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2015-08-17
Affordable, reliable, and flexible with changes. Could use a little more explaining to become more user friendly without having to get technical assistance all the time.
2017-08-14
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2019-01-11
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The emailing feature doesn't seem to work all the time
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Filling out forms, legal docs, etc. I am in a form dominated industry and this saves me a ton of time.
The ease of uploading docs and working with them .
What do you dislike?
The emailing feature doesn't seem to work all the time
Recommendations to others considering the product:
Please give this product a shot. You won't be sorry. It will simplify your life in a way you could never imagine.
What problems are you solving with the product? What benefits have you realized?
Filling out forms, legal docs, etc. I am in a form dominated industry and this saves me a ton of time.
2018-12-31
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I love the features and ability to make quick work of my duties.
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I love the features and ability to make quick work of my duties.
What do you dislike?
Needs more available form templates for agreements.
What problems are you solving with the product? What benefits have you realized?
Editing and fax are awesome!
2019-05-28
The product solved my problem and I got…
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2022-02-23
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2021-02-03
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2020-08-19
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2020-04-21
Set Up Equation Lease Feature
The Set Up Equation Lease feature streamlines your leasing process, making it easy to manage calculations and agreements. With this tool, you can simplify complex leasing scenarios while ensuring accuracy in your operations.
Key Features
Automated calculation of lease terms and payments
Customizable templates for various lease types
Integration with existing financial systems
User-friendly interface for easy navigation
Real-time updates and notifications
Potential Use Cases and Benefits
Landlords can automate their lease calculations, saving time and reducing errors
Property managers can streamline tenant onboarding with quick lease setups
Businesses can manage multiple lease agreements seamlessly
Accountants can ensure financial accuracy with integrated calculations
Real estate firms can enhance client satisfaction with precise lease terms
By using the Set Up Equation Lease feature, you can tackle common leasing challenges. Whether you deal with multiple properties, complicated payment structures, or frequent updates, this feature provides a reliable solution. You gain confidence in your leasing process, allowing you to focus on growing your business rather than managing paperwork.
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Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
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How is a lease payment calculated?
Identify the number of the monthly payments on the lease. Then subtract the residual value from the net capitalized cost. Divide the resulting number by the number of payments. The result is the depreciation portion of the lease payment. For example, you lease a new car for three years.
How is a lease money factor calculated?
Depreciation.
Interest.
Tax.
How is lease money factor calculated?
Depreciation.
Interest.
Tax.
What is a good lease money factor?
The lower the money factor, the lower the lease payment, and the better the deal. Currently, new-car interest rates, according to Bankrate.com, are about 4.0% which translates to a lease money factor of .0017 (divide interest rate by 2400). A lease deal with a money factor of less than .0017 is a good deal.
Can you negotiate the money factor in a lease?
If that is not the case, negotiate on the purchase price the cap costs if you were going to buy the car for cash. Negotiate the interest rate (money factor) on the lease to a level appropriate to current market interest rates. ... Understand what the residual value of the vehicle has been set at in the lease contract.
How is lease residual value calculated?
The lower the percentage, the lower your monthly lease payments will be and the higher the residual value will be at the end of the lease. Multiply the MSRP by the residual value percentage rate. For instance, if the car's MSRP is $22,000 and the residual value is 50 percent, then 22,000 × 0.5 = 11,000.
What is rent charge on a lease?
Your Rent Charge (or Finance Fee) is the cost you pay to your leasing company for the use of the money that purchased the car. If you took out a loan, you would pay this in the form of a straight interest payment.
How is rent charge calculated on a lease?
If the dealer provides a “rent charge” or “lease charge,” add the residual value to the net capitalized cost. Then multiply that total by the number of months in the lease term. Divide the rent charge or lease charge by this number to compute the money factor.
What is a rent charge on a leased vehicle?
Definition. Your vehicle rent charge is what you pay for the right to spread out your payments. Rent charges are similar to the concept of interest charges on a car purchase. For instance, a $500 car payment may comprise $450 of principal and $50 of interest.
What is lease charge mean?
Lease Fee Law and Legal Definition. Lease fee is defined as an ownership interest held by a landlord with the right of use and occupancy conveyed by lease to others; usually consists of the right to receive rent and the right to repossession at the termination of lease.
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