CRMW can handle the computation of most commercial leases, which includes one dollar buy-out leases; leases with 10% down payment or an advance payment. Most leases determine the payment by a money factor or also not as an interest rate factor. Use this table to load the appropriate lease factors and payment requirements.

 

 

Note: The formulas for tax computation on leases are:  

          [1] taxable amount x lease factor = monthly taxable amount

          [2] monthly taxable amount x tax rate = tax on lease

           [3] non taxable amount x lease factor = monthly non-taxable amount

          [4] monthly taxable amount + tax on lease + monthly non-taxable amount = monthly lease amount