![]() ![]() TValue is the perfect program for these calculations to determine the rate factor and to calculate either the interest rate or yield on the deal. As you can see, there can be numerous variations depending on the variables. Generally, when leasing companies build their lease rate factor matrix, they will do one for different interest rates, for different terms, and for different deal structures. Here is the calculation in TValue 6 with two payments in advance to determine the rate factor. If you factor in residuals, you will change the payments and rate factor again. With one payment in arrears, your payments would be $2,124.70 or a rate factor of. With one payment in advance, your payments would be $2,107.14 or a rate factor of. What is also rare is our staff retention half of the team have worked at Benchmark for at least fifteen years. We have worked with many of them since our inception. With two payments in advance, your payments would be $2,090.09 or a rate factor of. Formerly known as Benchmark Leasing, the Select Car Leasing Eton Office was created around an ethos of working in partnership with our clients, funders and suppliers. We will not factor in a residual for this example to keep it simple. Let’s assume a $100,000 lease at 10% for 60 months with one payment in advance, two payments in advance, and payments in arrears. Here's an example that illustrates how the lease rate factor can change. What about a residual? If you have a residual of 5% or 10% it will also affect the lease rate factor. Do you have a payment or two in advance or do you have payments in arrears? These assumptions will change the payment and thus the lease rate factor. If you wanted to develop a series of lease rate factors, you would create a lease of $100,000 for example, with an interest rate of 10% over 5 years, and then build a matrix based on the deal structures. It is important to understand that the lease rate factor is not an interest rate, but it is derived from the cash flows based on an interest rate or a yield. The lease rate factor is a seemingly simplistic way of getting the payments but it is more complex than it appears. Stated another way, if you multiply the lease rate factor by the cost of the leased equipment, you will determine the regular payment amount. Thank you stephanie.Have you ever been quoted a “lease factor” and you don’t know what it means? A lease rate factor is the regular lease payment as a percentage of the total cost of the leased equipment. This is good customer service and reason i have updated my previous review. Update: stephanie reached out and is having the vehicle towed to look into issues. Update: dealership has reached out to look into the issue. ![]() Thats correct i didnt but my mother did and she doesnt like confrontation so i will leave this review on her behalf considering now we have to find a HONEST mechanic shop that will fix it the right way the first time. Before they try to bash me saying i never bought a car from them, they dont have my name on file. Go to a real dearlership if you can, where things like this would have been caught before putting the vehicle up for sale. Full retail price for vehicles that need alot of work. ![]() Now its time to replace water pump, see if head gasket is blown, and fix the ac that was supposed to be fixed.(all this within 2 months of purchase) Way to cover things up for cash paying customers. ![]() Only reason they received 2 stars and not one is because they did fix one issue on the second attempt. ![]()
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