Hnew average inventory formula8/24/2023 ![]() The importance of inventory management and how to calculate it can’t be understated. “Consumers who are paying large amounts of finance charges could be in jeopardy of falling into a negative equity trap, so it’s critical to come to the table with a comprehensive budget and a feel for the financing elements of a car purchase beyond the monthly payment, including the APR.Average Inventory Explained: Calculation Formula & Examples “There are better ways and worse ways to spend $1,000 per month on a car note,” Drury said. For example, on a typical $40,000 loan, consumers with a 2.9% APR over 36 months can expect to save $8,500 in finance charges compared with those with a 7.9% APR over 72 months, Edmunds said. The shorter terms will save money in the long run.
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