Financing Calculator
The financial calculator allows the user to calculate the EMI ( Equated monthly installment ) based on the given inputs like ‘Loan Amount’, ‘Down Payment,’ ‘Interest rate,’ and ‘Period (Month)’. Once you click on the button, it will give you the EMI. Here financial calculator is a custom widget created by the cardealer theme. You can manage the widget setting from the ( Appearance > Widgets ) section of the admin area. Go to that section, then find the widget named ‘Car Dealer – Financing Calculator.’ assign it on any particular sidebar then you will see the settings of the widget. In the front It will show on the sidebar based on the changes you made in the widget.
This widget contains the following settings:
Param Name | Description |
Title | Enter Title of the widget. |
Description | You can add any instruction or notice regarding the Financial calculation. |
Amount Type | Fixed value work only on the car detail page, The amount will be taken from the car and it will be not changeable. |
Rate (%) | You can set the default interest rate(%) for the calculation. |
Loan Amount Field Label | Using this, you can change the loan amount field label text. |
Down Payment Field Label | Using this, you can change the down payment field label text. |
Interest Rate Field Label | Using this, you can change the Interest rate field label text. |
Loan Period Label | Using this, you can change the loan period label text. |
Estimate Payment Button Label | Using this, you can change the submit button text. |
Here is the sample calculation example:
Vehicle amount : 100,000
Down Payment : 10,000
Interest Rate : 3%
Year Installment : 5 year
Monthly Payment : 1,617
Please see below screenshots: