The Credit Union Lease (Lease Worksheet)
Dealer Name
Name of Lessee
Dealer Contact
Personal Use
Business Use
Dealer Phone
Year
Make
Model
1. MAXIMUM ADVANCE
Dealer Adds
Lease Term
$
Air Cond.
1
MSRP (new)/ NADA or KBB (used)
$
Radio
+ Dealer Hard Adds
2
Roof
Dealer Cost
(as of 9-4-08, no hard adds
allowed to be residualized )
+ Discount Packages
Wheels
3
x ______%
Other
Trunk Key
4
5
=Max Up Front Advance
Other
-Acquisition Fee, Warranty
6
Other
Ignition Key
7
=Maximum Initial Value
TOTAL
3. LEASE CALCULATION
2. RESIDUAL VALUE
4. DEALER PARTICIPATION
Actual Initial Value
$
8
(Acquisition Fee Included)
MSRP
$
A.
.
Avg. Customer Mo
9
- Cash Down and Trades
________
Lease Charge (Line 14)
Guide %
B.
Avg. Mo. Base Lease Charge
Base Residual
10
=Adjusted Initial Value
1.
Base Rate
Less -
2.
Vol. Disc.
11
Actual Lease-End Value
Plus +
Value Adds
(
Wholesale)
3.
.
________
Waive Sec. Dep
12
Lease Term Depreciation
Plus +
( Line 10 Minus Line 11)
4.
Waive Acq. Fee
=
.
$
Air Cond
13
Avg. Mo. Depreciation
5.
Rate
(Line 12 Divided by Term)
Cruise
x
(
)
Line 10 + Line 11
14
Avg. Mo. Lease Charge=00_______x
Radio
C.
Monthly Dealer
x $________(Line 10 Plus Line 11)
Participation Amount
Roof
(A - B)
15
Base Mo. Lease Payment
D.
As Earned Dealer
(Line 13 Plus Line 14)
Wheels
Participation
(C x Term)
16
+Monthly Sales/use Tax (If Applicable)
Other
E.
Up - Front Dealer
Participation
Total
17
=Total Monthly Payment
F.
Dealer Selection
Line D
Base Residual
Total Adds
Or
Line E
Less Excess
Mileage
5. DEALER PAYMENT
Total Max
Residual
18
$
Actual Initial Value (Line 8)
6.
DOCUMENTATION REQUIRED FOR FUNDING
19
-
Acquisition Fee (Line 6)
Lease Agreement
Title/Registration
20
-
Cash Down and Net Trades (Plus Tax)
21
-
Security Deposit
Invoice
Worksheet
22
-
First Mo. Payment
Window Sticker
Loan Officer Stips
23
-
Pro-Rated Rent
Acceptable Sticker Replacement
Credit Application
24
=
Lease Proceeds
25
+
Up-front Dealer Participation
Insurance Confirmation
New Member Documentation
26
=
Advance Payment
Reviewed
Approved
CULA 06/2009