Using the Lease Options Tab

Click the Lease Options tab to bring it forward.

Click [Add Lease Option] to open the Add Lease Option window.

In the Term field, use the drop-down menu icon to select the lease term you want to use for this sales quote. The following fields populate with the appropriate lease information. If your admin has granted permission to manually enter leasing terms, the Manual Entry option is available in the Term field and you may enter the appropriate information in the following fields:

Duration: XX months: Duration of the lease in months.

Lease factor: Enter the decimal amount that yields the monthly payment the customer must make. The Lease Factor is provided by the leasing company. The formula by which the lease factor works is:
    Total Purchase Price * Lease Factor = Monthly Payment (over term of lease)

Purchase option: Conditions for purchasing equipment at the end of the lease, defined by leasing company.

Lease company: Name of the leasing company to use for this sales quote.

Click [OK] to add the lease option.

If you want to include the cost of buying out the rest of the customer’s previous lease, do the following:

Check the Include buyout checkbox.

In the adjacent field that becomes active, enter the buyout amount.

When you tab off this field, the system displays a "Confirm Price Adjustment" window.  Click [Yes] to confirm the adjustment.

If you want the system to distribute the buyout amount to the prices of the items on the equipment that can be automatically adjusted, check the Wrap Buyout into Equipment Price checkbox.

When you check this box, the system displays a "Confirm Price Adjustment" window.  Click [Yes] to confirm the adjustment.

From the lease options you have added to the sales quote, choose the option for which you want to view the monthly lease payment by selecting the radio button in the Select column of the desired lease option.

You must now select which items you want included in the selected lease. Digital Quote Manager automatically calculates the lease option payment as you select items. The Items on lease region is where you decide which items you want included on the lease. The Items on lease region lists the item, the CItem number assigned to the configured item at the time the administrator creates the item configuration, the quantity of the item, and the item amount. The CItem number is a number that references the item configuration helping you identify which configuration you are looking at while you are working on the different tabs.
To select the items you want included on the lease option, do one of the following:

To add all items to the lease option selected, check the Select all checkbox.

To add specific items to the lease option selected, check the checkbox in the Selected columns of the items you want on the lease.

The monthly lease payment is automatically calculated and displays in the Payment Summary box of the Lease Options tab. You may edit the monthly lease payment so that you may adjust the payment to fit your customer's needs. When you adjust the monthly lease payment amount, Digital Quote Manager automatically adjusts the item prices equally for all items on the lease option. Adjusting the monthly lease payment does not affect the service payment. To adjust the monthly lease payment, do the following:

In the Lease Payment field of the Payment Summary region, enter the desired lease payment amount.

Press enter or tab out of the Lease Payment field. The Confirm Price Adjustment window displays.

Click [Yes] to confirm you want to adjust the lease payment to the amount you entered.

If you want to print a list of the items on the lease, click [Print Items on Lease] to open the Preview window. Use the controls in the Preview window to select how you want to print the items. See List of Items on the Lease under the Printing, emailing, & Exporting heading.

From the region where the list options are listed right-click on the lease option you want to edit and select [Edit...]. The Edit Lease Option window displays.

Make the appropriate changes in the following fields:

Term: Use the drop-down menu to select the lease term you want to use for this sales quote. The fields populate with the appropriate lease information.

Duration: XX months: Duration of the lease in months.

Lease factor: Enter the decimal amount that yields the monthly payment the customer must make. The Lease Factor is provided by the leasing company. The formula by which the lease factor works is:
Total Purchase Price * Lease Factor = Monthly Payment (over term of lease)

Purchase option: Conditions for purchasing equipment at the end of the lease, defined by leasing company.

Lease company: Name of the leasing company to use for this sales quote.

From the region where the list options are listed right-click on the lease option you want to remove and select [Remove...]. The Remove Lease Term window displays.

Click [Yes] to remove the least option.

The Payment Summary region on the Lease Options tab gives you a breakdown of the lease option payment. As you select different lease options and the items you want under those lease options, the system updates the Payment Summary region when applicable. This process allows you to see different lease option scenarios for different items on the sales quote.  The Payment Summary region lists the following information:

Suggested Price

Lease Items Price Percentage and Amount

Purchase Option

Lease Duration (in months)

Lease Payment

Service Payment

Total Monthly Payment
 

On the Lease Options tab you have the ability to print, export, and email the list of items that are assigned to the lease.

To print, email, and/or print a list of items on the lease, do the following:

From the Lease Options tab, click [Print Items on Lease] to open the Preview window.

Once you are in the Preview window, use the controls to complete the appropriate action. For more information see, the Printing, emailing, & Exporting topics.