iLeaseMyCar Pro iBuy XL Tutorial

iLeaseMyCar Pro iBuy XL Tutorial http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial.html When you first open up iLeaseMyCar Pro you need to configure your sales tax settings for both the Lease and Loan calculators. To do this, press the info button in the lower right hand corner. You'll need to do this for both "iLease" and "iBuy". They are completely separate so the setup has to be done in both places. Press the Settings button to setup your sales tax settings. http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial.html#0 437ac8e9-ee16-453e-9335-6628269d40e8 http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial_files/Media/photo%202/thumb.jpg http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial_files/Media/photo%202/micro.jpg <div style="padding: 0px; " class="image_cluster_layout_style_default_External_632_112"><div class="image_cluster_layout_style_default"><p style="padding-bottom: 0pt; padding-top: 0pt; " class="paragraph_style_1">Press the Settings button to setup your sales tax settings.</p></div></div> Pick your state for calculating payments. Then enter your tax rate. You can also select if you want to roll the sales tax into the loan amount. This is useful if you want to make your cash due at signing exactly equal to your cash down payment. For this tutorial we will leave it off. If your state does not have sales tax, the sales tax field will be greyed out and no sales tax will be included in the transaction. Turn a switch to ON to have iBuy automatically tax the fee. The tax on the fee will also be added to any amount due at drive-off. http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial.html#1 59ea3607-7be4-4d53-bc56-09f92b0700c6 http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial_files/Media/photo%201/thumb.jpg http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial_files/Media/photo%201/micro.jpg <div style="padding: 0px; " class="image_cluster_layout_style_default_External_632_112"><div class="image_cluster_layout_style_default"><p style="padding-bottom: 0pt; padding-top: 0pt; " class="paragraph_style_2">Pick your state for calculating payments. Then enter your tax rate. You can also select if you want to roll the sales tax into the loan amount. This is useful if you want to make your cash due at signing exactly equal to your cash down payment. For this tutorial we will leave it off. If your state does not have sales tax, the sales tax field will be greyed out and no sales tax will be included in the transaction. Turn a switch to ON to have iBuy automatically tax the fee. The tax on the fee will also be added to any amount due at drive-off.</p></div></div> Press the info button to see what assumptions are being made for computing sales tax for your state. Setting your state automatically configures the trade-in loan credit. For the state of California, no sales tax trade-in credit is given as you can see from the information presented in the alert window. Feel free to email support if there is a mistake. http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial.html#2 7ca99ce6-f34e-4c0c-b86d-e4be736b8463 http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial_files/Media/photo%202_1/thumb.jpg http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial_files/Media/photo%202_1/micro.jpg <div style="padding: 0px; " class="image_cluster_layout_style_default_External_632_112"><div class="image_cluster_layout_style_default"><p style="padding-bottom: 0pt; padding-top: 0pt; " class="paragraph_style_2">Press the info button to see what assumptions are being made for computing sales tax for your state. Setting your state automatically configures the trade-in loan credit. For the state of California, no sales tax trade-in credit is given as you can see from the information presented in the alert window. Feel free to email support if there is a mistake.</p></div></div> Once you have finished with the iBuy setup, enter in your MSRP and Selling Price information, then press the down payment text field. http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial.html#3 99206642-e482-4ae3-84fe-1f77e796fa9a http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial_files/Media/photo%203/thumb.jpg http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial_files/Media/photo%203/micro.jpg <div style="padding: 0px; " class="image_cluster_layout_style_default_External_632_112"><div class="image_cluster_layout_style_default"><p style="padding-bottom: 0pt; padding-top: 0pt; " class="paragraph_style_2">Once you have finished with the iBuy setup, enter in your MSRP and Selling Price information, then press the down payment text field.</p></div></div> When you press the down payment textfield, the iBuy down payment helper will appear. Enter in your cash down payment if any, and the value of your trade-in and any outstanding loan on the vehicle. You also have the ability to enter rebates. Enter any rebates in the appropriate field depending on whether the rebate is applied before tax or after ta. Then press Apply. If you decide not to trade-in the vehicle, simply flip the switch to OFF to remove it from the transaction. You do not have to zero out the fields. http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial.html#4 fd9b8617-6235-496d-a429-70a4f5847325 http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial_files/Media/photo%204/thumb.jpg http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial_files/Media/photo%204/micro.jpg <div style="padding: 0px; " class="image_cluster_layout_style_default_External_632_112"><div class="image_cluster_layout_style_default"><p style="padding-bottom: 0pt; padding-top: 0pt; " class="paragraph_style_2">When you press the down payment textfield, the iBuy down payment helper will appear. Enter in your cash down payment if any, and the value of your trade-in and any outstanding loan on the vehicle. You also have the ability to enter rebates. Enter any rebates in the appropriate field depending on whether the rebate is applied before tax or after ta. Then press Apply. If you decide not to trade-in the vehicle, simply flip the switch to OFF to remove it from the transaction. You do not have to zero out the fields. </p></div></div> Back at the iBuy screen you can see the down payment has now been calculated for you. It is the total of the cash down payment + the trade in value, minus the trade-in loan amount. If the total is negative, ie you owe more than the car is worth and it is not offset by cash, you'll see a value in ( ) to indicate a negative number. This isn't a bug! The calculation will work perfectly with a negative Down Payment. Enter your interest rate and then press loan additions. http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial.html#5 d7575a68-aa0c-4b5c-bbab-ba030aba53c4 http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial_files/Media/photo%205/thumb.jpg http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial_files/Media/photo%205/micro.jpg <div style="padding: 0px; " class="image_cluster_layout_style_default_External_632_112"><div class="image_cluster_layout_style_default"><p style="padding-bottom: 0pt; padding-top: 0pt; " class="paragraph_style_2">Back at the iBuy screen you can see the down payment has now been calculated for you. It is the total of the cash down payment + the trade in value, minus the trade-in loan amount. If the total is negative, ie you owe more than the car is worth and it is not offset by cash, you'll see a value in ( ) to indicate a negative number. This isn't a bug! The calculation will work perfectly with a negative Down Payment. Enter your interest rate and then press loan additions.</p></div></div> Use loan additions to roll in any fees or accessories into the loan. Roll all the fees and the sales tax into the loan to get a cash due at signing exactly equal to your cash down payment . For this tutorial I will leave them all OFF. http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial.html#6 1c9de31f-335e-4e78-b14d-efa27874f2d1 http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial_files/Media/photo%202-2/thumb.jpg http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial_files/Media/photo%202-2/micro.jpg <div style="padding: 0px; " class="image_cluster_layout_style_default_External_632_112"><div class="image_cluster_layout_style_default"><p style="padding-bottom: 0pt; padding-top: 0pt; " class="paragraph_style_2">Use loan additions to roll in any fees or accessories into the loan. Roll all the fees and the sales tax into the loan to get a cash due at signing exactly equal to your cash down payment . For this tutorial I will leave them all OFF.</p></div></div> Back at the iBuy screen, press calcualate to see your montlhy payment, loan amount, total cost and sales tax due at drive-off. Now press summary. You also have the ability to enter the number of days till your first payment. Most loan calculators assume 30 days, but typical car transactions allow 45 days before the first payment. Increasing days till 1st payment from 30 days till 45 days will roll in some extra interest into the loan and result in a slightly higher payment. http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial.html#7 d1a35c7a-2d20-4cf0-9a9c-0d462e61de4a http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial_files/Media/photo%201-2/thumb.jpg http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial_files/Media/photo%201-2/micro.jpg <div style="padding: 0px; " class="image_cluster_layout_style_default_External_632_112"><div class="image_cluster_layout_style_default"><p style="padding-bottom: 0pt; padding-top: 0pt; " class="paragraph_style_2">Back at the iBuy screen, press calcualate to see your montlhy payment, loan amount, total cost and sales tax due at drive-off. Now press summary. You also have the ability to enter the number of days till your first payment. Most loan calculators assume 30 days, but typical car transactions allow 45 days before the first payment. Increasing days till 1st payment from 30 days till 45 days will roll in some extra interest into the loan and result in a slightly higher payment.</p></div></div> The summary view gives you all the important information about your deal. Any fees rolled into the loan will appeared greyed out and are automatically subtracted from the cash due at signing. Press the View Amortization Table button to see the amortization table. http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial.html#8 94fc4e90-6c18-40f1-8d60-2fb721748451 http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial_files/Media/photo%201-1/thumb.jpg http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial_files/Media/photo%201-1/micro.jpg <div style="padding: 0px; " class="image_cluster_layout_style_default_External_632_112"><div class="image_cluster_layout_style_default"><p style="padding-bottom: 0pt; padding-top: 0pt; " class="paragraph_style_2">The summary view gives you all the important information about your deal. Any fees rolled into the loan will appeared greyed out and are automatically subtracted from the cash due at signing. Press the View Amortization Table button to see the amortization table. </p></div></div> The Amortization table gives you the details of your loan payoff schedule as well as tells you the interest that will be paid over the life of the loan. Touch the screen to scroll the view up. Press somewhere out of the window to close the amortization table. http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial.html#9 d292f882-725a-40fd-bad8-db457594ab85 http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial_files/Media/photo%202-1/thumb.jpg http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial_files/Media/photo%202-1/micro.jpg <div style="padding: 0px; " class="image_cluster_layout_style_default_External_632_112"><div class="image_cluster_layout_style_default"><p style="padding-bottom: 0pt; padding-top: 0pt; " class="paragraph_style_2">The Amortization table gives you the details of your loan payoff schedule as well as tells you the interest that will be paid over the life of the loan. Touch the screen to scroll the view up. Press somewhere out of the window to close the amortization table.</p></div></div> Press the deal garage button to store your deal. Use this feature to store customers deals or if you are car shopping, store pricing information from various dealerships. You can also make changes to the deal and resave them. Press OK, then press Back to go back to the main iBuy Screen. http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial.html#10 1b284548-d7e6-4404-b6ae-a280c3b57b4c http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial_files/Media/photo%203-1/thumb.jpg http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial_files/Media/photo%203-1/micro.jpg <div style="padding: 0px; " class="image_cluster_layout_style_default_External_632_112"><div class="image_cluster_layout_style_default"><p style="padding-bottom: 0pt; padding-top: 0pt; " class="paragraph_style_2">Press the deal garage button to store your deal. Use this feature to store customers deals or if you are car shopping, store pricing information from various dealerships. You can also make changes to the deal and resave them. Press OK, then press Back to go back to the main iBuy Screen. </p></div></div> You can see your deal in the "Deal Garage". The deal garage saves everything about your deal including the sales tax settings. Simply touch a deal to reload it back into the loan calculator. Swipe your finger across to delete old deals. You can update a deal at anytime by reloading it, making changes, then pressing the save button in the summary view. You will then be asked if you want to overwrite it. http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial.html#11 091cdbd2-c531-4d4c-bf96-a3225a4055a8 http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial_files/Media/photo%204-1/thumb.jpg http://www.nottooshabbysoftware.com/NotTooShabby/ILPXL_Loan_Tutorial_files/Media/photo%204-1/micro.jpg <div style="padding: 0px; " class="image_cluster_layout_style_default_External_632_112"><div class="image_cluster_layout_style_default"><p style="padding-bottom: 0pt; padding-top: 0pt; " class="paragraph_style_2">You can see your deal in the "Deal Garage". The deal garage saves everything about your deal including the sales tax settings. Simply touch a deal to reload it back into the loan calculator. Swipe your finger across to delete old deals. You can update a deal at anytime by reloading it, making changes, then pressing the save button in the summary view. You will then be asked if you want to overwrite it.</p></div></div>