Equipment Trade-In

Note: You cannot add 'Equipment Trade-In' to a quotation if 'Financing Type 1 - RPO' or 'Financing Type 2 - Rental' is used.

Equipment trade-in is used when the customer has one or more existing equipment that they wish to trade-in and therefore off-set the cost against this quotation. If the equipment is not currently in your M3 Business Engine database (that is you have not sold or maintained it before) then the trade-in record will create various records in M3 Business Engine when the quotation is released to become an order. These include records in 'Equipment/Serialized Item. Open' (MMS240) and 'Equipment. Update History' (MOS290) and a sales order line in 'Customer Order. Open Line' (OIS101) with a quantity of minus one. Equipment trade-ins create quotation line type ten, and they will appear in the 'Equipment Search and Connect' function.

From the quotation detail screen, click the Trade-in tab and then press the New Trade-in button or from the All tab simply click the New trade-in button.
The related field will default from the user who is logged on, but may be changed.
Enter the item number of the equipment being traded-in. If this is an equipment that you have sold or maintained in the past then the item number will already exist.

Note: It is possible to create the trade-in record even if this is an item number that you have not been associated with before. Before releasing the quotation the item needs to be defined in the item master in 'Item. Open' (MMS001) though.
Enter the lot or serial number. This is necessary to ensure that the equipment record that is created when the quotation is released is valid. The lot number can already exist in the M3 Business Engine database if it is a vehicle that you have maintained in the past.
Enter the trade in value. This is the price that you have offered the customer for his used equipment.
Enter the evaluated value, that is how much the trade-in equipment is worth to you. This could be more or less than the trade in value. If the evaluated value is less than the trade in value then you will be making a loss on the trade-in, likewise if its more, then you are making a profit on the trade-in, indicating that you think you can sell it on to another customer at that price and make a profit.
Enter the warehouse and location that the trade-in will reside. Defaults for these values can come from the quotation header.
The manufactured date, warranty date, manufacturer, manufacturer's serial number and year model are used to update the trade-in's equipment record in 'Equipment/Serialized Item. Open' (MMS240) when the quotation is released.
The time-since-new values are used to update the equipment's record in 'Equipment. Update History' (MOS290) when the quotation is released.
Optionally enter up to ten used defined fields. These fields are defined in 'Settings - User defined EQM fields' (QUS980).
Service fields for a pre-inspection service are defaulted from the quotation type. Optionally create a work order for the pre-inspection by pressing the button 'Create Work Order'.
Click Next to save the record and return to the quotation detail screen. The trade-in records can be edited by double-clicking on them.