Close lease deals easier with customers who prefer to put down less money than what’s actually required. A new checkbox for “Target Out of Pocket” has been added to the lease tab in Manager View. When this box is checked, the ‘Out of Pocket’ value is adjusted to $0 and displays new line items in the math stack.
Key changes include:
- Updated Field Labels: The money down field label changes from “Due at Signing” or “Cash Down” to “Out of Pocket,” with the amount set to $0. Two new fields, “Insufficient Funds (INSF)” and “Adjusted Selling Price,” will be displayed in the lease deal disclosure.
- System Recalculation: The system recalculates the deal to allow the consumer to put $0 down, covering the amount due elsewhere in the deal. Users can enter a specific amount into the “Out of Pocket” field to match the consumer’s desired money down, and the system will recalculate the Insufficient Funds accordingly.
- Sales View and Dealer Deal Page (DDP) Updates: In Sales View, new fields “Upfronts Added” and “Adjusted Price” will be displayed in the Offer Summary. In the Dealer Deal Page (DDP), a new field for “Insufficient Funds” has been added.
