Residual value / Sales Price Change For Financial Leasing

With the help of this wizard it is possible to change the residual value or sales price of an object in a financing contract with the "financial leasing" financing type.

The Action – Change Contract wizard option opens the Change Contract Wizard. In the first step of this wizard, in the "Change Type Code" field, the user selects a change with Wizard Object No. equal to 4046863. The "Change Contract" wizard is described in detail in the Contract Changes - Change Copies/Variants.

After completing the introductory wizard, the "Change Selling Price / Residual Value Wizard" opens:

Step 1:

The user can only enter the following values:

• New Selling Price

  • This is the so-called selling fee (i.e. for the residual value).

  • The field is editable only if the Enable entering sales fee amount=A flag is enabled on the Financing Model of the contract, otherwise not.

• New Residual Value

  • The user can enter a new residual value, which is then transferred to the contract

Other fields are automatically completed by the system and are non-editable.

Step 2:

Moving to the second step, the system calculates a new payment value, which is displayed in the "Annuity after Change (LCY)" field