| FAQ - 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 without 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? |
RETURN
Return the goods at no charge or residual responsibility.
UPGRADE Upgrade to new equipment.
RENT Continue to rent at a reduced
rental rate for a fixed term or continue on a month
to month basis.
BUY Make an
offer to buy the goods at their 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. |
