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TFS Release Notes
TFS Release Notes
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TFS 21397
Maclease calculate their brokerage and residuals in a different way to other lenders;

  • Their brokerage is calculated on the (COGs-Deposit)  excluding the financed fees. TFS Calculation of brokerage includes the financed fees.
  • The Balloon is shown as 30% of the total cost of goods.  TFS is calculating the balloon as 30% of the amount financed excluding brokerage

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To cater for this there are two new options on the Financier setup screen.

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Brokerage % Calcs Meth

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There are two options available. By default it will be set to the standard Amount Financed Excluding Brokerage. For Maclease you can set this to COGs Less Deposit.

Residual % Calcs Meth

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There are two options available. By default it will be set to the standard Amount Financed Excluding Brokerage. For Maclease you can set this to COGs.