Tuesday, June 15, 2010

Intellichoice provides equipment rental finance solution to give businesses an edge

An excavation client saw an opportunity to grow his business, but to capitalise on this great prospect, he needed a loader. But without a guarantee from this job, the client would be putting himself and his business under enormous strain if he purchased the equipment outright.

An equipment rental solution was quickly put in place for him, which helped reduce his risks and allowed him to save his hard-earned capital.

This unique business finance solution let him rent equipment at an affordable weekly rate, but still gave him the option to purchase with a generous rebate.  Furthermore, the equipment rental solution is fully tax deductible and if after 12 months the equipment didn’t suit him, he could return it with no penalties.

Some of the key benefits of this unique equipment rental hire finance solution include:
  • Low weekly rental repayments
  • Lets you free up your valuable working capital instead of spending it on depreciating assets
  • Peace of mind knowing you’re not stuck with equipment that isn’t right for your needs – you can return the equipment at the end of the 12 month agreement if it is no longer required
  • Rental payments are 100% tax deductible
  • Renting is off ‘balance sheet’, meaning it doesn’t affect your capacity to borrow for future expansion
  • You’re not locked into a long term lease
  • If you purchase the equipment at any time during the first 12 months, you receive 75% off the net rent as a rebate
  • If you continue to rent, we’ll just continue to reduce your purchase price
To find out more about this unique equipment rental solution and how it can work for your business, speak to one of the business finance advisors at Intellichoice today on 1300 55 10 45. We also have access to alternative business finance solutions to help your business achieve your full potential. This includes invoice finance, debtor finance, trade finance, import and export finance and inventory finance.