Equipment funding made for hospitality

Because Rent–Try–Buy is a rental agreement, interest rates don’t apply.

Nevertheless, you can use our online rental calculator to confirm your weekly rental payments and how much it would cost to own the rental equipment if you opted to buy it after 12 months.

As the calculator divulges, the net cost of owning the equipment might be as low as 10% (after allowing for tax deductions* and the rental rebate).

This figure reflects:

1. The unequalled flexibility our customers receive and which no other financier, cash or credit card can provide. 
2. The risks we accept by, for example, letting customers:

• Acquire the equipment they want without having to commit to the entire purchase price.
• Get up to $100,000 of equipment finance — normally without providing a director’s guarantee / personal guarantee. 
• Upgrade the equipment at any time without having to work out how to get rid of the original item.
• Return the equipment to us after only 12 months without penalty.

In addition to the weekly rental payments (including one week’s rent paid in advance), the fees and charges that apply are:

• A refundable security bond — paid up front and equivalent to six weeks’ rent (equipment valued at less than $200,000) or 12 weeks’ rent (equipment valued at $200,000 or more).
• Equipment transport cost, if the customer returns the equipment to us during or after the 12-month rental period. This cost — which varies according to the equipment’s cubic weight and the distance it has to be transported — is paid directly by the customer.
• The cost of cleaning and servicing the equipment so it can be certified and remarketed, if the customer returns it to us during or after the 12-month rental period. We pass this cost — which varies according to the type of equipment and its condition — on to the customer.

No — while your rental payments will progressively decrease the equipment’s purchase price, there will still be a shortfall after 12 months.

To confirm how much money you’d need to find to buy your rental equipment, please call us for a buyout quote on 0800 453 010.

You can buy the equipment whenever you want during the 12-month term (not only at the end of it).

Your rental payments will begin after we’ve received word the equipment has been delivered to your door. 

If you’re planning a full fit-out or refurbishment and expect delays due to council or construction issues, we recommend you delay ordering the equipment until just before your venue is ready to open.

(Delivery of equipment in stock typically takes 1–8 business days, depending on your location. Out-of-stock items have a longer lead time, so it’s best to order them earlier; your equipment dealer will be able to advise you.)

If your rental payments begin before your business is up and running, please contact us as soon as possible. 

If you decide to buy the rental equipment, you’ll get back 50% of the gross rent you paid in the first year and — if applicable — 25% of the gross rent you paid thereafter. 

This ‘rental rebate’ is deducted from the amount financed — the rebate can’t be paid to you in cash.