Lease-It! ======================================== Thank you for using Lease-It!, the fast, flexible and easy-to-use lease calculator for the Palm(tm) Connected Organizer. Before using this software, read the license agreement. By using this software, you agree to the terms of the license. ---------------------------------------- Table of Contents ---------------------------------------- - Description - System Requirements - Installing - Using the Application - Terms and Definitions - Contact Info - Registration - Technical Support - License Agreement - Revision History ---------------------------------------- Description ---------------------------------------- Lease-It! is the fast, flexible and easy-to-use lease calculator for the Palm Connected Organizer. Use it to help you negotiate the best possible deal on a lease. Lease-It! helps you analyze where your money is going, and can help to take the mystery out of leasing. Features Include: o Calculate monthly lease payments, including sales/use tax and luxury tax. o Solve for capitalized cost, capitalized cost reduction, length of term, interest rate, money factor or monthly payment. o Perform "what-if" calculations to arrive at a desired lease parameter or monthly payment. o Conveniently store lease worksheets for later recall. o Save time and money, while reducing leasing frustrations. o Cut, Copy, Paste and Undo editing functions. o Runs on all Palm Computing Platform® 2.0 and later devices. This application is offered as shareware. It may be used on a trial basis for 30 days. If you wish to continue using it after this period, please register with us for the nominal fee indicated. By registering, you will receive the latest version, future updates, and a key to turn off the registration reminder. Before using this software, read the included license agreement. By using this software, you accept all terms in the license agreement. ---------------------------------------- System Requirements ---------------------------------------- Lease-It! is compatible with all devices running Palm OS 2.0 and later operating systems. This includes all Palm models (except the Pilot 1000 and Pilot 5000 without the PalmPilot Pro Upgrade) and OEM models from IBM Handspring, Symbol, TRG, Qualcomm (Kyocera) and Sony. The only requirement is sufficient memory to load the Lease-It! application. Throughout this document, we will refer to the above models interchangeably as the "handheld organizer", "organizer" or simply the "device". ---------------------------------------- Installing ---------------------------------------- This installation assumes that you have the Desktop software installed on your computer, and the HotSync® Manager is functioning. 1. If a previous version of Lease-It! has been installed, please delete it before proceeding. If you are using a PalmOS 3.x device, first switch to the application launcher. Next, tap the MENU icon on the silkscreen area of your organizer, and select "Delete..." from the menu. Select "Lease-It" and then tap the "Delete..." button. If are using an earlier version organizer, use the built-in "Memory" application to delete the existing version of Lease-It!. 2. If you downloaded Lease-It as an archive (.zip, .sit), make sure to extract the following files using an archive utility (such as WinZip, ZipMagic, Stuffit Expander). README.TXT Documentation in text format (this file). REGISTER.TXT dpw Designs Software Registration form. LEASEIT.PRC Lease-It! application program. WinZip Nico Mak Computing, Inc. http://www.winzip.com ZipMagic Ontrack/Mijenix http://www.zipmagic.com Stuffit Expander Aladdin Systems http://www.aladdinsys.com 3. If you are already running "Palm Desktop" on your computer, click on the "Install" button, and follow the prompts to install Lease-It! Otherwise, select the "Palm Desktop" folder on your computer and run the "Palm Install Tool" to install the LEASEIT.PRC program file. 5. Finally, synchronize (HotSync) your organizer to transfer the application from your computer to your organizer. For additional information on installing new applications, please consult the documentation supplied with your organizer. ---------------------------------------- Using the Application ---------------------------------------- Lease-It! performs several lease calculations. The most basic lease calculation is the determining a monthly payment. Lease-It also provides the ability to run "what-if" scenarios to determine how various factors will effect the desired outcome. For example, to determine what Capitalized Cost Reduction is required to arrive at a particular Monthly Payment. This flexibility allows you to: o Determine the car you can afford, based on monthly payments. o Find your negotiating range when bargaining. o Know when you're getting a good deal . . . or a bad one! To launch Lease-It!, simply tap the "dollar sign" icon from within the application launcher. If the program has not been registered, the registration reminder is displayed. If you are not ready to register, tap the "Maybe Later" button to skip to the lease worksheet selection list. The Lease Worksheet Selection List The lease worksheet selection list allows you to open an existing worksheet, or to create a new one. To create a new worksheet, tap the "New" button in the lower left corner of the form. At the Lease Worksheet Name dialog, enter the name you would like to assign to this profile. To do so, first tap the field (the underlined area below Name:) to select it. Then, using Graffiti® or the popup keyboard, enter the desired information. Next, tap the "OK" button to begin working on your lease. If lease worksheets have already been created, simply tap the name of the desired lease to select it. If the desired worksheet is not displayed, you may use the scrollbar on the right side of the screen to scroll through the list. You may also use the up and down buttons to page through the list of profiles. Then tap the lease worksheet name to select it. The Lease Worksheet The lease worksheet provides a simple, and flexible means to enter lease parameters and to view the results of your calculations. To select the calculation type, tap the popup list in the upper-right corner of the form. You may solve for the following items: o Capitalized Cost o Cap. Cost Reduction o Term o Interest Rate / Money Factor o Monthly Payment Once this selection is made, enter data in the fields below to arrive at the desired solution. You may use Graffiti® or the onscreen keyboard to enter this information. Please note that in some cases, an "Err" may be displayed, which means one or more of the lease parameters entered is incomplete or out of range. Several lease parameters may be entered in alternate formats. You may choose Residual Value or Residual Factor, and Money Factor or Interest Rate. Tap the popup list to select the desired format. To help determine the Capitalized Cost and Capitalized Cost Reduction values, a popup calculator is included. Tap the "Magnifying Glass" icon to display the respective calculator. ------- Capitalized Cost ------ Acquisition Fee: $ __________ Tag/Title Payment: $ __________ Processing Fee: $ __________ Prev. Loan Balance: $ __________ ------ Cap Cost Reduction ----- Down Payment: $ __________ Trade-In: $ __________ Dealer Incentive: $ __________ Rebate: $ __________ After entering the desired values, tap "OK" to confirm these values or tap "Cancel" to quit and return to the worksheet. This is a one-way calculation, so if you change the Capitalized Cost or Cap Cost Reduction values directly, the respective values in the popup calculators will not be updated. The values in the popup calculators are saved with your lease worksheet for quick reference at a later time. If you are finished, and would like to return to the Lease Worksheet Selection List, tap the "Done" button at the bottom of the form. Setting Up Tax Options The first time you use Lease-It!, you may want to set up your tax options. These options allow you to specify Sales/Use and Luxury tax rates, as well as several other tax parameters. To select your tax Options, tap the menu icon, select the "Options" menu and choose "Taxes...". To enable Sales/Use or Luxury tax calculations, check the box preceding it. --------- Tax Options --------- X Sales/Use Tax Apply to: v Monthly Payment Rate: _____6.5_ % X Luxury Tax Base: $_3,8000_ Rate: _____5.0_ % Sales/Use tax calculations can be based upon the Monthly Payment, Depreciation Only or the Capitalized Cost. After selecting the desired tax type, enter the desired tax rate (in percent). Luxury Tax applied only to leases above a base value. The base and tax rate are on a sliding schedule, and for the year 2000 it is calculated as 5% on amounts above $38,000. This default value may be modified as required. If you would like to save the changes, tap "OK". Otherwise click "Cancel". Menu Options Several additional commands are available by tapping on the MENU icon located on the silkscreen below the display. These commands include: Lease Worksheet Selection List Commands Register... Display the registration information screen. This screen is only displayed if the application has not been registered. Options Preferences... Modify the default fees and payments in the Capitalized Cost calculation popup. Taxes... Select if sales/use tax and luxury tax is to be applied to the monthly payment. This option also allows the tax rates and several other options to be modified. About Lease-It! Basic information on Lease-It and version number. Lease Worksheet Commands Erase Clear all of the fields on the form. Delete Record... Delete the current record from the lease profile database. Register... Display the registration information screen. This screen is only displayed if the application has not been registered. Edit Undo Undo the last edit operation. Cut Remove the highlighted text from the field and place into the clipboard. Copy Copy the highlighted text from the field into the clipboard. Paste Place the text into the clipboard. Keyboard Display the onscreen keyboard. Please note that a field must be selected for the keyboard to appear. Options Preferences... Modify the default fees and payments in the Capitalized Cost calculation popup. Taxes... Select if sales/use tax and luxury tax is to be applied to the monthly payment. This option also allows the tax rates and several other options to be modified. About Lease-It! Basic information on Lease-It and version number. Example Calculations EXAMPLE: Calculating Monthly Payment Solve for: v Monthly Payment MSRP: $ 24,600.00 Capitalized Cost: $ 24,600.00 Cap Cost. Reduction: $ 6,600.00 v Residual Value: $ 14,000.00 Term: 36.0 mos v Money Factor: 0.00375 Base: $ 231.11 Taxes: $ Monthly Payment: $ 231.11 <-- Solve for EXAMPLE: Calculating Capitalized Cost Solve for: v Capitalized Cost MSRP: $ 24,600.00 Capitalized Cost: $ 23613.22 <-- Solve for Cap Cost. Reduction: $ 6,600.00 v Residual Value: $ 14,000.00 Term: 36.0 mos v Money Factor: 0.00375 Base: $ Taxes: $ Monthly Payment: $ 200.00 <-- Desired EXAMPLE: Calculating Capitalized Cost Reduction Solve for: v Cap. Cost Reduction MSRP: $ 24,600.00 Capitalized Cost: $ 24,000.00 Cap Cost. Reduction: $ 6986.78 <-- Solve for v Residual Factor: 56.91 % Term: 36.0 mos v Interest Rate: 9.00 % Base: $ Taxes: $ Monthly Payment: $ 200.00 <-- Desired ---------------------------------------- Terms and Definitions ---------------------------------------- Leasing Formula: Monthly Payment = Depreciation Fee + Finance Fee + Tax Net. Cap Cost = Capitalized Cost - Cap. Cost Reduction Depreciation Fee = (Net. Cap Cost - Residual) / Lease Term Finance Fee = (Net. Cap Cost + Residual) x Money Factor Manufacturer Suggested Retail Price (MSRP) The advertised or "sticker" price of the vehicle. Capitalized Cost The price that the lease will be based upon. This value may also include certain fees, such as an acquisition fee. If a vehicle is being traded in, Capitalized Cost may also include your remaining loan balance. Capitalized Cost Reduction Reductions in the Capitalized Cost by customer rebates, factory-to-dealer incentives, trade-ins and down payments. Residual Value / Residual Factor Residual Value is the worth of the vehicle at the end of the lease term, after depreciation. Typically residuals are stated as a percentage of MSRP. A 60% residual on a $25,000 vehicle means the estimated depreciated value at lease-end will be $15,000. Term The term is the length of time a vehicle is leased, expressed in months. Interest Rate / Money Factor Typically, interest on the lease is expressed as a Money Factor or a Lease Factor. This is equivalent to the annual interest rate divided by 24. An annual interest rate of 6% results in a Money Factor of 0.0025. Base The Base is the monthly payment, prior to the addition of taxes. This is the sum of the monthly depreciation and finance fees. Tax Monthly usage tax (sales tax) and/or luxury tax. This is typically expressed as a percentage of the base monthly payment, and is added to the monthly payment. If "Depreciation Only" is selected in the Sales/Use tax section of the Tax Options form, tax is only applied to the monthly depreciation. Monthly Payment The amount paid monthly in return for the use of the vehicle. ---------------------------------------- Contact Info ---------------------------------------- Lease-It! is by dpw Designs (c) 1999-2000 All Rights Reserved dpw Designs Software Registrations P.O. Box 192 Norco, CA 92860-0192 USA mailto: dpw-designs@pe.net http://www.pe.net/firm/dpw-designs Don't forget to see our web site for other software products for the Palm Connected Organizers, including: Convert-It! Convert-It! is the premier unit of measure conversion tool for the Palm Connected Organizer. Use it to convert numbers between different units of measure. ---------------------------------------- Registration ---------------------------------------- This application is offered as shareware. None of the features of this product are limited or disabled in any way. It may be used on a trial basis for 30 days. If you wish to continue using it after this period, please register with us for the nominal fee indicated. By registering, you will receive the latest version, future updates, and a key to turn off the registration reminder. The registration fee for Lease-It is $10.00 dpw Designs -------------- We accept registration orders online, and by mail. You may purchase a registration from our website at: http://www.pe.net/firm/dpw-designs/products/leaseit/lease_it.html For registrations by mail, a form has been enclosed for your convenience. Please print the enclosed file REGISTER.TXT, follow the instructions and mail it to: dpw Designs Software Registrations P.O. Box 192 Norco, CA 92860-0192 USA Please make sure to include the following information: - Product Name (Convert-It, Lease-It, etc.) - Palm Pilot User Name (same as HotSync ID) - E-mail address (for sending your registration code) - Check or money order (in U.S. funds, payable to dpw Designs) PalmGear H.Q. -------------- PalmGear H.Q. accepts registrations by VISA, Mastercard, Diner's Club and American Express. In addition to their secure online web page, registrations may be placed by e-mail, postal mail, telephone and fax. http://store.yahoo.com/pilotgearsw/leaseit.html 2500 East Randol Mill Road, Suite 117 Arlington, TX 76011 USA Sales: 800-741-9070 Tel: 817.640-6558 Fax: 817.640-6614 mailto: software-orders@palmgear.com Handango -------------- Handango accepts registrations by VISA, Mastercard, Discover or American Express on their secure online web page. http://www.handango.com http://www.handango.com/basket.jsp?siteId=1&homePath=HANDANGO&addItem=777 If you are having difficulty finding your Palm Pilot User Name (also referred to as your HotSync ID), it can be found in the following places on your organizer. o From the application launcher, tap the Lease-It! icon. Next, tap the "Register..." button to display the "Please Enter Reg#" dialog. Your Palm Pilot User Name follows the text "Name:". o From the application launcher, select HotSync. If you are using a PalmOS 3.x device, your User Name is located in the upper right corner of the form. If you are using an earlier version organizer, it follows the text "Welcome". ---------------------------------------- Technical Support ---------------------------------------- Should you have any difficulties with our products, the following resources are available to you: o Please read the online information provided at our website. This will often have the answer to your question. o If you do not find the answer to your problem there, please use our online support form, or contact us via e-mail. http://www.pe.net/firm/dpw-designs/support/support.html mailto:dpw-designs@pe.net ---------------------------------------- License Agreement ---------------------------------------- This is a legal agreement between you and dpw Designs covering your use of Lease-It! Be sure to read the following agreement before using this software. IF YOU DO NOT AGREE TO THE TERMS OF THIS AGREEMENT, DO NOT USE THE SOFTWARE AND DESTROY ALL COPIES OF IT. Terms This Software is distributed as shareware. dpw Designs grants you a non-exclusive license to use the Software for a period of 30 days for evaluation purposes only. After 30 days, you are required to purchase a copy. If you do not purchase a copy after 30 days, you are required to remove the Software from your computer and/or device. Warranty This Software is provided on an "AS IS" basis, without warranty of any kind. The entire risk as to the quality and performance of the Software is borne by you. Should the Software prove defective, you, and not dpw Designs assume the entire cost of any service and repair. Distribution This Software may be redistributed for non-commercial purposes only, provided that it is made available only in its complete unmodified form with no additional files, and all users agree to the terms of this license agreement. Any other use must have prior written authorization from dpw Designs. Title dpw Designs retains all title, ownership and intellectual property rights to the Software. This Software is protected by the copyright laws and treaties of the United States. Termination The license will terminate automatically if you fail to comply with the limitations described herein. On termination, you must destroy all copies of the Software and Documentation. ---------------------------------------- Revision History ---------------------------------------- 2.1 18-Nov-00 o Added new tax option (Options... | Taxes) of "Apply to: Cap. Cost", which calculates taxes as a percentage of capitalized cost only, for states like Virginia. o Added the ability to input itemized capitalized cost and capitalized cost reduction fees, charges and payments. These fees are stored with each lease profile. o Added the ability to set defaults for Cap Cost and Cap Cost Reduction popup calculators. o Changed field defaults to blank, instead of 0, when creating a new lease profile. o Changed default luxury tax to 5% and 38,000 for year 2000. o Fixed MemoryMgrNew error, when re-launching the program after deleting the last lease profile. 2.0 19-Dec-99 o Added the ability to store/recall lease profiles. o Added Luxury Tax calculations, and modified Options|Taxes form to allow input of Luxury Tax parameters. o Modified field input to allow commas, and updated number formatting (e.g. 1,000.00). o Removed "Calculate" button and added auto-calculation feature. 1.2 26-Apr-99 o Added capability to solve for Interest Rate or Money Factor. o Added automatic tax calculation on changing the tax checkbox. 1.1 28-Jan-99 o Changed "Term" input from a popup list to a field. o Added capability to solve for "Term". o Added monthly usage tax calculation. 1.0 9-Jan-99 Initial Release ---------------------------------------- Copyright/Trademark Statement ---------------------------------------- Copyright © 1999-2000 by dpw Designs. All Rights Reserved HotSync is a registered trademark, and Palm is a trademark, of Palm, Inc. All other brands and product names may be trademarks or registered trademarks of their respective owners.