The Truth In Lending (TIL) disclosure shows the cost of your credit, including your Annual Percentage Rate (APR) and the amount financed. If the “Amount Financed” is higher than the loan amount you chose when you first applied, it’s because it includes the interest that has accrued on your existing loan since your last payment. That amount also includes your state's DMV fee to transfer your title from your previous lender to us.
After we’ve reviewed your application and if you’re approved, you’ll need to sign your TIL disclosure to accept your loan terms. The quicker you do, the sooner we can finish processing your application and paying off your current lender.