The question is often asked - "why rent when you can buy outright or take out a long-term lease with a residual value?"
While the answer to this question will be different from customer to customer, the majority of our clients will rent for the following reasons:
Short Term Projects
Renting allows your company to meet short-term needs using your expense budget instead of capital budget requests.
Training
When you need additional equipment for training sessions on or off site, for one day or several months, renting allows you to quickly set up training rooms with the right equipment for your needs.
Capital Budget Constraints
If you've spent the capital budget for the year and still require additional equipment or upgrades, renting can be the interim solution to your needs. Rental payments are 100% tax deductible as expenses.
Trade Shows and Conventions
Short term equipment needs for a day to a week are best served by renting. You can order your equipment well in advance and have it delivered, properly configured and set up at your booth or hotel whenever you need it.
In summary, rental is a simple, flexible, common-sense method of acquiring the IT equipment you need when you need it.
Rent |
Lease |
Cash |
Off balance Sheet |
On Balance Sheet - Liability |
On Balance Sheet - Asset |
Spread the 100% tax deductible cost over the term you choose. |
Payments tax deductible. |
Needlessly uses up capital. |
Preserves your capital. |
Residual value NOT tax deductible. |
Cash purchasers pay for the use of the equipment totally in advance. Capital payments are NOT fully tax deductible. |
More flexible at the end of term - Keep renting - Purchase the goods at fair market value - Return the goods - Upgrade |
Not flexible at term end - Pay the lump sum residual |
Highly inflexible when equipment becomes obsolete - Difficult to trade-in or sell |
Simple Accounting. |
Complex Accounting. |
On-going year-end accounting requirements. |
Our Rental Plans
At Infinit Hire we understand that not all clients are alike. Our rental plans are designed to be flexible, simple and cost effective. Whether you require the equipment for a day, a week, a month or a year, we have a plan to suit.
At the end of the agreed rental term you can return the equipment, continue to rent, offer to purchase or on longer-term plans, even negotiate a better rate!
We also have a range of rental plans with a guaranteed purchase option so you know in advance exactly what you are up for if you do decide to buy.
In the unlikely event we do not have a rental plan to suit your needs - talk to us! We will sit down and work out a plan that suits you rather than try to force you into something that suits us. Remember, your satisfaction is our number 1 priority.
