Down Payment Discrepancy Audit
Angel Motors Inc
| Parameter | Online Estimator | Actual Proposal | Discrepancy |
|---|---|---|---|
| Unit Price | $0 | $0 | $0 |
| Trade-In Value | $0 | $0 | $0 |
| Loan Balance on Trade | $0 | $0 | $0 |
| Net Trade-In Equity | $0 | $0 | $0 |
| Down Payment | $0 (0%) | $0 | $0 |
| Implied Loan Amount | $0 | $0 | $0 |
| Loan Term | 60 months | 60 months | - |
| APR | 6.79% | 6.79% | - |
| Est. Monthly Payment | $0/mo | $0/mo | $0/mo |
Subtract the "Loan Balance on Trade" from the "Trade-In Value". If the result is negative or zero, the trade-in contributes $0 toward reducing the vehicle price.
Since the loan balance on trade is equal to or greater than the trade-in value, there is no positive equity. The trade-in contributes $0 toward reducing the vehicle price.
Calculate the implied loan amount the online estimator is using: [Unit Price] - [Net Trade-In Equity] - [Estimator Down Payment] = [Estimator Loan Amount]
Compare the configured online "Estimator Down Payment" to the customer's "Actual Cash Down" payment to find the down payment balance discrepancy:
The cash down payment matches the estimate exactly.
Determine if the Missing Down Payment Balance is rolled into the actual loan, compute the new true loan amount, and analyze monthly payment impacts:
The actual cash down payment matches the estimator setup. There is no missing down payment balance to roll into the loan.
The monthly payment remains at $0/mo for the 60 month term at 6.79% APR.
This is an estimate. Final terms are subject to dealer and lender approval and do not include title, tax, or licensing fees. Calculations are based on amortized monthly calculations.