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Compare the whole deal,
not just the payment.
Print these worksheets before you shop or negotiate. They keep price, financing, trade equity, taxes, fees, and optional products visible in one place.
Car-buying resource package
Collect the buyer’s order and actual financing offers. Use the checklist and three-offer sheet below, then compare the whole cost—not only payment.
Rate versus rebateLoad a fictional equal-term comparison. Replaces current inputs.Complete purchase paymentAdd your taxes, trade, title fees and optional products.Longer-term tradeoffInspect a reproducible payment and interest comparison.
Resources may be linked by educators and publishers. No sponsorship, backlink exchange, account or endorsement is required.
Land-financing review sheet
Keep these inputs beside the lender’s term sheet. A manageable payment does not fund the balloon payoff.
| Term-sheet detail | Verified value / source |
|---|---|
| Purchase price | |
| Cash down payment | |
| Loan principal | |
| Annual interest rate | |
| Amortization years | |
| Maturity / balloon date | |
| Balloon estimate | |
| Closing and survey costs | |
| Utility / access / site-work budget | |
| Cash reserve after closing | |
| Payoff or refinance plan |
Example links replace current inputs. Neither model assesses eligibility, future refinancing availability or local land-development requirements. Verify against the lender’s documents and relevant professionals.
CFPB: understanding balloon paymentsPayment relief has an interest cost
Same $35,000 principal and 7.5% nominal annual rate; no fees or tax. The bars compare modeled total interest—not risk or loan quality.
| Term | Monthly principal & interest | Total interest | Total repayment |
|---|---|---|---|
| 48 months | $846.26 | $5620.56 | $40620.56 |
| 60 months | $701.33 | $7079.69 | $42079.69 |
| 72 months | $605.15 | $8571.08 | $43571.08 |
Method: standard monthly amortization, calculated by Sumvoro’s published loan engine. These are illustrative assumptions, not available lender offers.
Worksheet 01
Buyer’s-order checklist
Match every number below to the buyer’s order before signing.
- Selling price matches the negotiated price
- Rebates and discounts are itemized
- Trade allowance and payoff are separate
- Tax rate and taxable amount are visible
- Title, registration, DMV, and documentation fees are itemized
- Warranty and optional products are clearly marked
- Amount financed matches the final contract
- APR, term, payment, and first due date are correct
- No optional product was added without approval
- A complete signed copy is provided
Worksheet 02
Three-offer loan comparison
Enter the same deal assumptions for every offer. A lower payment can hide a longer, more expensive loan.
| Deal detail | Offer A | Offer B | Offer C |
|---|---|---|---|
| Vehicle price | |||
| Trade-in allowance | |||
| Trade payoff | |||
| Cash down payment | |||
| Sales-tax rate | |||
| Title / registration / DMV | |||
| Dealer documentation fee | |||
| Warranty / service contract | |||
| APR | |||
| Loan term | |||
| Monthly payment | |||
| Total interest | |||
| Total amount paid |