Rental Funding FAQs

What is the interest rate?
Unlike a loan, there is no interest rate because you are paying for the use of the equipment over a fixed term. You are not repaying a loan.

What happens at the end of the term?
You have four end of term options:

• Continue to rent.
• Upgrade to the latest technology with a new rental plan.
• You can make an offer to purchase equipment at fair market value.
• Return the equipment if you have no further use.

What if I want to upgrade to new equipment during the rental term
That's OK. We simply adjust the rentals to incorporate the cost of the new equipment, and establish a new term.

Are my payments tax deductible?
Yes up to 100% depending on the proportion of usage for business purposes.

What happens if something goes wrong with the equipment?
Most equipment is covered by a 12 month manufacturer's warranty (check your supplier). and maintenance and to keep the equipment in good working order and insured at all times. Service and maintenance plans can be built into your rental agreement.

Can I cancel and hand back the rental equipment before the end of the term?
If you return the equipment before the end of the rental term, you must pay for the balance owing. Most clients prefer to upgrade to new equipment and take out a new rental agreement.

Can I add-on equipment to my existing rental agreement during the rental term?
Yes you can by simply signing our variation agreement. This allow you to increase the rentals without extending the term, or extend the rental term to try and maintain a similar monthly rental cash flow as per your existing rentals agreement.

Can you rent equipment other than office technology?
Yes. We have assisted many businesses and industries to acquire various major assets through a Rental Plan.

How does a Rental option compare to other options?
Click here for a full comparison.

For further assistance, please don't hesitate to contact us.