Asset purchase goals can be utilized to model the future purchase of lifestyle and business assets within a plan. These goal cards can be added within the Goals section of the Profile by clicking Add Goal > Asset Purchase. This can also be done within the Goals step of the initial data entry process for new clients.
Lifestyle Asset Purchase Goal
Lifestyle asset purchase goals can be added by clicking Add Goal > Asset Purchase > Lifestyle Asset Purchase. Click on the card to open a data entry drawer on the right side of the screen:
In addition to the Owner, Purchase price, and Year of Purchase, you'll also have full control over any Annual appreciation. If the client is purchasing the asset up front, you can enter a Down payment of 100%. If not, you can specify the Loan rate and Term to allow RightCapital to calculate a loan balance and payment schedule.
Business Asset Purchase Goal
Business purchase goals can be added by clicking Add Goal > Asset Purchase > Business Purchase. Click on the card to open a data entry drawer on the right side of the screen:
For more information on entering business assets in RightCapital, we recommend reviewing our dedicated article on Business Assets using the link below:
