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Equipment Rental Finance - Rent To Own

9 Aug Today's
best rate
Finance Equipment From
5.49 %
*The Interest Rate is calculated on a Secured Loan for business use, effective 20/08/2022 and subject to change. WARNING: The interest rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.

Jade Equipment Finance offers Equipment Rental as an ‘off balance sheet’ loan product for the purchase of business equipment. With this type of financing, the lender, ie financier, purchases the equipment and rents it to the borrower over the fixed term of the loan.

As the lender and not the borrower has made the purchase, the asset remains on the lender’s balance sheet, not the borrower’s balance sheet. This can be a particularly attractive accounting method for many businesses. We advise you discuss this with your accountant in regard to suitability for your business.

The ownership of the machinery is retained by the lender, while the borrower has full use of the equipment and is responsible for the operating costs.

Equipment Rental Key Features

  • Rental finance agreements are negotiated with the renowned Jade better equipment loan interest rates.
  • Fixed interest rate for the term of the rental agreement.
  • Fixed monthly repayments.
  • A buy – payable when the monthly repayments are finalised.
  • Flexible terms of up to 6 years/72 months.
  • ‘Off balance sheet’ item. The repayments are accounted for as an operating expense but the asset/liability does not appear on the borrower’s balance sheet.
  • GST can be claimed by the borrower on the monthly repayments. (If business is registered for GST)
  • Monthly repayments are tax deductible as a business expense.

Finalising an Equipment Rental Agreement

As distinctly different from a Asset Chattel Mortgage for example, at the conclusion of the rental agreement, the lender retains ownership of the equipment. At that that time, the borrower and lender can negotiate a settlement, with several options available:-

  • Borrower negotiates a purchase price to buy out the equipment from the lender.
  • This purchase may be ‘re-financed’, speak with your Jade consultant.
  • A new equipment rental agreement can be commenced.
  • The lender exerts ownership over the equipment and the borrower returns the goods to the lender and the rental ends.
  • The rental could have a buyback amount option at the end of the term which when paid

This type of finance product may allow businesses to regularly upgrade equipment more often without the burden of disposing of old or superfluous equipment. It may also be particularly suitable for businesses engaged in work on a project basis.

Your Jade Equipment Finance Consultant is readily available to explain exactly how Equipment Rental works as a commercial finance option for the purchase of a wide range of equipment in many industries.

Speak with a Jade Consultant to discuss an Equipment Rental for your proposed equipment purchase. Call 1300 000 003

Equipment RentalFinance Calculator

Using this online calculator is predicated on the individual's knowledge and also undertaking that the outcome/estimate showed does not indicate a loans quote; it does not imply an application for any kind of loans has actually been lodged; it is not an indication that any kind of lending application has actually been approved. The formatting of this free calculator does not take into account certain information concerning any type of particular individual loan application or any loan provider fees as well as costs. It is formatted to generate a basic outcome based upon basic info as well as values only.
After lodging a formal finance application, the quote as well as payment totals that you may possibly be provided might vary from the estimate worked out by this device.
The device is not appropriate for calculations on lendings that are established on a rate of interest only basis. The format is totally set up to compound interest for a chosen period based upon the values typed in by the customer.
The calculator is not meant as a device for financial decision making. Users that call for finance advice should seek a professional monetary advisor in relation to their personal circumstances. To make an application for financing as well as acquire a quote based on your personal requirements, the individual must contact Jade and also have their individual application considered by among our Jade specialists.

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