STEP 1: CALCULATE A LEASE PAYMENT

A monthly lease payment is what makes acquiring your equipment possible for your customers. Presenting your equipment with payment options such as, “for as low as $92.40 a month for 60 months” or “$4,200 due today,” makes for an affordable and flexible transaction for you customer without having to discount your price.

We offer two tools to help you quickly and accurately calculate lease payments for each of your customers:

1. Lease Factor Chart

Our Lease Factor Chart is provided to you to assist with calculating a monthly lease payment for any applicant.

The various Lease Factors are tied to the output of our Proprietary Credit Scoring Model which offers multiple “passing” Credit Scores.  You will use the appropriate Credit Score and select a term to calculate the appropriate monthly lease payment for that applicant’s level of risk.

Monthly lease payments are calculated using the following equation:

Equipment Cost   X   Lease Factor   =   Monthly Lease Payment

2. Lease Quote Tool

Our Lease Quote Tool is an easy-to-use Excel file that allows you to create a lease quote in varying ways. This helps you present leasing in the best light by finding the most suitable monthly lease payment for your customer.

By filling out some basic information on the Data Entry worksheet, a Quote Sheet is automatically generated which presents a number of monthly lease payment options to your customer, all of which maintain your full price.

Our Lease Quote Tool options include generating a Quote Sheet displaying:

• All or specific lease term options
• All monthly payments by Credit Score or narrow the choices to display only TPC’s Premium Pricing or Midpoint Pricing

How to Complete the Leasing Process - Step 2: Complete a Lease Application