More Related Content Similar to FIN104 (Lease Deals) Similar to FIN104 (Lease Deals) (20) FIN104 (Lease Deals)1. Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
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Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
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Session Four: Lease Deals
2. Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
WebEx Basics
Muting/Un-Muting
Text Chat
WebEx Icon Bar
Annotation Tools
3. Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
Training Manager Toolbar
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4. Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
Hands-On Lab Toolbar
• Chat from Hands-On Lab using Notepad
– What happens if you use the in-HOL “chat” feature?
• Where to find the Hands-On Lab toolbar
Return to Hands-On Lab
Training Center “Chat” Feature
5. Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
Lease Deals Objectives
• Start a lease deal
• Identify what information should be entered in each lease
screen
• Mark which options are due on delivery and which
options are capitalized
• Residualize an option at a different rate
• Prepay excess mileage charges
• Perform rollbacks on lease deals
• Use lease-specific rollbacks to negotiate the lease
payment
• Use the Minimizer feature
6. Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
Hands-On Lab
7. Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
Flexible Field Change Codes
1st
Flexible Field Code Item Being Changed
CL Change Lessor
RP Residual Percent
RB Residual Base
F1 – F4 Money Factors
The following only apply to lease deals:
8. Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
Rollbacks
Lease Deals
If equity is greater than DOD (+) Flex Field
Apply extra equity as a cap cost reduction to lower the payment EC
Apply excess equity to gross profit, increase sell price of vehicle ES
If equity is less than DOD (-) Flex Field
Apply the amount owed to dealer participation EP
9. Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
Rollbacks
Lease Deals
To get to a
desired:
Flex Field Payment Amount
*Payment & DOD EZ Desired Payment Desired
DOD
*The difference will always be made up in the selling price of the vehicle.
10. Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
Minimizer
Entry in Minimizer
Field
Result
P - Monthly Payment Any excess equity in the lease deal is
automatically applied as a cap cost
reduction, and the customer’s
payment is reduced
D - Due on Delivery Any excess equity is applied to COD,
only used on Advanced Payment
leases
(space) Minimizer is deactivated
11. Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
Please Stand By
Please stand by…
12. Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
Next Session’s Objectives
Finalizing a Deal & Additional Tools
• Print forms
• Validate the buyer/co-buyer
• Mark a delivery
• Close a deal
• Re-open a deal
• Use display screens to find basic information, financial
data, dates, and comments on deals
• Create several quotes on the screen at the same time
• Create aftermarket/chargeback deals
13. Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
Thank you for attending
Lease Deals
My email address:
My phone number: (800) 999-6348
My extension:
• For questions regarding POWER ‘Net classes please contact the
Software Education Department at sed@reyrey.com.
• For additional information please refer to http://support.reyrey.com and
select the Training menu. Then choose Catalog to see a list of courses
and times.
Editor's Notes Note: If customers dock their local machine’s taskbar on the top or left/right of their screen (rare), the HOL toolbar is automatically moved to the opposite side of their screen. Help customers find the HOL toolbar by looking for the green bar.
Begin application sharing to start chapter 8.
Begin application share to show how to change amounts.
Begin application share to show how to do rollbacks.
Begin application share to finish showing course material.
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