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* The consumer has the ability to accurately assess their payment given the entered deal parameters.
* Based on the given input, the decision tool will clearly indicate which option is most advantageous when given the choice between a customer rebate and a subsidized interest rate (a la 0% APR).
* The True Market Value (TMV) tools are integrated into the calculators to assist the consumer in accurately assessing the deal parameters prior to walking on a dealer's lot.
Give it a test drive at: Loan Calculator
This is just the first step in developing towards a comprehensive consumer decision tool that will be include an integrated "Leasing Calculator" and a "Buy Versus Lease" application. They will be truly industry leading. Yes, there are cheap "want to be" versions out there in the marketplace that, in my opinion, do more harm than good based on their over simplicity in logic and lack of integration (and some are downright wrong). The Edmunds version will not only be highly accurate, but it will be the first in the industry to make transparent the better way for a consumer to finance the vehicle (traditional financing versus leasing) as well as highlight the most advantageous term (48 month buy versus 36 month lease) based on sound present value financial analysis. And as one comes to expect from Edmunds, the user interface will be, well user friendly, with the complexity existing behind the scenes. Edmunds.com once again leading the way to making information and the consumer decision making process even more transparent.
Lots more on the way.
You can read the full article here.
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