Residual calculations for Macquarie

TFS 20075

Macquarie do their calculations slightly different to other lenders;

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

There are two new fields on the calculations dialog screens.

To configure the financier to use these settings follow the instructions below;

Brokerage % Calcs Meth

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

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.