• Lease Routine Sample Screens

• Sample Lease Disclosure
   

• Loan Routine Sample Screens

• Sample Loan Disclosure

• Setup Screen
   

• Demonstration Copy

• How to Order

• Frequently Asked Questions

• Software Update Information

The LeaseMaker 27B program is based on our highly successful LeaseMaker 627B Handheld Calculator.

It supports over 18 lease companies including the major captive finance companies (GMAC, Ford, Chrysler, and others) and a variety of simple-interest leases.

The most popular features of earlier LeaseMaker calculators are present: Ability to jump from one state to another, change lease companies quickly, solve for the payment or for the vehicle price based on a specified payment.

The sales tax rate and other tax options are remembered for each state so you can jump between states and not have to keep reentering the sales tax rate.

Sales tax can be computed and capitalized into the lease or paid at signing (drive-off).  You can also capitalize the sales tax due on a downpayment if you wish.

Extensive help is built into the program -- no more looking for the User's Guide!

A Rebate can be applied to the Cash Down Payment (or applied to the drive-off due at signing).  

Some states don't tax a Rebate used as part of the downpayment and you can select that option on this screen.

These selections are remembered on a state-by-state basis so you can jump quickly from one state to another without having to reset these options.

The screen remembers the last six residual values used - you can pick any of them from a popup list or enter a new one.

A disposition fee can be entered - this is added to the adjusted residual value to determine the purchase option.

Provisions are included for excess mileage charges and the cost per mile is remembered for each lease company.

Tapping on "Copy" at the top of the screen copies all the details to the Palm clipboard.  You can then paste them into a memo or email message, or print them if your Palm is connected to a PC.

The sales tax can be financed into the loan or calculated separately.  Tapping the "Details..." button provides a complete Truth-in-Lending disclosure of the loan.  (See "Loan Details" below.)

Tapping the "Am Schedule..." button generates a complete amortization schedule of the loan.  (See "Amortization" screen image below.)

Interest is calculated with the U.S. Escrow Rule by any of three different calendar systems: Federal (360) calendar, Actual/ 365, or Actual to 1st.  (See Samples.)

The resulting payment can be truncated or rounded, enabling you to match most payment calculation systems.

A loan fee (prepaid finance charge) can be included in the loan calculation and the A.P.R. is calculated.

The payment dates are shown in the left column, and the balance after the payment is made in the right column.  Loans up to 360 months can be amortized.

You can scroll up and down the schedule to look at any portion of the loan.

By tapping "Copy" at the top of the screen, the entire schedule is copied to the Palm clipboard.

You can then paste it into a Memo or email message, and print it if your Palm is connected to a PC.

The Excise tax option allows you to enter a monthly fee that is added to the payment but is not taxed.  The Local Fee option allows you to enter a monthly fee that is added to the payment and is subject to tax.

In addition to Retail Installment Loans, you can calculate two types of balloon loans: Conventional and N-Pmt.

The N-Pmt balloon has one additional monthly payment.

A "Short Loan" routine reduces the number of input prompts so you can quickly get the payment for a known loan amount.  Just check the "Short Loan" box on the Setup screen to activate this option.

Complete help for the Setup Screen is available right in the program - just select one of the Help options at the top of the screen.

Click here to download a demonstration version of the LeaseMaker 27B.

How to Order the LeaseMaker 27B

The LeaseMaker 27B Program is provided on a CS Memory Card. (Card will work in either a MMC or SD card slot.) Your Palm must have a free MMC or SD memory card slot.

After you have evaluated the demonstration version of the program, complete this order form and fax it to us at +1 866 329-7766 or call us at 800 843 7766 to place your order.

Your CS Memory Card will be sent to you by 2-day FedEx. (Overnight service is available at extra cost.)

• Actual/365
• Actual-to-first-payment
• "Fed" Calendar.

To illustrate the differences, we've selected the following sample loan and have computed it using each of the three systems:

• Loan: $125,000
• Term: 180 months
• Rate: 15.000%
• Loan Date: 5/25/04
• First Due Date: 7/1/04
• Payment is Rounded (not truncated)

The following table shows the payment calculated by each of the three calendar systems.

For more information and detailed amortization schedules of these methods, you can download an Excel spreadsheet here.

The $1000 rebate is applied to the cash downpayment and is not taxed.

The $50 Loan Fee is a prepaid finance charge and affects the A.P.R.

        4.977  % APR
      3475.68  Finance Chg
     25727.80  Amt Financed
     29203.48  Total Pmts
     42103.48  Total Sale Price

           38  Monthly Payments
       322.46  Payment Amount
     16950.00  Final Payment

      7/29/04  Loan Date
       9/1/04  First Due
      11/1/07  Maturity Date
           39  Term (months)

     37500.00  Price
    -21000.00  Trade
     11800.00  Payoff
     -2700.00  Cash Down
     -1000.00  Rebate (not taxed)
        40.00  Other-1 (taxed)
      1087.80  CO 7.000% Tax
        50.00  Loan Fee

     25777.80  Note Amount
        4.900  % Interest Rate

     37500.00  MSRP
           53  RV Percent
        18000  Expected Mi/yr
        12000  Allowed Mi/yr
        19500  Tot excess miles
      2925.00  Excess chg @ 0.15
     16950.00  Final Pmt

     15540.00  Taxed Amount

      2700.00  Cash Down
      1000.00  Rebate
      3700.00  Total Drive-off

 The disclosure will vary from state to state based on their sales tax laws.

    37500.00 Price
     1922.83 NY 8.125% Tax
      325.00 NY 8.125% Tax (on downpayment)
      120.00 Other-1 (taxed)
      650.00 Other-2 ~ (not taxed)
      499.00 Bank Fee
    41016.83 Gross Cap

     2000.00 Cash Down
     2000.00 Rebate
     2250.00 Trade Equity
     6250.00 Cap Reduction
    34766.83 Adjusted Cap

    37500.00 MSRP
      800.00 Hard Adds
          53 RV Percent
    20299.00 Adj Residual
    14467.83 Depreciation

    55065.83 Cap + Resid
     0.00500 Factor
    10737.87 Total Rent

    25205.70 Tot Base Pmts
          39 Term
      646.30 Total payment
     7/28/04 Lease Date
    10/28/07 Matures

    20299.00 Purchase Opt

     6250.00 Cap Reduction
      646.30 Adv Payment
     6896.30 Total Drive Off

The 27B LeaseMaker is frequently updated to keep pace with the industry, various Federal and state regulations, as well as changes in major leasing companies.

This is a list of the most recent changes together with the date they were made and the software version.  The most recent version is at the top of the list.