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(Mr. S's trade-in was sold "AS IS" with no dealer warranty)
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
$ Dealer's Actual Profit = $4,186.77 $
$ ($4836.77 - $650.00) $
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
* FINANCE CHARGES for: Mr. S's Loan
1) Loan Amount : $14085
2) Interest Rate : 10.4 APR
3) Loan Term : 60 mos.
----------------------------------
A) Total Interest Paid : $4,037.74
for: Dealer's Loan
1) Loan Amount : $14085
2) Interest Rate : 9.2 APR
3) Loan Term : 60
-----------------------------------
B) Total Interest Paid : $3,539.97
Dealer Profit On Loan = Amount From (A) - Amount From (B)
= $4,037.74 - $3539.97
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
$ Dealer Profit On Loan = $497.77 $
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
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