EVEN THOUGH OUR PRODUCT CARRIES A 3 – 5 YEAR WARRANTY, SERVICE WILL ALLWAYS BE NEEDED.
THUS, WILL INCLUDE
Cash Purchase | Belrex Finance Rental | |
Equipment Value | Any decrease in the value and functionality of The equipment is for the owner’s account. | Equipment obsolescence and depreciation risk is carried by Belrex Finance. |
Flexibility | No upgrade facility in place. | Upgrades through Belrex Finance are available at any time during the rental period. |
Equipment Ownership | Ownership and its associated risks lie with the Owner | Ownership and its associated risks lie with Belrex Finance. |
Cash flow | The full purchase amount is paid in advance and owner incurs financing / opportunity cost. | Regular payments are made over the economic life of the equipment. |
Taxation | Owner may claim a tax allowance. | Rental payments are fully tax deductible over the period of the rental term. |
Effect On Balance Sheet | Recorded as a non-income producing asset on the balance sheet, thereby reducing the owner’s measured return on assets | Belrex Finance rental is off balance sheet and recorded as an operating expense. |
Equipment Disposal | Disposal of obsolete equipment in an environmentally responsible manner is the owner’s responsibility | Belrex Finance will dispose of all returned Equipment in the correct manner. |