What is a Rental Finance Solution?
A rental finance solution involves RentFin purchasing the asset from the supplier and then renting it back to the client.
Why should you be interested in offering a Rental Finance Solution for your product?
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By offering a monthly rental solution to
your clients, your product becomes a lot more affordable to them and
therefore this type of solution will increase your sales.
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Your client is able to save the time and
effort of having to find finance by way of an instalment sale or lease.
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Your clients will appreciate the fact that
you are offering them a tax benefit through the asset rental.
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Better profit margins can be achieved as
cash discounts are not discussed with a rental agreement.
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If the client wants to upgrade after the
term, then the client will come back to you. Rental finance extends
the life of your client interaction.
Why is a Rental Finance Solution beneficial for the client?
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It does not impact drastically on the client's Cash Flow. The client does not have to outlay equity capital.
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An asset rental is seen as an operating expense and is fully deductible for tax purposes.
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Knowledge of the operating costs improves budgeting ability.
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Asset rental is a form of off balance sheet financing and will not impact on gearing ratios.
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The client will be able to more easily manage their equipment and have access to the necessary upgrades.
How do I become a supplier to RentFin?
If you go to
our DOWNLOADS page, you will find the Supplier Application Form. Fill it in and
fax it to us and we will arrange a meeting.
What type of assets can be Rental Financed?
RentFin provides rental finance for a variety of asset classes, through its established supplier network. Some asset classes we are involved with include CCTV Systems, Electricity Management Systems and Vending Machines amongst others. RentFin is always on the lookout for new assets that suit the rental finance model.
What is the standard agreement period?
RentFin offers rental periods of between 24 and 60 months.
If I am an end user, how do I apply for Rental Finance from RentFin?
RentFin only
awards Rental Finance on assets that have been approved.
Please email
info@rentfin.co.za with your request for finance.
Include the
following:
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Quote
for the Equipment
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Company
Details
We will get back
to you within 24 hours of your request.
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