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Term and Regular Payments Demystified
Term and Regular Payments Demystified
Depending on your product configuration you might want your quote to display:
Term: 36 & Regular Rentals: 33
Term: 36 & Regular Rentals: 35
Term: 36 & Regular Rentals: 36
The key to getting what you need is the use of the Initial Payments and Pause Type options on the quote screen.
Note: If you have Pause Type set to Spread or left blank; Regular Rentals will be Term - 1
If you have Pause Type set to Terminal; Regular Rentals will be Term - Initial Payments
Therefore:
To get the 36/33 combination you need Pause Type Terminal, Initial Payments 3
To get the 36/35 combination you need Pause Type Spread, Initial Payments can be anything
To get the 36/36 combination you need Pause Type Terminal, and Initial Payments of 0 or Bespoke
, multiple selections available,
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