmountType  
TradeAllowanceAmount

Trade Allowance is the second component of the negotiated trade vehicle amount, the primary portion being the wholesale amount of the trade vehicle.

0..1Field udt:AmountType  
NetTradeAllowanceAmount

The gross trade-in amount minus the payoff amount.

0..1Field udt:AmountType  
WholesaleValueAmount

Actual wholesale value of a used vehicle.

0..1Field udt:AmountType  
TradeInSalesTaxCreditAmount

Rebate on sales tax previously paid on the vehicle.

0..1Field udt:AmountType  
PriorCreditOrLeaseOwedOnTradeAmount

The balance owed on lease that is being terminated. This balance is amount being financed.

0..1Field udt:AmountType  
FinalAmount

Last month payment amount

0..1Field udt:AmountType  
UpfrontNetTradePayoffAmount

The balance owed on lease that is being terminated. This balance is amount being paid upfront. This is the amount paid upfront to cover negative equity on a trade-in.

0..1Field udt:AmountType  
MonthlySalesTaxExemptionAmount

An sales tax amount that is exempted on a monthly basis.

0..1Field udt:AmountType  
SalesTaxExemptionAmount

An amount that is exempted from a sales tax.

0..1Field udt:AmountType  
SecurityDepositAmount

Security deposit is the amount paid to cover damage, excess mileage or excess wear and tear on a leased vehicle.

0..1Field udt:AmountType  
AnnualAllowedDistanceMeasure

The number of miles, kilometers, etc. allowed annually for a balloon contract.

0..1Field sqdt:LengthMeasureType  
ApprovedEquipmentAmount

Equipment allowed by finance source to be added to the residual value of a vehicle.

0..1Field udt:AmountType  
BasePaymentAmount

Monthly payment amount before dealer add-ons (i.e., does not include fees, taxes, etc.)

0..1Field udt:AmountType  
ContractTermDistanceMeasure

Mileage allowed under terms of contract

0..1Field sqdt:LengthMeasureType  
CostPerDistanceAmount

The cost per mile in excess of the lease agreement.

0..1Field udt:AmountType  
DealerRebateAmount

Dealer Rebate amount.

0..1Field udt:AmountType  
DeferredDownPaymentAmount

Deferred Down Payment amount.

0..1Field udt:AmountType  
ExcessDistanceRateAmount

The rate charged per mile over the annual miles allowed.

0..1Field udt:AmountType  
ExcessPerYearDistanceMeasure

Estimated number of miles above the contracted annual mileage.

0..1Field sqdt:LengthMeasureType  
FinanceChargeAmount

The total interest paid on the contract.

0..1Field udt:AmountType  
InsuranceTotalExtendedWarrantyAmount

Total of life, accidental and health insurance cost/extended warranty cost.

0..1Field udt:AmountType  
LeaseRatePercentage

Percentage used to determine finance cost of a lease.

0..1Field udt:PercentType  
ManufacturerRebateAmount

Manufacturer rebate amount

0..1Field udt:AmountType  
MSRPGuidePercentage

The ration of the amount financed compared to the value of the vehicle identified in a vehicle evaluation guide (EX: Nada Guide)

0..1Field udt:PercentType  
NetAmountFinanced

Total net financed amount after all trade-in, incentives, etc. The total amount of the loan.

0..1Field udt:AmountType  
NetCapitalizedCostAmount

Leasing value derived from the cash selling price.

0..1Field udt:AmountType  
TotalReductionsAmount

Sum of Down Payment, Dealer Rebates, and any other cash payments that reduce the amount financed.

0..1Field udt:AmountType  
Tax

The Tax component represents information about a particular tax including information about the type of tax and the amount of the tax.

0..*ComponentTaxType 
Fee

The Fee component represents the fees associated with the vehicle being financed.

0..*ComponentFeeType 
CreditLifePremiumAmount

Indicates the amount of credit life premium insurance being purchased for the vehicle.

0..1Field udt:AmountType  
DisabilityPremiumAmount

Indicates amount of disability premium insurance being purchased for the vehicle.

0..1Field udt:AmountType  
PaymentAmount

Monthly Payment Amount

0..1Field udt:AmountType  
OtherDownPaymentsGroup

The purpose of the OtherDownPayments component is to group detailed information regarding other downpayment information such as Manufacturer Rebate, Deferred Downpayment, Millitary Rebates, College Rebates, Loyalty Cash, etc. together.

0..1ComponentOtherDownPaymentsGroupType 
DownPaymentPercent

The percentage of the total amount given in cash by the customer to buy the vehicle.

0..1Field udt:PercentType  
FinanceReserve

Amount paid by financial lender to dealer for arranging financing on credit contract.  Note:  this is the dealer’s participation, if lender does not pay 100% finance reserve to the dealer.

0..1Field udt:AmountType  
MSRP

Manufacturer’s Suggested Retail Price for vehicle.  Primary component used for a vehicle’s residual value basis (balloon/lease deal types.)

0..1Field udt:AmountType  
PackageDiscounts

Package discount applied to a lease or balloon deal that affect the total residual for the deal.

0..1Field udt:AmountType  

Sample XML

The XML Sample provided here is an approximation of the generated XML for this component. Not all of the fields are required for implementation.

Example 6.48. FinalFinancingAmounts

<FinalFinancingAmounts>
     <BalanceAmount>......</BalanceAmount>     [0..1]
     <DownPaymentAmount>......</DownPaymentAmount>     [0..1]
     <ApprovedAmount>......</ApprovedAmount>     [0..1]
     <GrossAmount>......</GrossAmount>     [0..1]
     <GrossTradeInAmount>......</GrossTradeInAmount>     [0..1]
     <MaximumLimitAmount>......</MaximumLimitAmount>     [0..1]
     <MinimumLimitAmount>......</MinimumLimitAmount>     [0..1]
     <PurchasePriceAmount>......</PurchasePriceAmount>     [0..1]
     <ResidualAmount>......</ResidualAmount>     [0..1]
     <TradeAllowanceAmount>......</TradeAllowanceAmount>     [0..1]
     <NetTradeAllowanceAmount>......</NetTradeAllowanceAmount>     [0..1]
     <WholesaleValueAmount>......</WholesaleValueAmount>     [0..1]
     <TradeInSalesTaxCreditAmount>......</TradeInSalesTaxCreditAmount>     [0..1]
     <PriorCreditOrLeaseOwedOnTradeAmount>......</PriorCreditOrLeaseOwedOnTradeAmount>     [0..1]
     <FinalAmount>......</FinalAmount>     [0..1]
     <UpfrontNetTradePayoffAmount>......</UpfrontNetTradePayoffAmount>     [0..1]
     <MonthlySalesTaxExemptionAmount>......</MonthlySalesTaxExemptionAmount>     [0..1]
     <SalesTaxExemptionAmount>......</SalesTaxExemptionAmount>     [0..1]
     <SecurityDepositAmount>......</SecurityDepositAmount>     [0..1]
     <AnnualAllowedDistanceMeasure>......</AnnualAllowedDistanceMeasure>     [0..1]
     <ApprovedEquipmentAmount>......</ApprovedEquipmentAmount>     [0..1]
     <BasePaymentAmount>......</BasePaymentAmount>     [0..1]
     <ContractTermDistanceMeasure>......</ContractTermDistanceMeasure>     [0..1]
     <CostPerDistanceAmount>......</CostPerDistanceAmount>     [0..1]
     <DealerRebateAmount>......</DealerRebateAmount>     [0..1]
     <DeferredDownPaymentAmount>......</DeferredDownPaymentAmount>     [0..1]
     <ExcessDistanceRateAmount>......</ExcessDistanceRateAmount>     [0..1]
     <ExcessPerYearDistanceMeasure>......</ExcessPerYearDistanceMeasure>     [0..1]
     <FinanceChargeAmount>......</FinanceChargeAmount>     [0..1]
     <InsuranceTotalExtendedWarrantyAmount>......</InsuranceTotalExtendedWarrantyAmount>     [0..1]
     <LeaseRatePercentage>......</LeaseRatePercentage>     [0..1]
     <ManufacturerRebateAmount>......</ManufacturerRebateAmount>     [0..1]
     <MSRPGuidePercentage>......</MSRPGuidePercentage>     [0..1]
     <NetAmountFinanced>......</NetAmountFinanced>     [0..1]
     <NetCapitalizedCostAmount>......</NetCapitalizedCostAmount>     [0..1]
     <TotalReductionsAmount>......</TotalReductionsAmount>     [0..1]
     <Tax>......</Tax>     [0..*]
     <Fee>......</Fee>     [0..*]
     <CreditLifePremiumAmount>......</CreditLifePremiumAmount>     [0..1]
     <DisabilityPremiumAmount>......</DisabilityPremiumAmount>     [0..1]
     <PaymentAmount>......</PaymentAmount>     [0..1]
     <OtherDownPaymentsGroup>......</OtherDownPaymentsGroup>     [0..1]
     <DownPaymentPercent>......</DownPaymentPercent>     [0..1]
     <FinanceReserve>......</FinanceReserve>     [0..1]
     <MSRP>......</MSRP>     [0..1]
     <PackageDiscounts>......</PackageDiscounts>     [0..1]
</FinalFinancingAmounts>