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The Finance Shop Release Notes
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 .
To cater for this there are two new options on the Financier setup screen.
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.