The car loan amount is calculated by subtracting your down payment and trade-in equity from the vehicle price. Taxes and fees, if included, are added to the loan.
When you include taxes and fees, these extra costs are either added to your loan balance or paid upfront, depending on your selection.
Yes, if you choose to include taxes and fees, they will be added to your financed amount.
Trade-in equity is the difference between your trade-in's appraised value and the amount owed on it. This equity can help lower your loan amount.