Lease dealers
Closed-end leases, written inside the deal.
Set the rate, the residual and the term. The payment, its depreciation and rent charge, and the total of payments come out of the same deal that prints the lease and collects on it.
Everything in the lease
The numbers a closed-end lease needs, in one place.
Rate or money factor
Enter the APR and the money factor is worked out for you, so the rent charge on every payment matches the rate you quoted.
Residual and deposit
Set the residual value and a refundable security deposit, and credit part of the deposit to the first payment if you like.
Sales tax on each payment
Spread sales tax across the payments, or collect all of it at signing.
Mileage allowance
Turn on a mileage limit with the allowance and the charge for each mile over it.
Disposition and early termination
Both fees print in the contract and come back on the statement when the car is returned.
Late fees, added for you
Set the fee and the grace period. Once a payment is late past that, the fee lands on the account.
Contract, addendum and schedule
Print the closed-end lease agreement, its addendum and the payment schedule straight from the deal.
End of lease
When the car comes back, the statement is ready.
Pick the date, enter the miles over the allowance and anything you're keeping from the deposit. The statement adds the disposition fee, the excess mileage and any late fees, credits the payments and the deposit refund, and gives you the amount due.
- Returned early? Choose whether to charge the early termination fee or waive it
- Rent and tax for the months they won't use come off automatically
- Print it and hand it to the customer at the counter
Same as buy here, pay here
Collect lease payments the way you collect everything else.
Lease customers go on the same autopay, show up in the same Collections list and get the same receipts as the rest of your accounts.
- Start an autopay link from the lease terms in one click
- See past-due lease accounts next to the rest of your book
- Log calls and promised payments on every account
A lease is priced like any other deal.
A lease deal is a deal jacket plus its lease contract. There's no monthly fee, and nothing to pay in a month you don't write one.
- per deal jacket
- $2.50
- per deal jacket
- per lease contract
- +$2.50
- per lease contract
- per card payment
- 3.3% + 30¢
- per card payment
Questions about leasing
Do I enter an APR or a money factor?
Enter the APR. The money factor is calculated from it for the payment frequency you choose.
Does it only handle monthly leases?
No. Lease payments can be monthly, weekly or every two weeks.
Does it track the customer's mileage during the lease?
No. You set the mileage allowance and the charge per mile on the contract. When the car comes back, you enter the miles over the allowance and the completion statement adds the charge.