We want to make it simple and efficient for you to calculate Asset Finance repayments for your clients, so we built the calculator within the CAF CRM in Mercury Nexus.
To calculate repayments for an opportunity:
Login to Mercury Nexus
Navigate to the CAF CRM
Once in the CAF CRM, click on Opportunities from the left-hand menu
Double click on the opportunity
Click Asset Finance Quote
Navigate to Calculations from the inner left-hand menu
Click Add
Click Asset Finance Quote
Choose a Calculation Method
Chattel Mortgage
Consumer Finance
Lease
Choose a Financier
Select the state the applicant is from
Fill in the remaining details:
Cost of Goods – The loan amount. This will automatically split into Net and GST
Deposit
Finance fees
Residual/Balloon
Base rate %
Complete the repayment schedule – Method, Period, Term and Structure
Under Single Repayment, click SOLVE to get the repayment schedule amount
To calculate the rate, fill in the single repayment amount, then press SOLVE next to rates.
