Uniqueness
MOVE! provides Lease versus Buy analyses for three different business categories of users, in addition to a non-business category. Business evaluations take the following into account:
· The full tax implications under Revenue Canada regulations, including limitations of tax deductions and input tax credits.

Features:

MOVE! is an objective measurement system, developed by an independent company

Provides a Lease versus Finance evaluation (Quote) for passenger vehicles in any one of the following categories: Corporations, Individuals with a business usage of 90% or greater, Individuals with a business usage* of less than 90%, Individuals not in business

System handles variables such as Trade-Ins, Down Payments (Cash), Lease Deposits, Purchase Options, Km Penalties and End Values

MOVE! automatically determines applicable limitations that restrict the amount of tax deductions allowed for CCA expense, Interest expense and Rental expense, and in addition, the amount of GST/HST and QST (Quebec only) ITCs (Input Tax Credits)

MOVE! can be used by Vehicle Retailers, Lessors or Lessees, Lendors or Borrowers, and Accountants or Consultants

Provides Summary and Detailed Reporting, including the ability to create User-Defined Reports

Illustrates the different components used when evaluating the two streams of cash flows and how they impact end results

*Business Usage refers to the number of kilometres driven on Business as a % of the total kilometres driven.

Benefits

Provides true reporting – MOVE! does not manipulate cash flow to favour any one option

Transferability of product between many users and many different scenarios

Enables users to make better-informed finance or lease acquisition decisions

Peace of mind for user that information is accurate. Revenue Canada sets the limitations on an annual basis, and are applicable only on passenger cars used for business purposes.

Serves as an advisory tool for clients and customers.

Provides an easy to read one page Summary Report that can be presented to a client

Provides an education tool