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Types of Asset Finance
Rental / Operating Lease
An Equipment Rental or an Operating Lease is an agreement between you and the financier to rent equipment for use in your business over a fixed period. You simply return the equipment at the end of the term (subject to return conditions).
Benefits:
- No initial capital outlay required so your working capital is preserved
- Ability to continually upgrade your equipment without having to own it or worry about disposing of it.
- Payments may be tax-deductible if the equipment is used to generate income
- If your business requires continual upgrade of equipment, or if you do not want to take residual value risk on the asset, an Equipment Rental facility would be an ideal solution.
Make an appointment to see an Iden Money Loan Consultant.
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