Vehicle Financing

Asset financing (see the following figure) refers to the niche area of capital financing where an asset is converted into a working cash flow in exchange for a security interest in the asset. For example, an auto dealer might offer a customer a lease option, where the customer pays a fixed monthly charge in exchange for using the vehicle for a predetermined period of time. In this form of leasing, the lessee has the right to use the vehicle, but does not own the vehicle. The lessee pays an up-front cost and pays monthly payments to get the right to use the vehicle. At the end of the lease, the lessee usually has several options: to buy the vehicle or pay the end-of-lease cost and walk away. The lessor must now deal with remarketing the vehicle. The lessor can lease it to another lessee or auction the vehicle to dealers or consumers.

The following table lists the entities in this ERD and their corresponding tables.

Entity	Table
Asset	S_ASSET
Contract	S_DOC_AGREE
Financial Account	S_ASSET
Financial Account State	S_FN_ACCNT_STAT
Historical Auction Price	S_VHCL_AUC_REF
Historical FMV Price	S_VHCL_FMV_REF
Historical Residual Value	S_VHCL_RSDL_REF
Product	S_PROD_INT
Service Request	S_SRV_REQ
Vehicle Consignment	S_VHCL_CNSGNMNT
Vehicle Consignment Details	S_VHCL_CNSGNDTL
Vehicle Consignment Fees	S_VHCL_CNSGNFEE
Vehicle FMV	S_VHCL_FMV
Vehicle Inspection	S_VHCL_INSPCTN
Vehicle Inspection Charges	S_VHCL_INSPCHRG
Vehicle Option at Lease	S_FNACC_AST_OPT
Vehicle Title Log	S_VHCL_TITLELOG
Vehicle Turn In	S_VHCL_TURN_IN