April 6, 2007

Car Salesman

For a quick estimate on what your client's payment would be on a standard five year loan with good credit, take the amount the want to finance and double it. The first three digits of the result will be the estimated payment.

For example:

Amount Financed - $10,000

$10,000 X 2 = $20,000

First three digits: 200, or a payment of $200/month.

-- lshamarro

Posted by Matthew at April 6, 2007 10:05 PM