How is a finance quote generated?

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This topic contains 1 reply, has 1 voice, and was last updated by Stuart Masson Stuart Masson 3 years, 5 months ago.

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  • #82848 Reply
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    Nick Maddren

    Hello, I am a web developer and I am just wondering how exactly a finance quote is generated? For example I have a client who would like finance quotes on vehicles to display, so far I have been told it’s based on Age, Mileage, Price, Duration and APR.

    The issue I am having is actually creating quotes on the vehicles as I don’t know what formula makes the overall monthly price?

    Is there a National formula for this that will give customers a general idea of what they will be paying?

    Any info into this would really help, thanks.

  • #82852 Reply
    Stuart Masson
    Stuart Masson
    Keymaster

    Hi Nick. The finance company will take many factors into account to generate a monthly payment.

    Most similar things I have seen are basic form templates, where the client inputs the required numbers for each field and then prints the quote to put into the vehicle.

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