FinLease is an advanced lease calculator that enables you to set up and calculate complex leases quickly and easily. Its flexible options let you structure a lease in such a way that almost any situation can be covered.
Features include:
user entered first payment date
compounding frequencies ranging from annually to daily
payment frequencies ranging from annually to weekly
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FinLease is an advanced lease calculator that enables you to set up and calculate complex leases quickly and easily. Its flexible options let you structure a lease in such a way that almost any situation can be covered.
Features include:
user entered first payment date
compounding frequencies ranging from annually to daily
payment frequencies ranging from annually to weekly
points
choose from six different day count conventions
specify end of month adjustments
choose from four different rounding options
one, two, three advance payments, no advance payment, or a percentage of equipment cost as advance payment
up to 12 groups of 12 step up payments, either as a percentage of regular payments, a fixed amount or interest only
seasonal payments for up to 6 non-consecutive months as a percentage of regular payments, a fixed amount or interest only
up to 12 groups of 12 step down payments, either as a percentage of regular payments, a fixed amount or interest only
residual payment, either as a percentage of equipment cost or as a fixed amount, occuring on the normal end date, on the last payment date or one month after the last payment date