Leasing or Renting instead of buying helps conserve your cash flow and is the best way to access the efficiency and tax benefits of new technology, while avoiding equipment obsolescence.
Apply by phone or online in minutes. We make it easy, and can approve you for new business equipment worth up to $75,000 in as little as 10 minutes.
Offering payment options to your customers is easy, it improves customer service and can increases sales of business equipment. Contact us to discuss how your business can benefit.
We make it easy. Complete a simple application in minutes. Contact us, via the form below, and we will contact you to start your application.
We can approve your business for a new equipment lease worth up to $75,000 in 10 minutes.
You get to choose your preferred supplier and equipment, sign the agreement and we pay the supplier.
Don’t spend valuable cash buying depreciating assets or waiting until you have the cash, start getting all the benefits of new equipment today, while only paying a fixed, low monthly rental.
Choice assists equipment suppliers and their customers by offering the option of leasing rather than purchasing. An operating lease or rental spreads the cost of equipment over it’s useful life and provides an easier path to upgrade for end of life assets.
Customers don’t need to use their own cash, or bank facilities, or wait on budget approval, meaning they can afford more equipment, sooner than if they were purchasing.
Funding for single items or fleets of equipment. Your customers can obtain all the benefits of new equipment while only paying a low, fixed monthly rental payment, rather than making an outright cash payment. Flexible end of term options.
Banks take days or even weeks to process your loan application. As an independent finance company we make our own decisions, and can respond much faster thanks to our low doc application process. Financials are often not required. We use a secure bank statement link to assess your cashflow quickly and in some cases have an answer to you within minutes. This makes for faster responses and easier implementation of new technology.
Many small business lenders today offer quick short and medium term finance. While this can be an easy way to raise money quickly, 3-24 month loan terms mean high repayments which, impacts your cashflow.
Choice is different we offer lease terms aligned to the life cycle of the equipment.
Terms from 2-5 years are offered, with 3-4 year terms most common.
Customers love when our cashflow friendly rental payments are more affordable than a loan.
Bank equipment finance often requires a deposit or other security, and banks will usually only finance the underlying goods, leaving you to pay the associated ‘soft costs’.
Unlike bank finance, equipment rental and leasing usually doesn’t require any deposit and allows a portion of intangible costs such as installation or software to be funded.
With a lease you can obtain the goods you need with minimal initial cost and less impact to your cash flow.
Equipment finance from Choice doesn’t tie up your existing bank lines and often does not require property, deposits or your other business assets as security.
Leasing allows your business to access additional growth capital for equipment while keeping your bank lines clear for overdrafts and other working capital purposes.
This means you may be able to access more equipment than with bank finance alone enabling you to grow your business faster and take advantage of business opportunities that may have otherwise missed.
Equipment leasing and rental agreements are the most flexible form of equipment finance as they provide the most options. At the end of term you have the option to hand back, upgrade, or keep renting the equipment.
You may offer to purchase, however there is no residual payment obligation, and mid-term upgrades can be facilitated. Rental passes the burden of equipment obsolescence onto the financier so when the equipment is out of date just hand it back with no worries.
Leasing helps you spread the cost of the goods over their useful life. It formalises a path to eventual upgrade at end of life, and ensures that operating budget is in place for the latest technology when required.
Rental and leasing of commercial equipment for business use is generally 100% tax deductible. Rentals may be accounted for off-balance sheet, unlike loans, which may help to improve your financial ratios, such as reduced gearing and increasing your return on assets.
Printers, scanners, photocopiers and multi-function devices have a regular upgrade cycle. Advances in technology bring additional functionality and improved efficiency. Leasing is the best way to access the latest technology, it formalises an upgrade path and replaces a capital cost with an operating expense.
Is your office furniture tired and in need of a refit to bring it up to date? We can help you get a new range of desks, chairs, cabinets, lighting, as well as your new technology.
Commercial Solar, battery and LED lighting installations are often leased or rented rather than purchased, due to tax advantages associated with rental.
Technology and software equipment rapidly becomes obsolete, leading to higher support costs and down-time. Leasing formalises a path to upgrade and ensures that operating budget is in place for the latest technology when required.
Opening a new pharmacy or medical suite? Do you need a refit to freshen up your customer experience? Talk to us about a lease for a new fit-out including lighting, signage, shelving, point of sale, joinery, furniture as well as any new technology equipment.
Are you opening a new franchise? if so you will need all new equipment including furniture and fittings, computers, point of sale, security system, security shutters, cabinetry, shelving and signage. Leasing the equipment instead of purchasing means keeping more of your valuable cash in your business.
Technology and software equipment rapidly becomes obsolete, leading to higher support costs and downtime. Leasing formalises a path to upgrade and ensures that operating budget is in place for the latest technology when required.
As non-preferred equipment for bank funding warehouse, racking, reusable pallets, shipping containers and scaffold can be difficult to fund, whereas leasing makes finance of these goods easy and hassle free.
As non-preferred equipment for bank funding vending machines and ATM’s can be difficult to fund, whereas leasing makes finance of these goods easy and hassle free.
Technology equipment rapidly becomes obsolete, leading to higher support costs. Rental formalises a path to upgrade and ensures that operating budget is in place for the latest technology when required.
As non-preferred equipment for bank funding this equipment can be difficult to fund whereas rental finance makes finance of lockers easy and hassle free.
Catering, Kitchen and hospitality equipment is not considered by many finance companies this makes it hard to finance . Rental is an additional form of low-doc finance that may make for quicker and easier acquisition of new equipment.
Security technology equipment rapidly becomes obsolete, this leads to higher support costs and requirement for regular upgrades. Leasing formalises a path to upgrade and ensures that operating budget is in place for the latest technology when required.
Gyms need the latest equipment to keep customers happy, this means regular upgrades to cardio and electronic equipment. Leasing your commercial gym equipment formalises a path to upgrade and ensures that operating budget is in place for the latest technology when required.
Access and civil contracting equipment is often rented in line with its upgrade cycle, or for contract specific terms. At the end of term equipment may be purchased, kept month to month, or financed for a further fixed term.
Forklifts are usually rented rather than purchased due to their regular upgrade cycle. We can rent both battery electric (BE) and internal combustion engine (ICE) forklifts.
Ride-on sweepers and ride-on scrubbers are high-use equipment that needs to be replaced on a regular basis. It is most often leased rather than purchased due to the regular upgrade cycle.
Medical, dental and veterinary technology equipment rapidly becomes obsolete, this leads to higher support costs and requirement for regular upgrades. Leasing formalises a path to upgrade and ensures that operating budget is in place for the latest technology when required.
Efficient new equipment is great for the environment, saving energy, reducing water use and benefiting the bottom line. While laundromats also find that offering new equipment generates more customers. Leasing ensures you always have the latest energy efficient equipment.
You can choose any business equipment you need from any reputable and established equipment supplier. Contact us to discuss your requirements or obtain a quote, or apply now for a quick response.
Apply by phone, online or contact us for a form. We make the application process easy and quick. Once you are approved we will confirm the details of the offer and send an invoice request to the supplier.
We can fund in as little as 24 hours. Instead of you paying the whole amount upfront, we pay the supplier and you pay Choice a low monthly rental over a term that suits your cash flow.
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