5. Pay Lease

Current Capabilities

-  1-Pay Lease:

· A lease where customer pays the whole lease amount upfront with 1 payment.

· Also known as a single pay or pre-paid car lease, is like a standard lease in that you are purchasing the use of the vehicle only for a set period of time.

· The difference is that instead of making monthly payments throughout this period, the entire amount is paid at the beginning of the lease.

· 1Paylease is only applicable to a new vehicle lease.

· Benefit of this is they can get 0.00100 reduction from RCF (Rate Charge Factor) as long as the end rate doesn’t below .00001

· Benefit for the dealers is cash deal conversions.

- Option to Pay lease over many types of terms

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