Stay up to date with the latest equipment
Due to rapidly changing technology, renting your business equipment can be more cost effective than purchasing it. Under a rental agreement, BOQ Equipment Finance Limited will purchase the asset and rent it out to your business for a fixed term. After the end of the rental agreement, you can choose to return, continue to rent, replace or purchase the equipment as your needs change.
When you take out an equipment rental agreement, you will also avoid the initial cost of buying your own equipment, freeing up your working capital.
Equipment rental is a great way of keeping up to date with the latest technology, without the cost of disposing existing equipment once you are done with it.
*For further information, please seek independent taxation advice on whether this is applicable to you.