One vehicle is leased for a minimum price per month of $1,000. That includes all maintenance costs, insurance, and 2,000 miles per period. Extra miles over 2,000 are invoiced at $0.50 per mile.
Define this contract as follows, but take into consideration that other ways may lead to the same result:
|
Charge Category |
Subcategory |
Charge Level |
Invoice |
Rate |
Min. |
UOM Related |
|
|---|---|---|---|---|---|---|---|
|
Charge Estimated Usage |
Estimated Daily Usage |
||||||
|
Usage Charges |
Usage Based - Miles |
Transaction |
Yes |
$0.50 |
2,000 |
No |
|
The car went 1,600 miles the first month. Meter readings were entered for the complete invoicing period. The Invoice for this month will be $1,000:
|
Charge Category |
Subcategory |
Charge Level |
Amount |
|---|---|---|---|
|
Usage Charges |
All |
Charge Category |
$1,000 |
|
Usage Charges |
Usage Based |
Charge Subcategory |
$1,000 |
The car went 2100 miles the second month. The Invoice for this month will be $1050.00:
|
Charge Category |
Subcategory |
Charge Level |
Amount |
|---|---|---|---|
|
Usage Charges |
All |
Charge Category |
$1050 |
|
Usage Charges |
Usage Based |
Charge Subcategory |
$1050 |
A six-month run could look like this:
|
Invoice Period |
Month 1 |
Month 2 |
Month 3 |
Month 4 |
Month 5 |
Month 6 |
|---|---|---|---|---|---|---|
|
Minimum Quantity |
2,000 |
2,000 |
2,000 |
2,000 |
2,000 |
2,000 |
|
Actual Miles |
1,600 |
2,100 |
2,500 |
1,950 |
1,900 |
2,050 |
|
Invoice Quantity |
2,000 |
2,100 |
2,500 |
2,000 |
2,000 |
2,050 |
|
Invoice Price |
$1,000 |
$1,050 |
$1,250 |
$1,000 |
$1,000 |
$1,025 |
If you add rollover buffering to this contract:
|
Invoice Period |
Month 1 |
Month 2 |
Month 3 |
Month 4 |
Month 5 |
Month 6 |
|---|---|---|---|---|---|---|
|
Minimum Quantity |
2,000 |
2,000 |
2,000 |
2,000 |
2,000 |
2,000 |
|
Actual Miles |
1,600 |
2,100 |
2,500 |
1,950 |
1,900 |
2,050 |
|
Invoice Quantity |
2,000 |
2,000 |
2,200 |
2,000 |
2,000 |
2,000 |
|
Invoice Price |
$1,000 |
$1,000 |
$1,100 |
$1,000 |
$1,000 |
$1,000 |
|
Rollover buffer |
400 |
300 |
0 |
50 |
150 |
100 |