Purchase Option: If the lessee has a purchase option on the leased cars, then this screen should be filled out. The first item is the affective date that the option will occur. The next item is, what is the purchase option based on: Future Market Value or an Agreed upon Price. It can only be one or the other, not both.

Renewal Option: The renewal option is similar to the purchase option. However, this applied to the renewing of the lease. All items are filled out the same.

Other Items: This screen will allow you to define who is responsible for remarking of the equipment and when. You can also define who is responsible for taxes, if there is a cancel clause with the lease as well as Free Storage Days of cars after the lease expires. You can also define when excess milage occurs and how much the charge is. This is also the screen where you enter the date of expiration of a lease, after it has expired. Do not expire a lease prior to the date of expiration.

Purchase Option Screen

Renewal Option Screen

Other Options Screen