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Storacall Rentals Finance Packages |
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What Finance Packages Can Storacall Offer?
Whether the objective is the conservation of cash flow or budget constraints,
Storacall Rentals has a solution. The following explains the full range of Rental,
Leasing and Lease Purchase packages that can be offered:
Storacall Rental Agreements
Storacall Rental packages provide full operating agreements which cover the equipment, installation, software and full on site maintenance all combined in a single periodic payment. Agreements are available for periods of one to five years although tailor made shorter or longer agreements can be arranged. Rental operating agreements are calculated on the basis of residual values, so per pound financed they are the least expensive form of installment finance.
Four types of rental agreement are available:
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Standard Rental Agreements
The standard agreement incorporates a straight-line profile so on a three year agreement your payment is made at the beginning of the agreement and at monthly or quarterly intervals thereafter for a total of 12 quarters or 36 months. The rental can continue thereafter by mutual agreement. |
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Primary Rental Agreements
This agreement incorporates an additional primary payment of one quarter's rental at the commencement of the agreement, resulting in reduced interest costs. This provides a lower quarterly or monthly rental payment for subsequent installments. In addition to providing lower overall finance costs the primary agreement reduces credit status requirements and budget profiles. |
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Low Plus Agreements
This agreement allows lower installment payments during the first year and subsequently highly installments in future years. This can help with budgeting and also allow the full cost of the equipment to come on stream as the benefits of the new equipment are realised. |
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Zero Plus Agreement
Zero plus agreements, as the name implies, require no installment payments during the first year, with higher installments thereafter. This type of agreement is suitable where the equipment is required immediately but no overhead or capital budget is available to cover the acquisition. Credit status requirements are naturally high for this type of agreement. |
Storacall Lease Agreements
Leases are financial agreements whereby you obtain use of the asset in return for quarterly or monthly payments. The agreement only covers the cost of the equipment and separate payments have to be made for installation and maintenance. Storacall offers two types of lease agreement.
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Standard Lease Agreements
A straight-line profile with equal monthly or quarterly installments over the period of the agreement. |
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Advance Payment Lease Agreement
These agreements require an additional advance payment of one quarter's installment at the beginning of the agreement. This produces lower subsequent installment payments. |
Storacall Lease Purchase
Lease purchase is also known as hire purchase whereby you agree to hire the equipment with an inbuilt option to acquire legal title to the equipment when the final installment has been paid. This is the most appropriate option if one wishes to end up as the owner of the equipment or if you are not registered for VAT. All VAT is paid at the beginning of the agreement and not on the installments. Consequently, you are not paying VAT on the interest element of the installments. Storacall has a standard lease purchase agreement.
A Storacall sales representative will be happy to answer any questions you
may have and discuss the agreement options available to you in more depth, so
as to tailor a package which suits you - the customer.
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