Why tie up valuable capital by owning assets that rapidly depreciate in value and requires replacement every few years? Rent them instead, spreading the cost effectively over the technology's lifespan. Keep up with modern tech, save time and money, and make better use of capital with TransacIT. TransacIT Technology Leasing will rent a wide variety of assets, including IT equipment, office equipment, telephone systems routers and medical equipment.
FLEXIBLE UPGRADE OPTIONS
TransacIT enables you to upgrade or add new equipment throughout the rental period, so you can more easily manage technological or operational changes without being locked in by existing arrangements. For example, if you are 12 months into a 36-month rental contract and need a new laptop, we’ll take the old one back and provide you with a new laptop of choice. If the new laptop has a similar price as the old one, the monthly payments don’t change. The rental contract continues for the remaining 24 months.
At the end of the term of the agreement, you have several options. You can:
• Upgrade the equipment under a new rental agreement
• Continue to rent the equipment on a casual basis
• Rent for a further specified term at a reduced rental
• Return the goods with no further obligation
• Offer to purchase the goods
SERVICE & SUPPORT
Fed up with waiting in telephone queues? Dread hearing recorded messages like “Please enter your customer reference number and an operator will be with you shortly”? TransacIT has experienced representatives throughout the country to provide prompt and professional assistance with no telephone queues. If the equipment is damaged or stolen, we will replace it as part of the rental contract.*
BETTER RETURN ON INVESTMENT
Renting allows you to deploy capital in the more profitable areas of your business, rather than in equipment that has a limited useful life with little or no resale value. It just makes sense to have productive, current equipment instead of spending money on inferior technology that will be obsolete in 2 years.
MANAGING CASH FLOW
Renting means there is no lump sum outlay that is standard in CapEx funding. In addition, rental payments are fixed, so you can plan your future cash flow with confidence.
MAINTAINING YOUR COMPETITIVE ADVANTAGE
Contracts that lock you into maintaining old equipment costs much more than just the monthly rental payment; it costs market share. Renting mitigates the risk of obsolescence - allowing you to keep pace with technology and stay ahead of your competition.
When you acquire equipment and the goods are used to earn assessable income, both the interest paid and the depreciation of the equipment may be tax deductible. For example, computer equipment with a purchase value of $5,000 rented over 36 months, after the typical company tax deduction of 30% is applied, will cost the business approximately $4,238.
EQUIPMENT RENTAL CREDIT LINES
TransacIT provides an innovative equipment rental credit line that delivers all the advantages of renting with none of the fees typically associated with credit lines. In addition, it delivers the convenience of not having to submit balance sheets and P&L’s as part of a finance application each time the business requires upgrades or new equipment. Depending on your requirements, rental credit lines of $20,000 - $200,000 can be established that allow the business to grow as needed, only pay for what you use and to better manage cash flow. Business owners can purchase equipment from any number of suppliers by drawing down on rental credit lines. If you’re interested Contact Us.