controlled growth

Rent-to-own

growth understood

WHY TIE UP YOUR CASH IN EQUIPMENT IF YOU DON'T HAVE TO?

There are times when owning an asset makes sense, but outlaying the full purchase price upfront does not.

Rent-to-Own can give qualifying businesses access to the equipment they need now, with agreed payments over a set period and a route towards ownership in line with the terms of the agreement.

Put the equipment to work

Say your manufacturing business has more orders than your current equipment can comfortably handle. You know another machine will increase capacity. You know there is work for it. You have even found the machine.

The question is whether taking a large lump sum out of the business to buy it is the best option.

A suitable Rent-to-Own structure may allow the equipment to start doing useful work while the business pays for it over time.

Ask what having the equipment changes

The decision is not only about whether you can afford the purchase price. Look at what the asset changes in the business.

Will it increase production?
Will it reduce downtime?
Will it allow you to take on another contract?
Will it replace equipment that is becoming expensive to maintain?
Will it allow you to bring an outsourced service in-house?

THE IMPORTANT NUMBER ISN'T ONLY WHAT THE MACHINE COSTS. IT'S WHAT THE MACHINE CAN DO.

Let's start here

When Rent-to-Own may be worth discussing

You need the equipment now but don’t want to outlay working capital on the full amount or large deposits
It is a specialised piece of equipment
You don’t want to tie up all your security
You have additional work that requires more capacity
You need to replace ageing equipment
The asset will be used directly in the operation of the business
You want a structured route towards ownership