Excavator installment payment process

The down payment is 20%-50%, and the general bank requires 40%-50%. If you find some financing companies, you can achieve 20% or even lower.

Generally, it will be paid off in 2-5 years, and the monthly repayment depends on how much you borrow.

In principle, the down payment for excavators with installment payment is 30%. If the mortgage is 2 years, 1 month will be changed to about 27,000.

Installment payment:

(1) is mostly used for some products with long production cycle and high cost. Such as complete sets of equipment, large vehicles, heavy mechanical equipment and other products.

(2) Installment payment means that after the import and export contract is signed, the importer pays a small part of the payment to the exporter as a down payment, and most of the rest is paid in installments after part or all of the products are produced and shipped, or after the goods are installed, debugged, invested and quality guaranteed.

(3) The buyer and the seller sign a contract at the time of transaction, and the buyer pays the goods and services to the seller in installments within a certain period of time. The date and amount of each payment are stated in the contract in advance.

When preparing to get married, bring your ID card and photocopy, household registration book, marriage certificate, daughter-in-law and guarantor.

Extended data:

The basic calculation uses the knowledge of sequence: x = a (1+p) m [(1+p) m/n-1]/[(1+p) m-1].

Where A is the principal, P is the monthly interest rate, M is the number of months, N is the number of times, and X is the amount of each repayment. Generally m = n.

Then the interest paid should be: MX-A.

For example, the mortgage is 75,000 years. At this time, a = 70,000, p = 0.oo8m = 60n = 60, and x=? .

Pay interest of 60×? —70000= ........

In installment payment, we should also understand the calculation method of installment payment.

Refer to Baidu Encyclopedia-Excavator