How to reduce the risk of owning obsolete equipment

Let us help you navigate asset finance - so you can reduce the risk of owning obsolete equipment

Not only can you save time and resources but you can also avoid costly quick fixes with these finance solutions:

Fleet Operating Lease

With this type of finance, the financier owns the vehicle and the client returns it at the end of the term, usually from 12 months to 5 years. When leasing a vehicle, the fixed monthly payments typically cover registration, insurance, tyres and scheduled servicing and maintenance. For a small business, a Fleet Operating Lease can help free up time and resources.  

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Technology Rentals / Lease

Technology can change quickly and often the large up-front costs of purchasing the latest equipment will make a big dent in your cash flow. Renting rather than owning technology can help reduce the risk of owning obsolete equipment while preserving cash to grow your business. 

Similar to a Fleet Lease, the financier owns the equipment and the client returns it at the end of the term, usually within 3 years. The term and payment frequency of rental agreements can often be adjusted to meet a company's budget and unique business requirements.  

There are a range of different forms of commercial loans and leases available, talk to us today to see which solution is right for you. 

Call our team today at Mortgage Choice Kelmscott & Armadale on (08) 9485 0090 to discuss the right asset & equipment finance solutions for your business. 

 

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Posted in: Business lending

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