Accessed via Contract Review and selection of the Finance Tab.
Selection of the Finance Tab enables the review of the constituent parts of the finance funding agreement and accumulates the repayment total and to-date figures. This form is not populated if no funding agreement is in place for the selected contract.
This data is retrievable from the FU.agree and FU.allog files.
The Finance Tab Dialogue Box contains the following fields:
Consists of two fields. The first field, if applicable, contains the finance house code (e.g. UDT) for the finance house that is funding the agreement. If the agreement is not funded then this field is left blank.
The second field contains the full free-format textual description for the Finance House name e.g. UDT Finance.
The formal reference number given by the finance house. The Agreement Reference is linked to the Internal Reference number within the Finance Agreements form.
The internal reference number for the funding agreement. This is normally the vehicle registration number.
The date at which the repayments to the Finance House are to start. (This may be different from the start date of the vehicle agreement with the customer.) This value defaults in from the Start Date within the Finance Agreement.
The period over which the repayments are to be made to the Finance House. This is usually stored as months and is calculated and defaults-in from the Finance Schedule field within the Finance Agreement.
The remaining number of periods over which to make repayments.
This is the value of the actual capital being financed less the balloon value. The capital cost of the vehicle and all extras (and RFL if capitalised). This also includes any bonus used in the quotation calculation less any discounts on the vehicle and extras. Less any deposit that may have been paid.
The period value of the capital repayment. This is calculated as a straight line value i.e. the Capital value divided by the Term of the agreement which in turn is calculated from the finance repayment schedule.
The total actual interest to be paid to the finance house (this may be taken from the finance agreement document) for the selected vehicle agreement.
The period value of the interest repayment. This is calculated as a straight line value i.e. the Interest value divided by the Term of the agreement which in turn is calculated from the finance repayment schedule.
The total repayment value i.e. the Capital plus the Interest.
The period value of the total repayment amount. This is calculated as a straight line value i.e. the Repayment value divided by the Term of the agreement which in turn is calculated from the finance repayment schedule.
The agreed settlement value that is obtained from the finance house.
The date on which the settlement is to take place.
This is the value of the actual capital being financed less the balloon value. The capital cost of the vehicle and all extras (and RFL if capitalised). This also includes any bonus used in the quotation calculation less any discounts on the vehicle and extras. Less any deposit that may have been paid.
Postings made to date for the capital element of the finance
The Capital Total value less the Capital To-date i.e. the remaining balance to be paid
The total actual interest to be paid to the finance house (this may be taken from the finance agreement document) for the selected vehicle agreement.
Postings made to date for the interest element of the finance.
The Interest Total value less the Interest To-date i.e. the remaining balance to be paid.
Any advance finance repayment that is made.
Postings made to date for advance finance repayments. The deposit is a one-off payment and, as such, this value is equal to the Deposit Total.
The Deposit Total value less the Deposit To-date i.e. the remaining deposit balance to be paid. The deposit is a one-off payment and, as such, this value should be equal to zero.
The total repayment value i.e. the Total Capital plus the Total Interest less the Total Deposit and Total Balloon values.
The Postings made to date for the total Repayment value.
The Repayment Total value less the Repayment To-date i.e. the remaining balance to be paid.
The final (balloon) repayment to be paid to the finance house.
The field is only populated (with the same value as the Balloon Total) following the final repayment to the finance house
This value is 0 (zero) until the final repayment is made i.e. the balloon value.