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I think you are referring to the principal on a car loan. The principal is the amount actually due on the loan. When you make a monthly payment, the first part of the payment is applied to interest and then to the principal. Example: You have an outstanding balance of $1000 this month at 12% interest, and your payments are $100 per month: From your $100 payment, $10 is for interest, and $90 is applied to the principal.
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