Main Menu - Lease - Calcs
Used to display the original lease or loan calculations and choices made to derive these calculations.
The left column are the calculations. Capitalized costs are add-on costs and non-capitalized costs are due at contract signing. The bottom, right itemizes these costs.
The calculation type is indicated at the top, middle of the screen. Underneath that is the selection of whether the first payment was due on delivery or deferred. Dates are listed on the right.
The Change Lease End Value button will allow you to change the original lease end value for this lease. The payment will not change; the program will simply recalculate the base payment breakdown of principal and interest. If the lease has been extended, the extended lines will be recalculated as well and you will get a new, current end value. This will not work for leases with skips. All billing and payment information will remain unchanged. If you balance by the Payment Distribution Report, you will need to make adjustments based on the new amortization schedule. (Adjustments to principal and interest distribution only.)
The Lease End Date may be changed. Click on the lease end date, input a new end date (within the date range shown), and then accept the change.