Setting the Reserve Calculation (Lender)

VUE is a permissions-driven system that tailors security access to suit each users needs.  Access to each menu item is managed by an Administrator at your dealership.  See the Help article on  Roles and Permission to learn how.

See the Permissions Reference Guide to understand what permissions to assign.

Sales > Maintenance > Sales > Lenders

Inside the Primary Grid:

1. Filter/Sort the primary grid to locate the Lending Company.

2. Select a Lender by clicking on the corresponding line.

Within the Lenders screen:

1. Click the Reserve dropdown for Sale.

2. Refer to the Code Calculation list below and select the appropriate reserve code from the dropdown.

3. Input the lender's percentage split in the field next to the Reserve code. (Example 25.00000 = 25% of the Reserve goes to the Lender).

4. If applicable, Click the Reserve dropdown for Lease.

5. Refer to the Code Calculation list below and select the appropriate reserve code from the dropdown.

6. Click the [Save] button in the Action Ribbon.

Code Calculation Formulas

Finance Reserves

Code 1 = (Finance Charges @ Sell Rate) - (Finance Charges @ Buy Rate)

Code 2 = [(Sell Rate - Buy Rate) / Sell Rate] * Finance Charges @ Sell Rate

Code 3 = [(Sell Rate – Buy Rate) ÷ Buy Rate] × Finance Charges @ Buy Rate

Code 4 = Finance Charges @ (Sell Rate - Buy Rate)

Code 8 = Finance charges - finance charges @ buy rate, no adjustment for loan fee/prepaid fee

Code B = (Payment @ Sell Rate – Payment @ Buy Rate) × Term

Code F = Fair Ratio Method: Total Finance Charge – [ (Buy Rate/Sell Rate) x Total Finance Charges]

Code G = 1.75% of the Amount Financed

Code I = (Finance Charges @ Sell Rate – Finance Charges @ Buy Rate) × Dealer Reserve %

• Based on Schedule: 

• • If Sell Rate minus Buy Rate = 0.00 to 1.00, Bank Percentage = 0 and Dealer percentage = 100%

  • If Sell Rate minus Buy Rate = 1.01 to 2.00, Bank Percentage = 20% and Dealer Percentage = 80%

  • If Sell Rate minus Buy Rate = 2.01 and up, Bank Percentage = 30% and Dealer Percentage = 70%

Code J = ([New APR – Buy Rate] ÷ New APR) × (Finance Charge – Loan Processing Fee)

Code K = Retail calc: Difference of finance charges at APR - finance charges at buy rate (like type “1”) Then look at difference between sell and buy rates - apply 80% for rate differences greater than 0.51 .  Else full reserve.

Code M = (Payment @ Sale Rate - Payment @ Buy Rate) x Term

Code N = [(Original Sell Rate - Buy Rate)/Original Sell Rate] x (Amount Financed - Loan Processing Fee)

Code P = Finance Charges @ New APR - Finance Charges @ New Buy Rate

Code Z = ((Total Finance Charge - Loan Origination Fee) * Rate Variance * Split Percentage / 100)

AMTFIN = See Sales > Maint > Sales > Lender > Flat Rate tab > Amount Financed tab

SPREAD = See Sales > Maint > Sales > Lender > Flat Rate tab > Rate Spread tab

Lease Reserves

Code 2 = (Rent @ Sell Rate) - (Rent @ Buy Rate) * Term

Code A = “For APR:” Net Cap Cost × (Buy Rate ÷ 100) “For MRF” Net Cap Cost × (Buy Rate *10)

Code B = Dealer Participation Factor x Term

Code W = [(Adjusted Cap Cost + Residual) × Dealer Participation Factor × Term] × Dealer Reserve Percentage

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