The term used to refer of Sloane's car being valued at $1,950 and her car loan amount of $2600 is called the price of financing. Financing allows for individuals like Sloane to have something they can't truly afford. But in steps the "helpful" finance company who offers to break down the payment into x amount of smaller payments at a small cost of _ % interest. But it's not helpful because Sloane ends up paying more for something valued less.
