Accessed by way of Fleet Quotations / Quotations and selection of the
icon.
Selection of the Finance Tab enables a review of all the financial data for a quotation.
The Finance Tab contains the following information:
Displays the finance company description (which is set up within Miscellaneous Options / Finance Management / Finance Sources).
Displays the finance company code (which is set up within Miscellaneous Options / Finance Management / Finance Sources).
Displays the finance profile description (which is set up within Miscellaneous Options / Finance Management /Finance Profiles).
Displays the finance profile code (which is set up within Miscellaneous Options / Finance Management /Finance Profiles).
Displays the finance calculation method used within the quotation e.g. DAB (for "Derived A & B Rates).
Displays the total cost of all financed elements within the quotation. (Switches are set within the Calculation Methods Tab within System Maintenance / System Parameters to determine which elements are to be capitalised e.g. VRB, VAT, etc).
Displays the Annual Percentage Rate for the contract if applicable to the selected product type.
The amount being charged by the finance house to fund the vehicle. (i.e. the Quoted Finance value less Depreciation).
The interest amount being charged to fund the vehicle.
The monetary value required to finance the vehicle (i.e. the Quoted Interest plus Depreciation).
The monetary value required to finance the vehicle
A checkbox that when ticked denotes that the finance profile has been edited within the quotation.
Displays two fields. The first field displays the derived "A" rate for financing the capital value. If a Finance Calculation Method Code of DAB (i.e. "Derived A&B Rates" set up in the Finance Sources form) is selected then this rate is derived. It is derived (via a Discounted Cash Flow algorithm) from the interest rate figure that is input into the Rate 1 field in the Finance Profiles interest Rates table within the appropriate band for the vehicle cost. This derived interest value is displayed here.
The second field displays the real "A" rate. If a Finance Calculation Method Code of RAB (i.e. "Rates A&B" set up in the Finance Sources form) is selected then this factor is input directly into the Rate1 field within the Finance Profiles interest Rates table in the appropriate band for the vehicle cost. The real "A" Factor Rate used within the quotation for the capital element of the finance is displayed here. The factor is a rate of money per £1000.
Displays two fields. The first field displays the derived "B" rate for financing the residual value. If a Finance Calculation Method Code of DAB (i.e. "Derived A&B Rates" set up in the Finance Sources form) is selected then this rate is derived. It is derived (via a Discounted Cash Flow algorithm) from the interest rate figure that is input into the Rate 2 field in the Finance Profiles interest Rates table within the appropriate band for the vehicle cost. This derived interest value is displayed here.
The second field displays the real "B" rate. If a Finance Calculation Method Code of RAB (i.e. "Rates A&B" set up in the Finance Sources form) is selected then this factor is input directly into the Rate2 field within the Finance Profiles interest Rates table in the appropriate band for the vehicle cost. The real "B" Factor Rate used within the quotation for the capital element of the finance is displayed here. The factor is a rate of money per £1000.
Displays two fields. The first field contains the Capital Interest Rate used for the funded finance. The second field displays the "A" Factor Rate used for the capital element of the funded finance. The factor is a rate of money per £1000.
Displays two fields. The first field contains the Residual Interest Rate used for the funded finance. The second field displays the "B" Factor Rate used for the residual element of the funded finance. The factor is a rate of money per £1000.