This form is part of the sequence of forms for creating a new vehicle quotation. See the New Vehicles section for instructions and general tips on this process. It can also be accessed by selecting Finance company from the Edit menu of the Enquiry Builder.
This form is not displayed if only one finance scheme was selected on the previous form.
The Basic estimate details are displayed at the top of the form, containing a price breakdown of the quotation as currently specified. This is provided for your information and cannot be edited. The Total price (excluding VAT), the VAT, the Total purchase price (including VAT), Trade-in allowance and Finance Settlement (outstanding finance on trade-ins) combine to make up the Balance displayed in red.
Up to three finance schemes, as selected on the previous form, are displayed in a grid below the basic estimate details.
To select the desired finance scheme, left-click on the column header where the schemes code is displayed. The whole column will be highlighted. Then click the Next button to add the scheme to the current quotation.
The leftmost column contains labels for the elements of the schemes whose figures are displayed in the other columns, as described below. The values displayed are defined for each scheme in the Finance maintenance form. However some can be amended by clicking on the value you wish to change. The value of a particular element of all schemes can be set by clicking on the label in the leftmost column.
Modifications are subject to restrictions set up for each scheme in the Finance maintenance form. The system recalculates payments accordingly and displays the results immediately.
Deposit: The cash amount paid as part payment for the vehicle. This value can be edited.
Amount financed: The balance of the total price of the vehicle less the cash deposit to be paid. This value cannot be edited.
Sale code: This element contains both the interest rate and base rate, separated by a / character and disguised by being multiplied by 100 (e.g. if 600/457 were displayed this would mean an interest rate of 6% and a base rate of 4.57%). The interest rate can be edited.
Period of loan: In months. This value can be edited.
First Payment: The amount of the first payment. This value can be edited. After a new figure is entered the RollBack Results form is displayed.
Followed by: The equal monthly payments. This value can be edited. After a new figure is entered the RollBack Results form is displayed.
Final Payment: The payment amount to be made at the end of the loan period. This value can be edited. After a new figure is entered the RollBack Results form is displayed.
Residual\Balloon: Residual value or balloon payments at end of the loan period. This value can be edited. A form is displayed with two fields, one for entering a value and the other for alternatively entering the equivalent percentage.
Included PP amount: Personal protection amount. This value can be reset to zero by clicking on the value in the grid.
Mileage allowance: Determines the residual value of the vehicle. This value can be edited. A warning is displayed if the mileage entered does not match a valid mileage increment (e.g. 12000, 24000, 36000, etc.)
Excess mileage: The additional charge for exceeding the mileage allowance above. This value cannot be edited.
Finance charge: Finance charge held in finance scheme. This value cannot be edited.
Insurance: Insurance charge held in finance scheme. This value cannot be edited.
Maintenance: Maintenance held in finance scheme. This value cannot be edited.
Nominal Codes: Displays the same information as the profit status bar.
The RollBack Results form is displayed after certain elements of a finance scheme are edited, as described above. It displays the implications of the change if the recalculation modifies either the period of the loan or the payment terms. Select which modification you would like to apply by clicking on the appropriate line then clicking OK. Alternatively, select Current details to abandon the changes.
