The Desking Tool is a feature that allows users to define three loans or quotes based on the APR, Term, and Cash down. The tool will allow you to generate loan amounts using the Selling Price or using the Payment Amounts to determine the Selling Price your buyer can afford. Not only is it available in the Quick Deal slide-out, but also in the main Deal structure.
Down Payment Increment (%) – used to determine how much the Down Payment amount should increase
Term 1 – Term 3 – used to define three popular loan lengths
Int. Rate 1 – Int. Rate 3 – used to define three popular loan rates to correspond with the loan terms
If your user account has access to the Recap, you will be able to see the Front, Back, and Gross Profits. If your user account does not have access to the Recap, you will be able to see the Payment Amount or Price Amount, Amount Financed, and Finance Charge.
Once the Selling Price is achieved or the Contract Payment Amount is agreed upon, click the Amount you want to apply to the deal. Click Start Deal if you are ready to turn this Quick Deal into a full deal.