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"At Bridgecoast we treat our clients with the
respect they deserve."
How Does Equipment Rental Work?
When using an Equipment Rental, the financier buys the equipment on
behalf of the customer and rents it to them for fixed payments over
a fixed period.
The customer simply makes fixed monthly rent payments, and at the
end of the contract either hand back the equipment to the financier
(with no more to pay), continues the rental agreement or buys the
equipment outright at market value.
Benefits of Equipment Rental
• Flexible contact terms
•
Fixed rates
• Fixed monthly rentals
• Costs are known in advance
• Can be more cost effective than paying "cash", especially for
equipment that has a short useful life
• A residual can be applied in some cases, lowering monthly payments
• Your equipment is "off balance sheet"
• Rental
payments can be claimed as a tax deduction, which can be more tax
effective than other forms of finance.
• Rented equipment is not considered to be a business asset (or the
debt a business liability)
Tax Implications of Equipment Rental
With equipment rental the customer can claim 100% of the rnetal
payments as a tax deduction. The can e more tax effective than other
forms of finance where depreciation plus interest costs are claimed.
Want to know more?
If you have any questions, would like to know more about Equipment
Rental, or would like to get an equipment finance quote, please
complete the Online Finance Enquiry Form at the top of this
page or call us on Free Call 1800 803 428.
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