If you’ve made the smart decision not to tie up capital in equipment, you now must weigh the option of renting against the more common financing option: leasing.
While leasing may look like a good idea at first glance, you need to take into account the full impact leasing equipment will have on your business.
| Leasing |
GoGetta Rent-Try-Buy™ |
| × Four-year fixed contract |
- Off-Balance Item |
| × On-balance item |
- No Director’s Guarantee required
|
| × Director’s guarantee required |
- Buy with 75% rebate on the rent you’ve paid |
| × No discounted purchase option |
- Return or continue renting (& lower the purchase price) |
| × Stuck with the equipment |
|
Leasing requires Directors’ Guarantees – which puts your personal assets (your home) on the line. Our rental agreement does not require Directors’ Guarantees.
A lease is a balance sheet item – which reduces your equity, your ability to borrow and, accordingly, your availability of working capital. Rent is an 'off-balance' sheet item (like salaries or electricity). This means that rental contracts have no impact on your equity, or on your ability to borrow.
A lease requires a lot of paperwork and binds you into a four year contract. A GoGetta Rent-Try-Buy™ Agreement involves minimal paperwork, meaning you can get the equipment you need immediately.
As you can see, renting offers a level of flexibility that neither purchasing nor leasing can match.
To learn more about how our equipment rental option can improve your availability of working capital – and, accordingly, increase the rate of growth of your business – contact us today!
Want to know what your repayments would be? Check out our Rental Calculator.