Sighten calculates loan amount from the install cost inserted by the user and the dealer fees set on the product.

Calculation

Loan Amount ($) = Install Cost ($) + Dealer Fee ($)

...

Loan Amount ($) = Install Cost ($) / (1 - Dealer Fee (%))

Example

You create a quote for a Service Finance 6060 21.5-3.99% 18mo IO that has a 15.5% dealer fee.

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That’s the number you’ll find in the proposal (below). All these numbers are rounded where they appear in the UI quote tool and proposal.