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 entering the down payment percent % and interest on credit sales as well as financing period, this model in mainly used by all industries related light and heavy equipment (trading and manufacturing) such as cars, trucks, generators, excavators, rollers, drilling machines, dumpers, and all heavy equipment related to construction and mining industries,
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
Conclusion and customization
This is a highly versatile, very sophisticated financial model template, and is also user-friendly.
