Equipment Rental

When dealing through an Equipment Rental, the financier buys the equipment on behalf of the customer and rents it to them for fixed payments over a fixed period.

The customer then makes fixed monthly rent payments, and at the conclusion of the contract either hands back the equipment to the financier (with no more to pay), continues the rental agreement or buys the equipment outright (at market value).

Key Benefits

• Flexible contract terms
  
• Fixed interest rates
  
• Fixed monthly rentals
  
• Costs are known in advance
  
• Is more cost effective than cash payments for equipment with short "useful" life
  
• In some cases a residual can be applied to lower monthly payments
  
• Payments can be claimed as a tax deduction.
  
• Rented equipment is not considered to be a business asset (or the debt a business liability)