There are so many advantages to renting/leasing your office equipment. These include:
| No Deposit Required | No deposit is required when renting or leasing equipment |
|---|---|
| Equipment Obsolescence & Disposal | No need to get stuck with out of date equipment. You can return your equipment to Futurepay at the end of the term. |
| End of Term Options | You can upgrade to new technology and return the old equipment, continue renting the same equipment for a reduced rental, or pay a fee and keep the equipment. |
| Cash Flow Benefits | Renting or Leasing preserves your cash-flow, allowing you to spread the cost of the equipment over the term of the agreement while your equipment generates income for you today. |
| Tax Advantages | All payments are 100% tax deductable, provided the equipment is for business use |
| Easier Accounting | You do not have to depreciate the asset on your balance sheet. All monthly payments appear as an expense on your companys profit and loss statement. Payments are 100% fixed for the term of the loan and are not affected by any movements in interest rates, making budgeting easier. |
| Off Balance Sheet Reporting | Operating leases generally qualify for off balance sheet reporting |
| Unsecured Facility | Rental transactions are not secured against your personal or business assets. We only take security over the asset that we finance. |
| Flexibility | You have the flexibility to upgrade your equipment, add or remove equipment during the term of the agreement. Conditions apply. |
| Residual or Balloon | No residual payments |
| GST | GST on monthly payments can be claimed through BAS statements |
The information above should be used as a guide only. Please contact your Financial Advisor or Accountant.
