Should you be buying or renting an automatic coffee machine for your business – the big question?
There are several ways in which to rent your automatic coffee machine.
* You can rent your automatic coffee machine Via a Finance Broker that submits your finance application to a non disclosed Financial Institution for the approval of an Operating Lease ( Rental )
* Or you can rent your automatic coffee machine Via an approved Operating Lease ( Rental ) provided by a Finance Broker or a Financial Institution with the funder disclosed
* Or you can rent your automatic coffee machine Directly from your coffee machine provider as a True Rental
* Koffeeone now rent our automatic coffee machines directly to you the customer .
WHY? because we understand the importance of packaging a rental plan with full warranty for the term of the rental period and ensuring there is no inertia clause to keep you beyond the initial agreed rental period
The benefits of renting an automatic coffee machine for your business.
Update and Upgrade
Generally purchasing corporate coffee machines and other capital equipment can be a frustrating experience – you spend thousands upfront only to have the equipment out-of-date or inadequate in a short period of time.
Therefore the instrument of renting is a much better way to get the equipment you need. It allows you to preserve your capital, protect your cash flow and is 100% Tax deductible*.
You can update, upgrade or add-on equipment without penalty and changes to your requirements can be made at any time through a simple contract variation, often without increasing monthly payments.
Manage your Cashflow, Preserved Capital
With a Rental agreement , your capital and existing lines of credit are conserved for core business requirements. Rental does not impact your ability to borrow from your bank when you need it*.
In addition, A Rental provides the security of a predictable monthly payment with no residual value liability – you have the equipment you need, at a constant known cost.
Since the equipment is funded as an operating expense, it does not appear on your company’s Balance Sheet and all the Rental payments are treated as a 100% tax-deductible* expense when the equipment is used for business purposes.
End of Term Options Without Commitment
At the end of the Rental term, you have a number of choices. You can purchase, extend your agreement, upgrade or return the equipment – allowing you to chose the best fit for your business.
One of the more popular options is to constantly upgrade their equipment, thereby maintaining predictable monthly payment levels, and allowing them to stay current and competitive.
You need to take care however as most rental agreements have an end of term requirement for you to notify your Financial provider in writing at a specified time during the agreement to avoid an automatic increase to the term of the agreement.
This clause is referred to in the finance industry as an Inertia Clause and can be a trap for non experienced.
At Koffeeone we make it easy as possible for you and your business.
Koffeeone has partnered with some of the largest Financial Institutions in the country to make the process of renting your coffee machine simple, efficient and cost effective.
Koffeeone will provide you with a written rental quotation that has no hidden costs, no nasty clauses and includes full warranty and Preventative Maintenance for the term of the rental agreement with no additional charges*.
Koffeeone places no penalties on you should you choose not to use our coffee, we do however have many fabulous coffee’s specifically roasted to compliment our machines.
Koffeeone is well respected for our commitment to the non compulsory acquisition of our coffee with your rental agreement. Many coffee suppliers do have a compulsory coffee purchase criteria in their rental agreements and on occasions will include the coffee purchases in the terms of ongoing warranty.
*Please see your financial adviser or accountant for further information. Further verification should made directly to the Australian Taxation Office. Subject to Terms and Conditions, finance based on acceptance for approved applicants.