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The amount you paid for your Subaru includes the amount you borrowed to buy it. So if the sales price was $27000, that's what you paid for it. You paid for it partly with cash and partly with a loan. But you paid $27,000 no matter how much you borrowed.
The value of the car on the day you started using it is the market or Blue Book value on that date. Again, it doesn't matter how much you borrowed. Your cost for the car is Cash + Loan, and the amount is on the Sales Contract.
The amount you paid for your Subaru includes the amount you borrowed to buy it. So if the sales price was $27000, that's what you paid for it. You paid for it partly with cash and partly with a loan. But you paid $27,000 no matter how much you borrowed.
The value of the car on the day you started using it is the market or Blue Book value on that date. Again, it doesn't matter how much you borrowed. Your cost for the car is Cash + Loan, and the amount is on the Sales Contract.
So glad I could help!
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