Australian businesses are rapidly adopting rental solutions to meet their evolving technology equipment demands. From desktops, laptops and IT equipment, to photocopiers, solar energy and office furniture, our Rental product makes it easy and affordable for your clients to have the latest equipment .
The Rental product What is the Rental product?
Rental product enables eligible commercial clients to finance the use of office technology and equipment.
What assets can be funded under the Rental product?
The following assets are examples of what can be funded under the Rental product.
• Desktops, laptops, tablets
• Monitors, screens
• Printers, photocopiers
• Audio-visual equipment
• Servers, storage
• Networking equipment
• Solar and energy-efficient equipment
• Office furniture
• Other IT equipment
• Various plant equipment Equipment not listed above will be considered on a case-by-case basis.
Note: Ongoing service charges, such as maintenance and upkeep fees (including paper and ink servicing) for the duration of the contract term, are not eligible for financing.
Can soft costs be financed under the Rental product?
Yes. Under the Rental product, up to 25% of the total invoice value for some soft costs may be financed. Eligible soft costs may include:
• Technology and equipment installation
• Software licenses
• Technology and equipment delivery
• Consultancy for professional advice/services
• Technology and equipment warranties
Soft costs not listed above will be considered on a case-by-case basis.
Note: Ongoing service charges are not eligible for financing.
Rental product enables eligible commercial clients to finance the use of office technology and equipment.
What assets can be funded under the Rental product?
The following assets are examples of what can be funded under the Rental product.
• Desktops, laptops, tablets
• Monitors, screens
• Printers, photocopiers
• Audio-visual equipment
• Servers, storage
• Networking equipment
• Solar and energy-efficient equipment
• Office furniture
• Other IT equipment
• Various plant equipment Equipment not listed above will be considered on a case-by-case basis.
Note: Ongoing service charges, such as maintenance and upkeep fees (including paper and ink servicing) for the duration of the contract term, are not eligible for financing.
Can soft costs be financed under the Rental product?
Yes. Under the Rental product, up to 25% of the total invoice value for some soft costs may be financed. Eligible soft costs may include:
• Technology and equipment installation
• Software licenses
• Technology and equipment delivery
• Consultancy for professional advice/services
• Technology and equipment warranties
Soft costs not listed above will be considered on a case-by-case basis.
Note: Ongoing service charges are not eligible for financing.
Eligibility
Is Rental available to all clients?
Rental is only available to commercial clients.
Rental is only available to commercial clients.
Who is the Rental product suitable for?
The Rental product is suitable for clients who:
• intend to use the goods predominantly for business purposes
• regularly refresh office technology and equipment
• want flexibility to either return, continue renting or offer to purchase the goods at end of term
• seek possible off balance sheet treatment
• use assets with a short term useful life or that become rapidly obsolete. For example, many technology assets need to be upgraded every three years.
• intend to use the goods predominantly for business purposes
• regularly refresh office technology and equipment
• want flexibility to either return, continue renting or offer to purchase the goods at end of term
• seek possible off balance sheet treatment
• use assets with a short term useful life or that become rapidly obsolete. For example, many technology assets need to be upgraded every three years.
Are PAYG clients (e.g. PAYG real estate agents) eligible for finance under the Rental product?
PAYG individuals are not eligible for finance under the Rental product.
Is Rental eligible under the Commercial Express policy?
Yes. Our Equipment Express policy provides your clients with a simpler way to obtain finance up to $35,000, without financials*.
What are the benefits of renting office technology and equipment for my clients?
Renting office technology and equipment offers your clients the following benefits:
• Highly competitive pricing – Our Rental product is competitively priced, which may reduce the cost of obtaining and upgrading office assets. • Improved cash flow – Clients can spread the cost of the asset over time and retain capital for other business needs.
• Keep equipment up to date – Renting enables clients to regularly upgrade outdated and highly depreciating equipment, easily and cost-effectively.
• Single lease payments – Technology and associated costs (e.g. installation, warranty, and software) can be consolidated into single lease payments.
• Ongoing tax outcomes – Rental payments may be tax-deductible.
• Streamlined approval – No financials for applications up to $35,000*.
• Broad finance offering – Leasing enables clients to rent office technology and equipment not typically catered for by other Australian financiers.
• Highly competitive pricing – Our Rental product is competitively priced, which may reduce the cost of obtaining and upgrading office assets. • Improved cash flow – Clients can spread the cost of the asset over time and retain capital for other business needs.
• Keep equipment up to date – Renting enables clients to regularly upgrade outdated and highly depreciating equipment, easily and cost-effectively.
• Single lease payments – Technology and associated costs (e.g. installation, warranty, and software) can be consolidated into single lease payments.
• Ongoing tax outcomes – Rental payments may be tax-deductible.
• Streamlined approval – No financials for applications up to $35,000*.
• Broad finance offering – Leasing enables clients to rent office technology and equipment not typically catered for by other Australian financiers.
Contract terms and payments
What is the contract term range for the Rental product?
Contract terms range from 24 months up to 60 months for most assets. Efficient lighting/LED attracts a maximum contract term of 36 months and 84 months for solar assets.
How are Rental payments calculated? Rental payments are calculated according to the type and cost of the asset and the rental term selected.
Is a residual value payable at the end of the term? No residual value is payable at the end of the term.
Why are residual values not displayed on Rental quotes? No residual value is payable at the end of term. Clients can either hand back their assets at the end of their term with no more to pay or continue renting.
What are my clients’ end of term options? Your clients have several options at the end of their Rental term:
• Continue renting – renew the agreement on a casual or fixed term basis. • Return the assets and upgrade to the latest technology.
• Make an offer to purchase the goods.
Contract terms range from 24 months up to 60 months for most assets. Efficient lighting/LED attracts a maximum contract term of 36 months and 84 months for solar assets.
How are Rental payments calculated? Rental payments are calculated according to the type and cost of the asset and the rental term selected.
Is a residual value payable at the end of the term? No residual value is payable at the end of the term.
Why are residual values not displayed on Rental quotes? No residual value is payable at the end of term. Clients can either hand back their assets at the end of their term with no more to pay or continue renting.
What are my clients’ end of term options? Your clients have several options at the end of their Rental term:
• Continue renting – renew the agreement on a casual or fixed term basis. • Return the assets and upgrade to the latest technology.
• Make an offer to purchase the goods.
Applications
Can you rent multiple assets in a single application?
Yes, a rental application can include multiple assets from multiple asset classes.
This excludes photocopiers, printers, efficient lighting and solar panels, which must be submitted as individual rental applications. For example, a client can apply for 10 photocopiers in one rental application but a client cannot apply for 10 photocopiers and five laptops in one rental application.
Yes, a rental application can include multiple assets from multiple asset classes.
This excludes photocopiers, printers, efficient lighting and solar panels, which must be submitted as individual rental applications. For example, a client can apply for 10 photocopiers in one rental application but a client cannot apply for 10 photocopiers and five laptops in one rental application.
Can assets be added to an existing Rental agreement?
Assets cannot be added to an existing Rental agreement. To finance additional assets, a new application must be completed.
If you have any questions please feel free to contact us
We're here to help
CONTACT US
Make an appointment Our Blog Feedback Introduce A Friend Do you have a question Complaints Compliments Mailing Address: PO Box 3072 St Marys South NSW 2760 Australia |
CONNECT WITH US
Copyright 2015 1300WHATLOANS . ABN 909 24 823 961. Australian Credit Representative Licence Number 417176. Privacy | Disclaimer | General Advice Warning | Sitemap | 1300whatloan.com.au |