Rental/Operating Lease

Rental/ Operating Lease

Rental is designed to accommodate changes and additions. Finance Leasing and Hire Purchase methods were not designed to cope with accelerating technology. They do not allow for any upgrade of equipment and can leave you with a residual value at the end.

Rental is ideal for technology based equipment, for example: computers, photocopiers, communication equipment, office, medical, scientific and plant equipment.

Rental gives you all the benefits of the equipment without the risks of ownership. At the end of the rental period, the equipment can be handed back with no obligation or purchased at an agreed value.

Implementing a Rental solution means your money is invested where it works best and not tied up in rapidly depreciating assets with little resale value. Why commit vital working capital up front on equipment that may rapidly become obsolete. Payments can be fixed so you can easily forecast and change your rentals to match your changing budget.

You also maintain the flexibility to swap your equipment and still keep the ease of one known payment, for a known term, generating a known cash flow.

Rental/Operating Lease offers:
Off balance sheet accounting as payments are treated as a tax-deductible expense item on your Profit & Loss accounts.
No additional security is generally required other than the equipment being purchased.
An extremely flexible finance option where you can add, delete or vary the contract during the term.
Rentals are an expense item, which could improve a Company's position when they need to borrow.

Master Rental Agreement
A Master Rental Agreement is highly recommended for small to large businesses and government departments. Master Rental Agreements allocate the funding necessary for current and future equipment rentals, removing the need for additional contracts, providing the client with access to multiple draw downs over the period of the agreement. Each draw down requires a rental schedule to be produced and signed by the authorised signatory. Rentals are not available to finance motor vehicles. They are also not available to individuals for personal use.

What application information is required?
Please submit a BUSINESS application form and relevant financial information.

[Print out business application form for fax]

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Disclaimer: Multilease has made every effort to ensure that the material contained on this page is factually correct as at 26th March 2010. However, Multilease does not purport to provide taxation or legal advice and recommends that you consult your financial or taxation adviser for specific advice suited to your own circumstances. Multilease shall not be liable for loss or damage sustained by person acting in reliance of this material.