Contents
- Index
Lease Buyout Schedule
Main Menu - Lease - Buyout Schedule
Purpose
To provide a buyout schedule for a lease.
Layout / How To
The lease buyout is used for those customers that have a built-in profit in each payment, and you want a payoff quote to include all remaining profit on the lease. If you use depreciation to determine your payoffs, then do not use this screen.
The Profit Per Each Term field is the periodic profit on each payment. You need to enter this amount as ALMSys will not attempt to determine what it is supposed to be.
Optionally, you may have remaining interest from the amortization be included in the calculations. This check box turn this option on for ALL deals, not just the one you are viewing.
Calculations
The first line of the grid is populated with the net lease capitalized cost and the total profit to be collected over the life of the lease.
All lines after that run on a payment due-to-payment due calculation.
Column values are as follows:
Principal Balance. The current amortization balance of the lease after this term's lease payment has been made.
Profit. The remaining profit after this term's lease payment has been made.
Sub Total. Principal Balance plus Profit.
Tax. The calculated sales tax, based on the Sub Total and the current tax rate on the lease.
Buyout. Sub Total plus Tax.
Reports
Lease Buyout Schedule