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Product Information

Rental / Operating Lease

Why pay up front for all the vital equipment you need when you can rent it for an affordable monthly payment?

If you need IT, telecommunications or any other kind of equipment that is quickly obsolete, a Rental/Operating Lease can make a lot of sense.

Why it pays to rent:

• End of Term (EOT) options are flexible, which lets you upgrade or replace with new equipment; extend the rental period with reduced rental payments; or simply return the equipment - no further payments required.
• Renting means you can afford better equipment for less capital.
• Our Technology Exchange Program enables you to replace or add to existing equipment at predetermined times – so you can keep up with the best technology without adding to your monthly payments
• The monthly payments are treated as operating costs and may offer tax advantages. 
• Your rental agreement will not usually appear on your balance sheet as a liability

Hire Purchase

Hire Purchase is a staggered purchase of equipment with payment terms negotiated according to your needs. When you make the final payment, ownership is automatically and immediately transferred to you.

With a Hire Purchase agreement you gain equity in your equipment with each payment over the term of the agreement. 

Why it makes sense:

• Hire Purchase lets you keep cash flow healthy, while you make affordable payments from the additional revenue or savings generated by the use of the equipment.
• Fixed monthly payments let you budget accurately, and repayments can be structured to be payable in advance or arrears.
• You have ownership of the asset at the end of the term.
• This product may have tax advantages. Speak to your accountant for further information.

Financial Lease

Are you committed to purchasing business equipment? A Finance Lease provides 100% financing.

With a Financial Lease, we buy the equipment you want, and then lease it back to you for the term of the lease contract. There is a predetermined residual value at the end of the lease term.

Why it pays to lease:

• Less capital outlay upfront.
• Monthly payments are usually tax deductible.
• Better equipment becomes more affordable. 

Finance is subject to credit assessment and approval. Credit fees and charges are payable. Terms and conditions apply.