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Consider all the advantages.
EFunding makes good financial sense.
No Deposit
On approval you pay a once off application/processing fee, and the first month’s rental, then you take the equipment with you. EFund automatically deducts the remaining payments on a monthly basis.
Tax Deductible
If you use your equipment primarily for work or business (even at home), your rental payments are tax deductible, making it very cost effective. Ask your financial advisor or accountant about the after tax benefits of EFund Rental Finance.
Easy Accounting
Unlike a traditional loan, your rental payments are an off balance sheet expense which can also be useful if you want to apply for other forms of finance. The fixed rental payments are treated as an operating expense item and are easily managed on a monthly basis, making accounting simple. With EFund, there is no residual or “balloon” at the end of the contract and you are not locked into purchasing the out of date equipment at the end of the contract.
Keeping up to date
Compared to buying and owning, EFunding gives you more flexibility and options compared to outright purchasing. You can upgrade your equipment whenever you are ready, even if it’s before the end of your rental contract. This means that you don’t have to be stuck with outdated equipment. Instead of having to pay out more for the latest equipment, you simply arrange for an “upgrade”.
EFunding a total solution
EFund lets you pay for all of your equipment requirements including software, peripherals (printers, scanners etc.) and even installation, training and cabling. You can also include Extended Warranty’s and accidental damage or theft cover.
Keep your options open
Knowing what your future needs are going to be is difficult, which is why it makes more sense to rent. In addition to having the flexibility to upgrade during the rental term, you can:
• Continue to rent on a month to month basis (lower rates may apply)*
• Upgrade to new equipment with a new agreement*
• Return your equipment with no more to pay
• Purchase the equipment at fair market value†
†Fair Market Value is the price we would expect to receive if sold at the time of upgrade or return.
It is not possible to know what the fair market value of the equipment will be in 2, 3 or 4 years time.
*Conditions apply.
Cash-flow friendly payments
Rather than having to make a lump sum payment whenever you want new equipment, EFund lets you manage your cash flow with manageable monthly payments which allows you to conserve your vital working capital and put it to better use.
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