What are the down payment details for the 2021 Volkswagen Lavida installment plan?

1 Answers
MollyAnn
07/30/25 6:43am
The calculation methods for the down payment and monthly installments when purchasing the 2021 Volkswagen Lavida on installment are as follows: 1. Equal Principal Repayment Method: Calculation formula: Monthly installment = (Loan principal ÷ Number of repayment months) + (Principal - Accumulated repaid principal) × Monthly interest rate; The Equal Principal Repayment Method means repaying an equal amount of loan principal each period plus the interest on the remaining unpaid loan principal from the last repayment period to the current repayment period. 2. Equal Installment Repayment Method: Calculation formula: Monthly installment = [Loan principal × Monthly interest rate × (1 + Monthly interest rate)^Number of repayment months] ÷ [(1 + Monthly interest rate)^Number of repayment months - 1]; The Equal Installment Repayment Method means repaying an equal amount of loan principal and interest each period. Additionally, the loan interest to be repaid under the Equal Principal Repayment Method is lower than that under the Equal Installment Repayment Method, but the repayment pressure in the early stages is relatively greater.
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