Leasing Tab

Determines at what amount of existing mileage on the vehicle is allowed before automatically adjusting the residual value by the amount specified in #7.

Default excess mileage charge disclosed on the contract.

Purchase option fee disclosed on the contract.

If checked the mileage adjustments in #1 and #7 will start from zero. For instance if there are 600 miles on the vehicle and the OD Over is set to 500 and the miles from zero check box is checked the residual would be adjusted for the full 600 miles. If unchecked the residual would be adjusted for 100 miles.

Default acquisition fee charged.

Default origination fee charged.

Determines the amount per mile charged on existing vehicle miles.

If checked the acquisition fee will be included in the cap cost.

Default termination fee disclosed on the contract.

If checked Ford lease calculations will be used.

If checked GM lease calculations will be used.

If checked Chrysler lease, also known as money factor calculations will be used.

Default security deposit disclosed on the contract.

 

 

If checked the residual will be calculated based on a percentage entered on the screen.