Fields and ranges

FinLease is a calculator of the "what you see is what is calculated" type: as soon as it detects valid input, results are automatically calculated.

That way you avoid mistakes when you change input and forget to press the Calculate button: there isn't any!

The rules are simple:

Rule	Comment
no empty fields	FinLease only calculates when all fields are filled.
input data must be within range	Whenever a field contains invalid data, it is displayed with an orange background.

To check what the accepted range is, just point your cursor over the field: a Help tag will tell you what values it expects.

Below is an overview of the fields and their range.

Field	Range	See also
Lease date	1/1/1905 to 12/31/2200
Number of payments	1 to 360	note 1
Nominal annual rate	0.00 to 100.00 %
Equipment cost	1,000 to 100,000,000.00
Points	0.00 to 25.00 %
Advance payment percentage	0.00 to 25.00 %	note 2
Step up/down payment percentage	0.00 to 200.00 %
Step up/down payment amount	0.00 to 100.00 % of equipment cost
Seasonal payment percentage	0.00 to 200.00 %
Seasonal payment amount	0.00 to 100.00 % of equipment cost	note 3
Residual payment percentage	0.00 to 100.00 %
Residual payment value	0.00 to 100,000,000.00	note 2

Notes

1. The minimum number of payments is the sum of any advance, step up and step down payments. For instance, if you set up a lease with 24 payments of which 6 are specified as advance, step up or step down payments, there'll be 18 normal payments. Normal payments are treated as seasonal payments if they fall in a month that has been checked in the Seasonal options dialog.

2. The minimum and maximum values are also influenced by equipment cost, advance, step up, step down or residual payment amounts and percentages and by the total number of payments and steps.

3. Seasonal fixed amounts can be each as high as the lease cost minus any fraction allocated to advance, step up, step down or residual payments. This can create stituations in which there is a negative last payment in the amortization schedule. If this situation is detected, an alert will be shown and you'll need to change the setup in order to prevent it.

What if nothing happens?

With all the validation that's going on behind the scenes, it could happen that FinLease doesn't recalculate automatically. To force a recalculation, just change a selection in one of the pop-up menus and change it back.

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