Rental Options

 

 

Rent to Own

This product allows the customer to take ownership via the supplier on termination of the original period. Technofin is the owner of the goods for the duration of the agreement which ownership is passed to the supplier on expiry of the initial period, after which the supplier may sell the goods to the customer at a predetermined value, say R250-00.

Termination options

The following termination options are available to the customer

  1. Purchase equipment from supplier at a predetermined value

  2. Continue to rent at a market related rental, and

  3. Return the equipment at no cost

    1. Purchase equipment
    Customer has the option to purchase the equipment on termination of rental agreement which ownership would have passed to the supplier

    2. Continue to rent

    Customer has the option to continue renting the equipment on a month-by-month basis (referred to as a secondary rental). The secondary rental would be charged at an approximate rate of 50% of the original rental.


    3. Return equipment

    On termination of the original period, the equipment can be returned to Technofin at no further cost to the customer.



Rent to Use


The rent to use contract makes use of structured financing at a reduced cost to the client with ownership in and to the equipment remaining with Technofin after the initial period. Payments are made quarterly and an interim rental is payable from delivery until the commencement of the contract, calculated on a pro rata basis.

Termination options


The following termination options are available to the customer:

  1. Return the equipment at no cost at the end of the initial period

  2. Continue to rent at a market related rental, and

  3. Purchase equipment at a market related price

 




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