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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:

  1. Term: 36 & Regular Rentals: 33

  2. Term: 36 & Regular Rentals: 35

  3. 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


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