SETTING UP A BUSINESS? BUSINESS GETTING BIGGER?
There are always stages when you have to say yes to grow your business. And when you need equipment to meet specific business requirements we can help you choose the finance option that best suits your business today. We can offer you two major products:
EQUIPMENT FINANCE LIMITED
Benefits of Flexirent
Fixed Term Loan
(Previously known as Hire Purchase or Lease to Own)
Ultimately, with the fixed term loan option,you own the equipment and any capital gain stays in the business.
Meanwhile during your fixed term loan arrangement:
- The GST included in the purchase price can be claimed almost immediately.
- Interest on the loan is usually fully tax deductible
- Your balance sheet shows the equipment as an asset and the loan as a liability which indicates balanced financing ,and
- You can tailor your monthly payments to match the cash flows of your business
With the rental option, you can simply return old equipment and readily upgrade to new equipment.
Meanwhile during your rental agreement:
- There is no need to make significant decisions about capital expenditure,
- The entire rental payment is usually fully tax deductible,
- There is minimal impact on your cash flow, and
- Your balance sheet shows neither asset nor liabilitywith regard to the equipment or the arrangement
Want More Information?
Please don't hesitate to contact the sales staff at Protel
for further assistance.