Leasing

Create a new Record with "File" and "New Record". See also Creating the first Record and Data entry screen Basics.

A car is leased for 25,000. The residual value after 4 years is 10,000. What should be the minimum monthly lease amount if the cost of capital is 10%?

Data entry window. The balance is 10,000 to represent the residual value.

Partial results screen:

The minimum monthly payment should be 458.53.

What would be the payment if an up-front payment of 3000 is made? MLM can easily recalculate each of the other payments upon changing the first payment to 3000. Select the lines for which the payment must be recalculated and right click with the mouse (see image below).

The new minimum payment would be 392.96.

Other special repayment options may also be included : lump sum payments, unpaid payments, interest-only payments, fixed principal payments, step payments, additional principal, etc.