A dealer rebate, usually not available when you choose low interest dealer financing, combined with credit union financing, can produce a lower initial loan balance, and in many cases, a lower monthly payment. (pmcu.org)
The annual cost of these premiums are calculated as a percentage of the initial loan balance. (valuepenguin.com)
Loan fees are used to adjust the initial loan balance so that the borrower nets the same amount after the fees are deducted. (finaid.org)