FinLease

FinLease is an advanced lease calculator that enables you to set up and calculate complex leases quickly and easily. Its flexible options let you structure a lease in such a way that almost any situation can be covered.

General

• user entered first payment date
• compounding frequencies ranging from annually to daily
• payment frequencies ranging from annually to weekly
• points

General options

• choose from six different day count conventions
• specify end of month adjustments
• choose from four different rounding options

Payment options

• one, two, three advance payments, no advance payment, or a percentage of equipment cost as advance payment
• up to 12 groups of 12 step up payments, either as a percentage of regular payments, a fixed amount or interest only
• seasonal payments for up to 6 non-consecutive months as a percentage of regular payments, a fixed amount or interest only
• up to 12 groups of 12 step down payments, either as a percentage of regular payments, a fixed amount or interest only
• residual payment, either as a percentage of equipment cost or as a fixed amount, occuring on the normal end date, on the last payment date or one month after the last payment date

What is new in this release:

- added the APR information to the Details
- fixed an initialisation issue in the "Normal" and "US Rule" modes
- removed adjustment for the last payment