Frequently Asked Questions

What is the interest rate?

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

What if I want to upgrade To new equipment during the rental term?

That’s OK. We simply adjust the rental agreement to incorporate the cost of the new equipment and establish a new term.

Are the payments tax deductible?

Yes – up to 100%, depending on the portion of usage for the business.

What happens if something goes wrong with the equipment?

Outside the manufacturers standard warranty it is the responsibility of the customer to ensure the equipment is maintained in good working order at all times (less fair wear and tear). For maximum convenience, service and maintenance plans can be ‘built in’ to your rental agreement.

Can I add on equipment to my existing rental agreement?

Organising additional equipment during the rental term is simply a matter of signing a variation agreement. This allows you to increase your rental equipment with out extending the term, or to add equipment and extend the term so that the rental payments are similar to your current agreement. Just call the Supplier and ask for an add-on quotation.

Do the rental payments include insurance?

It is the responsibility of the customer to ensure the equipment is insured at all times. Your rental agreement can be structured with or without an insurance component. Please ask for a quote.

Who owns the equipment?

The financier does. You are only paying for the usage of the equipment during the agreed term.

What happens at the end of the rental term?

Upgrade to the latest technology with a new rental plan.

— Continue to rent.

— Return the equipment if you have no further use.

— Make an offer to purchase the equipment at a fair market value.

Can I cancel and hand back the equipment before the end of the term?

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