- 11 November 2015 at 2:52 pm #82848
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.
- 11 November 2015 at 8:46 pm #82852
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.