---
schema_version: "1"
id: 8abc2272d12af72f7f464c97218e2f41c7ab39d607d6d95b205e0578498f8c7c
title: Configure Stipulations for Vehicle Loans and Leases
collection: admin
version: current
locale: en-us
portal_url: https://docs.salesforce.com/admin/current/en-us/ind/264-0-0/auto_finance_lending_create_terms.md
canonical_url: https://help.salesforce.com/s/articleView?id=ind.auto_finance_lending_create_terms.htm&release=264.0.0&type=5
source_site: help.salesforce.com
content_type: documentation
content_hash: ccf450f3fcc9c7f4643342527df13c9afb8b11b0184007334abdbe74f0d2f31b
description: Create Term records to represent a repository of stipulations that underwriters can add to loan and lease applications. A stipulation is a condition that improves the eligibility for a loan or lease. Typical examples include adding a co-applicant, providing additional proof of employment or income, or increasing the credit score. When an underwriter at a captive finance or banking organization creates a proposal for an application form product, they can add multiple terms to the proposal as stipulations.
products:
  - Automotive
release: "264"
---
# Configure Stipulations for Vehicle Loans and Leases

Create Term records to represent a repository of stipulations that underwriters can add to loan and lease applications. A stipulation is a condition that improves the eligibility for a loan or lease. Typical examples include adding a co-applicant, providing additional proof of employment or income, or increasing the credit score. When an underwriter at a captive finance or banking organization creates a proposal for an application form product, they can add multiple terms to the proposal as stipulations.

### Required Editions

<table class="slds-table slds-table_bordered slds-max-medium-table_stacked slds-m-bottom_small edition"><colgroup><col></colgroup><tbody><tr class=""><td class="slds-cell-wrap" style="vertical-align:top;">Available in: <strong>Enterprise</strong>, <strong>Unlimited</strong>, and <strong>Developer</strong> Editions.</td></tr></tbody></table>

<table class="slds-table slds-table_bordered slds-max-medium-table_stacked slds-m-bottom_small permission">
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            <th scope="colgroup" class="slds-cell-wrap" colspan="2" style="text-align:center;vertical-align:top;" id="d66586e63">User Permissions Needed</th>
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            <td data-label="User Permissions Needed" class="slds-cell-wrap" style="vertical-align:top;" headers="d66586e63 ">To create terms:</td>

            <td class="slds-cell-wrap" style="vertical-align:top;" headers="d66586e63 ">Vehicle and Asset Lending permission set</td>

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[Set up values for the Type and Subtype picklist fields on the Term object.](https://help.salesforce.com/s/articleView?id=ind.auto_finance_lending_custom_picklist_values.htm&release=264.0.0&type=5 "Give the best experience to underwriters, agents, applicants, and dealers by making sure you configure picklist values for certain fields on the objects related to Vehicle and Asset Lending before you use the features.")

1. From the App Launcher, find and select **Terms**.
2. Click **New**.
3. Enter a name and a detailed description.
4. Select a type. For example, Additional Details.
5. Select a subtype, if applicable. For example, Identity Proof Requirements.
6. Select the period for which the term is effective.
7. To make the term available for selection, select the **Active** checkbox.
8. Save your changes.
9. Repeat the steps to create other stipulations.
10. Create term related objects to associate these terms to your financial products.
    1. From the App Launcher, find and select **Term Related Objects**.
    2. Click **New**.
    3. For Reference Object, select **Product**, and search for and select a financial product. For example, Automotive Lease.
        
        See [Create Financial Products for Vehicle and Asset Lending](https://help.salesforce.com/s/articleView?id=ind.auto_finance_lending_setup_create_products.htm&type=5&language=en_US).
    4. Select the associated term record created in steps 1 to 8.
    5. Select the period for which the term is effective.
    6. Select **Active**.
    7. Save your changes.
    8. Repeat the steps to create term related object records for the other stipulations.