General overview

The template is constructed to calculate the credit sales for all industries but mainly used for cars, light and heavy equipment

The template helps the user to calculate the interest on the financing amount (selling price – down payment)

This model is very simple to use by simply recording the down payment and interest on credit sales as well as financing period

The template is fully-editable / customizable model

Inputs

Update the general info in the Front Page

Enter the selling price

Enter the current year

Select the month

Enter the down payment %

Enter the interest rate per annum

Select the financing period

Outcome             

Interest amount by month

Total interest

Monthly payment

Loan balance every month

If you have any inquiry please contact us