Hire Purchase (HP) offers a simple and popular method of repayment; you pay back the total amount borrowed plus charges over the selected term of the agreement.

Personal Contract Purchase (PCP) offers reduced monthly payments for any specific term by offsetting a percentage of the vehicle's potential future value. PCP has the added benefit of the finance company guaranteeing the future value subject to a maximum vehicle mileage.

Lease Purchase/Low Payment Plan (LP) offers reduced monthly payments for any specific term by offsetting a percentage of the vehicle's potential future value. The customer is responsible for settling the final value payment at the end of the agreement.

RV stands for Residual Value and is used in calculations such as PCP and LP. The RV is a record of the future value of the vehicle in question based on its age and mileage covered.

Cash Price refers to the asking price of the vehicle in question.

This information is used to calculate the 'Balance To Finance' so that the monthly payment figures can be calculated for the vehicle.

Registration Date refers to the date that the vehicle in question was registered in the UK with the DVLA.

This information is used in conjunction with both the Term Length and the Annual Mileage (for RV based calculations). All calculations are limited on the age of a vehicle that they can calculate on so the registration date is need to work out the age of the vehicle at the end of the term period. This used with the annual mileage information will be used to calculate the RV of the vehicle.

The Deposit is the amount that the customer has to put down against the vehicle in question. This could be either a cash amount or it could be the amount resulting from a part exchange of their current vehicle.

This information is used to calculate the 'Balance To Finance' figure, which is simply the Cash Price of the vehicle minus the Deposit. The monthly payment figures are then calculated using this 'Balance To Finance' figure.

Annual Mileage refers the the antisipated number of miles the customer expects to cover per annum during the term of agreement.

This information is used for RV based finance calculations as the supplied annual mileage will effect the RV of the vehicle and therefore the finance quotation. The higher the supplied annual mileage the lower the vehicle RV will be, increasing the monthly cost of the vehicle.

The Term Length refers to the length of time in months that the customer wishes to take finance for the vehicle over and makes up the term of agreement value.

The term length is required as this will affect the monthly finance payment; the longer the term is the lower the monthly payment. The term length will also affect the RV of a vehicle which is used in the calculation of some finance products such as PCP and LP.

Current Mileage refers to the mileage that the vehicle in question has covered to date.

This information is used by calculations such as PCP and LP to work out the RV of the vehicle. The estimated annual mileage is added to the current mileage of the vehicle over the selected term length to calculate the mileage of the vehicle at the end of ther term of agreement and in conjunction with the vehicle age at this time an RV can be calculated.

CapCode refers to either a 14-20 character code or an ID that uniquely identifies the derivative of the vehicle in question. CAP is a company that supplies details of all vehicle derivatives that have been manufactured and assigns them a code and an ID.

This information is used to allow for easy selection of that vehicles' details and residual value data allowing for RV based calculations to be performed.

Registration Number refers to the UK vehicle identification plate registered with the DVLA for the vehicle in question. This can be either the original registration number supplied by the manufacturer or a personal plate that has been registered to the vehicle to the DVLA.

This information is not used in any of the finance calculations but instead is required to be passed through to the online finance application form that is supplied as part of the Embedded Javascript Popup service that is offered by Codeweavers.

Rate Type refers to one of the following values: ~

• Annual Percentage Rate (APR) - If APR is supplied then the Rate value will need to be supplied as a percentage value. The value supplied here will directly relate the the APR returned in the calculation.
• Commission - If Commission is supplied then the Rate value will need to be supplied as a cash amount. The value supplied here will relate directly to the Commission returned in the calculation.
• Customer Rate - Ususally either Flat Rate or Yield. If Customer Rate is supplied then the Rate value will need to be supplied as a percentage value. The value supplied here will relate directly to the Customer Rate returned in the calculation.

There is a troubleshooting guide as part of the Javascript Embedded Popup Documentation that should contain the answers you require.
If you are still having difficulties then you can contact us on 0870 44 30 888 or at support@codeweavers.net