Overview
Asset Leasing Purchase Comparison compares the option between buying and leasing an Asset. Users are able to enter purchase and lease information provided by a Vendor and a Leaser and compare this information for decision making purposes.
Navigation
Assets ► Leasing / Purchase Comparison
Leasing/Purchase Comparison screen Fields and Tab
Field | Description |
ID | Unique identification code of the Leasing/Purchase Comparison |
Comparison Date | The Comparison Date is automatically system generated. This displays the date and time the Asset Leasing Purchase Comparison is saved |
Language | Language used |
Abbreviation | The short form describing the Leasing/Purchase Comparison |
Description | A short description of the Leasing/Purchase Comparison. |
Remarks | Refers to comments regarding the Asset Leasing Purchase Comparison |
Asset Class | Refers to the type of Asset |
Useful Life | Its written in terms of years and its used in the calculation of depreciation. Useful Life is used for the asset leasing purchase comparison |
Salvage Value | The salvage value is the expected value after the asset item has been fully depreciated |
Average Annual Maintenance Cost | An estimated annual maintenance cost of the Asset Item |
Insurance Annual Cost | An estimated insurance annual cost of the Asset Item. The insurance annual cost is optional because some Assets don’t require insurance |
Capital Cost | Refers to the average loan rate per year. It will be used to calculate the NPV (Net Present Value) |
Asset Item Price | Price of the Asset Item. It is part of the purchase information |
Other Initial Purchase Cost | The cost incurred when the first purchase payment was made |
Depreciation Method | Describes the decline in assets overtime |
Payments per Year | Number of leasing payments per year |
Leasing Term | Quantity of payments of the leasing contract |
Leasing Fee | Refers to the leasing cost/charge |
Other Initial Leasing Cost | The cost incurred when the first leasing payment was made |
Security Deposit Amount | The amount paid for a security deposit. Some leasing contracts require it and some don't |
Is Security Refundable? | It indicates if the security deposit amount is refundable at the end of the lease term |
Responsible for Maintenance? | When checked the user will be responsible for the maintenance costs during the term of the leasing contract |
Responsible for Insurance? | When checked the user will be responsible for the insurance costs during the term of the leasing contract |
Buy Option? | When checked the the user will buy the asset at the end of the leasing contract |
Option to Buy Price | The price to buy the asset at the end of the leasing contract |
Overview
The information regarding the attachment. It further contains the description of the attachment or additional information not included in the uploaded document can be included here.
Attachment Tab screen Fields
Field | Description |
ID | Unique identification code manually entered by users or automatically generated based on parameters. |
Selected | If checked indicates that the attachment will be selected. |
Language | Country Specific Language used to enter the description information. |
Title | Title of attachment uploaded. |
Description | Any description of the attachment or additional information not included in the uploaded document can be included here. |
Attachment | The uploaded document, this attribute will have the physical file document within the database. |
Date Time | The date and time the attachment was uploaded or Date and Time of the last operation performed on the attachment document. Visible for the user. Automatically assigned. |
User | Users uploading the attachment. |
Language | Country Specific Language used to enter the description information. |