What does "cash or loan amount paid with trade-in" mean?

kellbreen · ‎June 4, 2019

TomD8 · ‎June 4, 2019

If you buy a new car for $30,000, and you're given $5,000 for your trade-in, then your "cash or loan amount" is $25,000. It's the amount you have to pay after subtracting the value of your trade-in.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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TomD8 · ‎June 4, 2019

If you buy a new car for $30,000, and you're given $5,000 for your trade-in, then your "cash or loan amount" is $25,000. It's the amount you have to pay after subtracting the value of your trade-in.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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What does "cash or loan amount paid with trade-in" mean?