How big is the LeaseMaker Calculator?
The LeaseMaker Calculator is 5-1/4" long by 2-3/4" high by 1/2" thick, including the cover.
Can I do fuel cost comparisons?
Yes. A new routine is available with version M01.1.22 and later which compares
the fuel operating costs of two vehicles. Earlier versions can be updated.
Where can I find the code numbers for the Setup Key?
Version M01.1.22 and later have a built-in help routine on the Setup Key. Simply
enter a code of '1' to access it. Earlier versions can be upgraded.
You can also find the Setup Codes in the User's Guide and on
Can I do 0% Loans with the LeaseMaker calculator?
Yes, version M01.1.9 and later can compute both retail and balloon loans with a 0%
interest rate. Earlier versions can be updated. See 0% Interest
Can I discount or buy-down 0% loans?
Yes, the latest version (Series M01.1.9)
dealer reserve routine has been enhanced to allow 0% retail and balloon loans to be
Can I exclude the sales tax on a Rebate used as Downpayment?
How do I apply a Rebate to reduce the payment?
Enter the entire Rebate amount at the REBATE? prompt, and then enter the portion (or
all) of it that is being used as a downpayment at the CASH DOWN? prompt.
The rebate can be used to pay other items in the Drive-off such as Security Deposit,
advance payment, etc. To use the rebate to reduce the payment, you have to specify the amount
to be applied as a downpayment.
If the customer is also making a cash downpayment, enter the total of the cash plus
the rebate at the CASH DOWN prompt. For example, if a customer wants to put $500 down in cash
and apply his $900 rebate to reduce the payment, enter $900 at the REBATE prompt and $1400 at the
CASH DOWN prompt.
What types of leases can the LeaseMaker compute?
The LeaseMaker currently supports many lease companies and calculation methods
including popular "money factor", and simple-interest leases (which use an interest rate
Can I do used car leases and loans?
Yes. The residual amount can be entered as a dollar amount. The LeaseMaker can
calculate loans with monthly, weekly and biweekly payments.
I work in a state that taxes the price of the vehicle on
leases. Can the LeaseMaker do this?
Yes. The LeaseMaker has the sales tax rules for all 50 states. In those states where
the sales tax is on the price of the vehicle, the customer has the option of paying the sales tax
at signing or capitalizing it.
Can I include Extended Warranties and not tax them?
Yes, the LeaseMaker allows you to select on a state-by-state basis whether to
apply sales tax to extended
warranties, rebates used for downpayments, and amounts entered into the Other-2 field.
Can I get formulas for leases and early terminations?
Yes. Many formulas are printed in the LeaseMaker Supplement for Lenders & Lessors which is
available at no charge.
Can I determine the money factor used on a lease?
Yes. The LeaseMaker LeaseChecker routine will calculate the money factor for ANY
lease, even if you don’t know how the lease was originally calculated.
I work in a dealership in the New York metropolitan area and need to calculate
the sales tax in three states, all of which use a different tax method. Can the LeaseMaker do
Yes. You can switch quickly from one state to the next by using the "Ask State"
option. The appropriate sales tax method (including the unusual New York State method) will
How do I change the batteries? Will I lose the program?
Changing the batteries is easy and just requires a small screwdriver. You will not
lose the program when you change the batteries. The program is stored on a Flash-memory card made
especially for the LeaseMaker using state-of-the-art technology. It does not rely on batteries to
retain the program.
Can I calculate Balloon or Residual Value loans?
Yes, the LeaseMaker does both a conventional balloon loan and the "Plus" balloon
loans with an extra payment. You can compute conventional balloon payment loans, as well as the
"n-payment" type used by BMW and others. The LeaseMaker also calculates dealer reserve for balloon loans.
Can I change the credit insurance rates myself?
Yes. You can change the rates yourself and you can even change from one state to
another. The LeaseMaker contains the credit-insurance
formulas for all 50 states and the District of Columbia and can calculate credit life, disability
and involuntary unemployment insurance on loans. The Guide to
Credit Insurance has the detailed instructions.
Can I check the APR and compute dealer reserve?
Yes, the LeaseMaker includes an APRChecker routine.
This routine verifies the APR and other disclosure items of a loan, and then computes the dealer reserve by any of several methods. The APRChecker program is also
available as a PC program and you can download a demonstration copy from our
web site www.promsoft.com.
Can I compute the vehicle price as well as the monthly payment?
Yes, the LeaseMaker allows you to compute the vehicle price as well as the monthly
payment for both loans and leases.
Where can I get more information?
There is detailed information available here, as well as a history of software updates, and you can read or download copies of
the User's Guide, Supplement
for Lenders and Lessors, Guide to Credit Insurance,
and Detailed Battery Change Instructions.