/Rental_agreements/

Rental agreements provides clients with uninterrupted use of the equipment, rather than ownership of the equipment.

Features:

• Repayment periods range from 12 to 60 months for Tax-Based customers and companies
• Interest rates are either linked to Prime or fixed for a period
• VAT is NOT capitalised and does not form part of the original debt. VAT is paid on the value of the each month’s rental payment
• Residual Values (RV) may be negotiated and are subject to credit approval
• All equipment rented must be comprehensively insured during the term of the agreement

Benefits:

• Falls inside OPEX budgets of companies and not CAPEX budgets
• Clients are able to enjoy the usage of expensive equipment
• Ownership of the equipment does not pass to the Client at the end of the rental term.
• The repayment period can be structured to suit the needs of the Client
• Monthly payments are TAX deductible

Best Suited For:

• Businesses using equipment who don’t want a depreciating asset on their books
• Tax-Based clients
• Companies & Corporates