RTA Web Vehicle - Financial Tab
The financial tab holds multiple panels all designed to hold pertinent information pertaining to vehicle financials. This article will cover all the panels and fields found in the financial tab.
You can visit Vehicle File Table of Contents to access the full list of articles related to Displayed Vehicle Data in RTA Web here.
Denotes fields that are editable within RTA Web by clicking in the field, entering the data, and clicking the check mark
Financial Information Panel
The financial information panel is segmented into 4 categories: Purchase Information, Licensing, Insurance, and options. See below for descriptions of each field in this panel.
Purchase Information
- Purchase Price: vehicle's purchase price
- Purchase Date: date of vehicle purchase
Licensing
- Licensing Per Year: Cost of vehicle licensing/registration on a yearly basis
Licensing Per Period: Auto-calculates the cost per month based on the annual cost entered
Licensing Life: Auto-calculates the total cost of licensing for the life of the vehicle
Insurance
- Insurance Per Year: Cost of vehicle insurance on a yearly basis
Insurance Per Period: Auto-calculates the cost per month based on the annual cost entered
Insurance Life: Auto-calculates the cost per month based on the annual cost entered
Options
- Leased: select if the vehicle is leased
- Owned: select if the vehicle is owned
Depreciation Panel
The depreciation panel lists vehicle depreciation information. See below for descriptions of each field in this panel.
- Purchase Price: vehicle’s purchase price
- Residual Value: estimated trade-in value
- Depreciation Periods: total number of depreciation periods for the vehicle
- Periods Remaining: total number of depreciation periods remaining for the vehicle
Current Value: auto-calculates based on depreciation data entered
Depreciation Per Period: auto-calculates based on depreciation data entered
When entering depreciation for partially depreciated vehicles, the amount already depreciated does not post to the vehicle's life costs—in other words, the cost is not retroactive. To account for previously depreciated costs, an entry can be posted in the Audit File Adjustments option