Payment Info

The Payment Info tab enables you to display and specify the financial terms of the lease agreement.

• Tip: To limit the display of information in the grid and maximize performance, use the filter. You can sort on lease ID, number of months in lease term, and default insurance rate ID.

Detail View Header

The field in the top section of this tab defines the data that displays.

Lease ID

Identifier of the lease agreement currently selected in the grid or that you are defining. For vehicles, this is frequently referred to as a Schedule A. If the ID already exists, the agreement description displays to the right of the ID. This field has a list box.

Detail View

The data in the fields at the bottom section of this tab display and define the payment information. All fields are optional.

Month

Month in which the lease payments are due. This field has a list box.

• ALL (payments are due each month)

• JAN

• FEB

• MAR

• APR

• MAY

• JUN

• JUL

• AUG

• SEP

• OCT

• NOV

• DEC

Default monthly payment amount

Amount of the monthly lease payment. Lease payments consist of three parts: a depreciation fee, a leasing fee, and a sales tax. This amount is used as the default for the equipment unit’s Monthly rent field on the Ownership/Depreciation tab of the Data -> Equipment Units -> Fleet Equipment screen.

Terms

Terms of the payment of the lease, including an early termination charge.