Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

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

...

Loan Amount ($) = (Install Cost ($) - Installer Paid Rebates ($) -Upfront Payment ($)+ Dealer Fee ($)

Dealer fees are calculated as a percentage of the loan amount (not of the install cost), as a result:

Loan Amount ($) = (Install Cost ($) - Installer Paid Rebates ($) - Installer Paid Rebates Upfront Payment ($)) + Dealer Fee (%) x Loan Amount ($)

...

Loan Amount ($) = (Install Cost ($)- Installer Paid Rebates ($) - Upfront Payment ($)) / (1 - Dealer Fee (%))

Example

...