The APR Edit box automatically calculates suggested changes to the constituent elements of a Personal Contract Purchase quotation in order to establish the required annual percentage rate (APR).
This form is accessed by selecting Edit APR from the Tools Menu within the primary Quotations form.
In addition to displaying the form name the Title Bar provides a number of useful buttons.
In order to calculate the required APR it is necessary to bring into play the following fields:
Displays as a default the current APR value. Allows the input of the required APR value to be calculated. The Suggest command button is then used for the system to calculate suggested values for the following fields in order to arrive at the required APR value.
- Derived APR
Displays the nearest-match (derived) APR to the Required APR that the system can calculate.
- New Contract Profit
The suggested new contract profit value.
- New Initial Rental
The suggested new initial rental value.
- New Regular Rental
The suggested new regular rental value.
The Command Buttons in the APR Edit form function as follows:
Following entry of the Required APR this button is used to calculate new values for the above fields.
Accepts the new suggested values and returns them to the primary Quotations form.
Rejects the new suggested values and returns to the primary Quotations form retaining the original values.
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