A new finance tool developed by Nissan has been launched to help investors make informed choices about financing options.
The new Finance Calculator, which launches this week, was designed by Nissan finance chief Tom Hwang and Nissan finance head Nick Wohl.
Hwang, who also helped design the company’s new Leaf sedan, said the calculator is designed to help consumers understand the different ways they can use the company credit cards and credit unions.
“When you look at how much you can borrow and how much interest you can get, it’s pretty important to understand how much they’re charging you,” he said.
“We wanted to make sure that we didn’t get confused, that we were looking at all the different options available.”
Nissan has been working with credit unions to make the finance calculator more intuitive for investors.
It was created to help with finance and loan applications and provides more information about the loan terms.
The finance calculator is a product of the Financial Innovation Group (FIG), a research institute led by Nissan that is working to improve financial education and services for consumers.FIG CEO and chief innovation officer David Stadler said the new calculator will make the financial system more accessible to investors.
“Nissan’s finance calculator will help investors understand the options available to them and how they can leverage those options to better manage their finances,” Stadlers said.
Nissan said it had about 7 million finance applications in its database at the end of September.
The Finance Calculator is available in English, Spanish and Mandarin.