Texas Motor Vehicle Installment Contract – Sales Tax Advanced – Rule of 78

Sum of Periodic Balances

Rule of 78

This installment contract is designed for the financing of retail motor vehicle sales where the payments are collected monthly. The refunding method used in this contract is the Sum of Periodic Balances (Rule of 78.)

This contract cannot be used for weekly or bi-weekly payments

This is a Sales Tax Advanced contract

Not for financing the sale of motorcycles, boats or trailers