BlogQuick Quote Payout Calculator
Quick Quote Payout Calculator
Are you familiar with the payout calculator to determine an estimated lien payout? Here’s how it works….
STEP ONE- Click on “Quick Quote” from your
“Deals” database, located in top left corner. You can also access Quick
Quote from the deal page if you have already begun inputting the deal.
STEP TWO- Under “Payout Calculator” at
right, enter the amount of the monthly payment, enter the interest rate
for the loan, enter the term of the loan under “amortization period”
and finally enter the number of payments already made to the loan. Any
of these amounts can be estimated in order to get an estimated payout.
STEP THREE- Tab out of the final “# of
payments made” field and the estimated payout automatically appears.
You now have the option of canceling out of
the Quick Quote and entering the lien amount into the working deal or
you can save the information in a new deal by clicking on “apply
payout” then “save” and you can now add the customer information and
the inventory to the new deal page.