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How big is the
LeaseMaker Calculator?
The LeaseMaker Calculator is 5-1/4" long by 2-3/4" high by 1/2" thick, including the cover. The
optional printer system is 7-3/4" by 6" high by 1-3/8" thick.
 Can I get the LeaseMaker program for my PC?
Yes. The
LeaseMaker PC program is now available which computes leases with the same options and features as the LeaseMaker handheld calculator. Visit our web site at
www.promsoft.com for detailed information.
Can
I do 0% Loans with the LeaseMaker calculator?
Yes, version
M01.1.9 and later can compute both retail and balloon loans with a 0% interest rate.
Earlier versions can be updated. See 0% Interest
Loans.
Can
I discount or buy-down 0% loans?
Yes, the latest version (Series
M01.1.9) dealer reserve routine has been enhanced to allow 0% retail and
balloon loans to be discounted.
Can I try the LeaseMaker PC program?
Yes, you can download a demonstration copy from our web site at
www.
Can
I exclude the sales tax on a
Rebate used as Downpayment?
Yes,
you can.
How
do I apply a Rebate to reduce the payment?
Enter the entire Rebate
amount at the REBATE? prompt, and then enter the portion (or all) of it that is
being used as a downpayment at the CASH DOWN? prompt.
The
rebate can be used to pay other items in the Drive-off such as Security Deposit,
advance payment, etc. To use the rebate to reduce the payment, you have to
specify the amount to be applied as a downpayment.
If the
customer is also making a cash downpayment, enter the total of the cash plus the
rebate at the CASH DOWN prompt. For example, if a customer wants to put
$500 down in cash and apply his $900 rebate to reduce the payment, enter $900 at
the REBATE prompt and $1400 at the CASH DOWN prompt.
What types of leases can the LeaseMaker compute?
The LeaseMaker currently supports more than 25 different lease companies and lease calculations including popular "money factor", and simple-interest leases (which use an interest rate percentage).
Can I do used car leases and loans?
Yes. The residual amount can be entered as a dollar
amount. The LeaseMaker can calculate loans with monthly, weekly and biweekly payments.
Does the LeaseMaker print lease disclosures?
Yes. The LeaseMaker generates the numbers required by the
Federal Regulation M. (The
optional printer system is required to print the disclosure.)
I work in a state that taxes the price of the vehicle on leases.
Can the LeaseMaker do this?
Yes. The LeaseMaker has the sales tax rules for all 50 states. In those states where the sales tax is on the price of the vehicle, the customer has the option of paying the sales tax at signing or capitalizing it.
Can I include Extended Warranties and not tax them?
Yes, the new
Millennium Edition of the LeaseMaker allows you to select whether to apply tax to extended warranties,
Rebates used for downpayments, and amounts entered into the Other-2 field.
Can I get formulas for leases and early terminations?
Yes. Many formulas are printed in the
LeaseMaker Supplement for Lenders & Lessors which is available at no charge.
Can I determine the money factor used on a lease?
Yes. The LeaseMaker LeaseChecker routine will calculate the money factor for ANY lease, even if you don’t know how the lease was originally calculated.
I work in a dealership in the New York metropolitan area and need to calculate the sales tax in three states, all of which use a different tax method.
Can the LeaseMaker do this?
Yes. You can switch quickly from one state to the next by
using the "Ask State" option. The appropriate sales tax method (including the unusual New York State method) will be used.
How do I change the batteries? Will I lose the program?
Changing the batteries is easy and just requires a small screwdriver. You will not lose the program when you change the batteries. The program is stored on a Flash-memory card made especially for the LeaseMaker using state-of-the-art technology. It does not rely on batteries to retain the program.
Can I calculate Balloon or Residual Value loans?
Yes, the LeaseMaker does both a conventional balloon loan and the "Plus" balloon loans with an extra payment.
You can compute conventional balloon payment loans, as well as the
"n-payment" type used by BMW and others. The LeaseMaker also calculates
dealer reserve for balloon loans.
Can I change the credit insurance rates myself?
Yes. You can change the rates yourself and you can even change from one state to another. The LeaseMaker contains the
credit-insurance formulas for all 50 states and the District of Columbia and can calculate credit life, disability and involuntary unemployment insurance on loans.
The Guide to Credit Insurance has
the detailed instructions.
Can I check the APR and compute dealer reserve?
Yes, the Millennium Edition of the LeaseMaker includes an
APRChecker routine. This routine verifies the APR and other disclosure items of a loan, and then computes the
dealer reserve by any of several methods. The APRChecker program is also available as a
PC program and you can download a demonstration copy from our web site
www.promsoft.com.
Can I compute the vehicle price as well as the monthly payment?
Yes, the LeaseMaker allows you to compute the vehicle price as well as the monthly payment for both loans and leases.
Where can I get more information?
There is detailed information
available here, as well as a history of software
updates, and you can read or download copies of the User's
Guide, Supplement for Lenders and
Lessors, Guide to Credit Insurance, and
Detailed Battery Change
Instructions.
How do I order a LeaseMaker?
Complete the order
form and fax it to us, or call our toll free number 800 843-7766 days (9-5, Mon-Fri, Eastern time), or email us at
the address at the bottom of this page.
How do I update my LeaseMaker?
You can order an
Instant Upgrade by telephone or over the web at
www.promsoft.com.
We will send you a new Software Cartridge, the latest User's
Guide, and a Battery Kit by FedEx Overnight Letter.
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