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.
Features include:
- user entered first payment date
- compounding frequencies ranging from annually to daily
- payment frequencies ranging from annually to weekly
- points
- choose from six different day count conventions
- specify end of month adjustments
- choose from four different rounding 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
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