I am looking into PCP finance for a car and I have found estimates where I enter a term and a deposit, and am given a monthly payment for the loan.

Some sites (BMW for example) will let you enter a target monthly payment and term, and they will provide the deposit required to achieve this target. I want to know how this figure can be calculated when the monthly payments, period, balloon payment, and term, are known figures.

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    ifsautoloans.com/car-loan-interest Subtract the balloon payment from the target price, and solve for the down payment. (Who said you'd never need algebra after high school?) – RonJohn Mar 13 at 19:48
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    @BenMiller one line answers are frowned upon. – RonJohn Mar 13 at 20:17
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    @RonJohn Yes, but so are answers in the comments. The solution to avoid posting a one-line answer is not to post it as a comment; instead, you could flesh out your answer a little, or wait until you have time to expand on it, or let someone else answer and then upvote that. Posting a short answer as an answer is better than posting an answer as a comment, for the reasons listed in the meta question. – Ben Miller Mar 13 at 20:20
  • @RonJohn If you add an answer with an example, I'd likely accept it – Adam Chance Mar 13 at 20:27

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