"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.