DESIGN AND IMPLEMENTATION OF AUTOMOBILE LEASING SYSTEM

ABSTRACT

Automobile leasing is the principal business activity for most commercial automobile which facilitates leasing of automobile (cars) to customers that met the automobile leasing criteria. The aim of the study is to Design and Implement an Automobile Leasing System. In achieving this aim, the following specific objectives were laid out to develop a system that will give customers all models and brand of automobile available for lease and their cost of leasing it for a period of one month, develop a system that will keep track of all leased cars and the time due for return, and develop an efficient system that is reliable and can sid in management decision making. The actual problem Marlum Automobile Company is facing the non-existence of an automated system that will show on prompt the available cars for lease. The methodology adopted in this study is the object oriented analysis and design methodology (OOADM) which is a technical approach for analyzing and designing an application or system by applying object throughout the software development process. The programming language used is HTML, CSS, JAVASCRIPT, PHP, SQL and JQUERY. The reason why web programming languages was used is because, it is platform independent and it is a web based application. This study will be of immense benefit to automobile companies and other researchers who intend to know more on this study and can also be used by non-researchers to build more on their research work. This study contributes to knowledge and could serve as a guide for other study. The expected result is an Automobile leasing system that will process customer’s selected items in a automobile company, and the system will generates an accurate lease amount for payment or leasing purpose.

CHAPTER ONE

1.1 Introduction

Automobile leasing is the principal business activity for most commercial automobile which facilitates leasing of automobile (cars) to customers that met the automobile leasing criteria. This booklet, written for the benefit of both examiners and automobile company, discusses the elements of an effective LPM process. Traditional practices rely too much on trailing indicators of credit quality such as delinquency, non-accrual, and risk rating trends. Automobiles have found that these indicators do not provide sufficient lead time for corrective action when there is a systemic increase in risk. credit risk profile and with more tools to analyze and control the risk.

As a prelude to other parts of this study, this chapter will discuss the background upon which this study was initiated, the statement of problems that led to this study, the Aim and Objectives of the study. Others are Significance of the study, Scope of work, Limitations of the Study and Definition of technical terms.

1.2 Background of Study

The history of resources (car) leasing in Nigeria is a short one but the trend is growing as more organizations get into the provision of this services and strive to be ahead of completions. This car leasing is gaming ground in Nigeria due to the fact that a lot of people cannot afford to buy their own cars. The fall of Naria has resulted in up shoot of prices of vehicles as can be seen in 1993, when the cost a luxury bus was 3 million Naira but in 1995 it came to 17 million Naira. Owing to the price increase, people prefer to lease cars rather save for ages before buying one. More over tere exist a wide range of cars people can lease for different purpose. There are cars for inter city and business travels. Their cars for research students and holiday makers. There are trucks for converying heavy-duty machinery and long vehicles for goods. Marlum construction company is one organization that such services to individuals and cooperate organization. It has its main office at Emene in Enugu.

Due to the large number of vehicle brands operated by enterprises, there are many problems in the traditional manual management mode, such as the untimely update of automobile information. When the user purchases a car, due to the limitation of manual registration, the inventory in the library cannot be updated in time, which is inconvenient for customers to purchase and order. Because it is a manual registration, so there are manual changes in the business to cover up the suspected, unable to accurately and quickly assess the performance of sales staff, sales staff resigned when the loss of a serious phenomenon; Management information is independent of each other, and backward market forecasting means and methods will affect enterprise decision-making. The imperfect command of market information and competition information will lose the good opportunity of competition. The advantage of the new system is to use the computer to complete a lot of work that was done by the staff manually, to achieve a reasonable and full use of existing resources, reduce work pressure; The adoption of the new system can realize the management function of the commodity sales information and data, which is convenient for the staff operation, optimize the enterprise management ability, enhance the enterprise efficiency and increase the competitiveness.

The challenges encountered that led to the execution of the research work is that the actual problem Marlum Autombile Company is facing the non-existence of an automated system that will show on prompt the available cars for lease. it’s leasing cost for minimum duration of one month. This has made it difficult for clients to know the brand of cars available and the ones leased out and time they are due for return. It has impeded the rate of business, for most customers want an on the spot information so as to enable then make decision.

It is against the background that the developments of this software to enable customer’s take prompt decisions as regards their needs, so the software users should not give false appointment information that is out of the software deeds. This research work is based on providing adequate information about Automobile leasing records. At the end of this project, the research work, the software will be able to provide precise and concise patient records from the database.

1.3 Statement of the Problem

The actual problem Marlum Automobile Company is facing the non-existence of an automated system that will show on prompt the available cars for lease. it’s leasing cost for minimum duration of one month.

This has made it difficult for clients to know the brand of cars available and the ones leased out and time they are due for return. It has impeded the rate of business, for most customers want an on the spot information so as to enable then make decision.

1.4 Aims and Objectives of Study

The aim of the study is to Design and Implement an Automobile Leasing System. In achieving this aim, the following specific objectives were laid out as follows:

To develop a system that will give customers all models and brand of automobile available for lease and their cost of leasing it for a period of one month.
To develop a system that will keep track of all leased cars and the time due for return.
To develop an efficient system that is reliable and can sid in management decision making.

1.5 Significance of Study

This study will be of immense benefit to automobile companies and other researchers who intend to know more on this study and can also be used by non-researchers to build more on their research work. This study contributes to knowledge and could serve as a guide for other study.

1.6 Scope of Study

The scope of this research work still remains the leasing section of Marlum Automobile Company. This research work coves specifically only leasing of automobiles to companies. All other leasing activities concerning machines and other heavy-duty equipment are not concerned.

1.7 Limitations of the Study

During the course of this study, many things militated against its completion, some of which are:

Time Constraint: The time frame given to accomplish this project was very short due to school academic calendar and it was carried out under pressure which made the researcher not to implement some necessary features.
Establishment Policies: Establishment policies posed a serious limitation as most staffs are not ready to release information needed for this project work. There were lots of information needed from the staffs of this institution to enhance the study which took them time to release or they did not release at all for security purposes, hence the scope was reduced.
Research material: availability of research material is a major setback to the scope of the study.
Frequent power failure: This made the researcher append more money on fuel to ensure sustainable power.
Financial Constraint: Insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection (internet).

1.8 Definition of Terms

Debt: An amount of money, a service, or an item of property that is owed to somebody

Loan: An amount of money given to somebody on the condition that it will be paid back later.

Leasing: To allow a person or business to use a sum of money for a particular period of time, usually on condition that a charge interest is paid in return

Guarantor: Somebody who gives a guarantee, especially a formal promise to be responsible for somebody else’s debts or obligations.

…

CHAPTER TWO

2.0 Literature Review

2.1 Introduction

The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …

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TABLE OF CONTENTS
PRELIMINARY PAGES

Title page
Approval page
Dedication
Acknowledgement
Table of Contents
Abstract
CHAPTER ONE

INTRODUCTION

1.1 Introduction

1.2 Background of Study

1.3 Statement of the Problem

1.4 Aims and Objectives of Study

1.5 Significance of Study

1.6 Scope of Study

1.7 Limitations of the study

1.8 Definition of Terms

CHAPTER TWO

LITERATURE REVIEW

2.1 Introduction

2.2 Concept of Automobile Loan Management

2.2.1 Personal Automobile Lease

2.2.2 Unsecured Automobile Leases

2.2.3 Automobile Lease Demand

2.2.4 Subsidized Automobile Lease

2.2.5 Concessional Automobile Lease

2.2.6 Target markets Automobile Lease

2.3 Advantages and Disadvantages of a Automobile Lease

2.4 Types of Automobile Lease

2.5 Concept of Automobile Lease

2.5 Benefits of Borrowing a Automobile Lease

2.6 Brief History of Leasing

2.8 Automobile Lease Application Process

2.8.1 Automobile Lease Application

2.9 Areas of Obtaining a Personal Automobile Lease

CHAPTER THREE

SYSTEM ANALYSIS AND DESIGN

3.1 Methodology Adopted

3.2 Process for Analysis for SSADM & SSADM Technique

3.3 Analysis of the Existing System

3.3.1 Diagram of the Existing System

3.3.2 Weakness of the existing System

3.4 Analysis of the Proposed System

3.4.1 Advantages of the Proposed System

3.5 Justification of the Proposed System

3.6 High Level Model of the Proposed System

CHAPTER FOUR

SYSTEM DESIGN AND IMPLEMENTATION

4.1 Objectives of the Design

4.2 Control Center / Overall Dataflow Diagram

4.3 The Submenus / Subsystems

4.4 System Specification

4.4.1 Database Design Specification

4.4.2 Input and Output Format

4.4.3 Algorithm

4.4.4 Data Dictionary

4.5 System Flow

4.6 System Implementation

4.6.1 Proposed System Requirement

4.6.1.1 Hardware Requirements

4.6.1.2 Software Requirements

4.6.2 Program Development

4.6.2.1 Choice of programming environment

4.6.3 System Testing

4.6.3.1 Test Plan

4.6.3.2 Test Data

4.6.3.3 Actual test Result Versus Expected Test Result

4.6.3.4 Performance Evaluation

4.6.3.5 Limitation of the System

4.6.4 System Security

4.6.5 Training

4.6.6 Documentation

4.6.7 System Conversion

4.6.7.1 Changeover Procedure

4.6.7.2 Recommended Procedure

CHAPTER FIVE

SUMMARY, CONCLUSION AND RECOMMENDATION

5.1 Introduction

5.2 Summary

5.3 Conclusion

5.4 Recommendation

REFERENCES

APPENDIX A - “SOURCE CODE”

APPENDIX B - “OBJECT PROGRAM”

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