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Rental FAQ
What is the interest rate?
Unlike a loan, no interest is charged because you are paying for the use of the equipment over a fixed term. You are not repaying a loan.
What if I want to upgrade to new equipment during the rental term?
That's OK. We simply adjust the rental agreement to incorporate the cost of the new equipment and establish a new term.
Are payments tax deductible?
Yes - up to 100%, depending on the portion of usage for the business. Tax advice from your Accountant should be sought before any decision to rent.
What happens when something goes wrong with the equipment?
All repairs and breakdowns are serviced by Caterlink during the term of the contract. This is carried out during normal business hours, service and travel charges may apply in specific situations. Bench top equipment to be returned to Caterlink at Renters expense Please call us to discuss your requirements.
Can I add on equipment to my existing rental agreement?
Organising additional equipment can be arranged quickly subject to approval. As we already have your financial details these are generally easily approved.
Do the rental payments include insurance?
It is the responsibility of the customer to ensure the equipment is insured at all times. Please contact your insurance company to make these arrangements before taking possession of the goods.
Who owns the equipment?
Caterlink does. You are only paying for the usage of the equipment during the agreed term.
What happens at the end of the rental term?
Return: Return the goods at no charge or residual responsibility. Upgrade: Upgrade to new equipment. Rent: Continue to rent on a month to month basis. Buy: Buy out the goods at the agreed cash price and receive a 75% rebate of the rent paid to date (maximum rebate of 90% of value of goods).
Can I cancel and hand back the equipment before the end of the term?
If you return the equipment before the end of the term, you must pay for the balance owing. Most clients prefer to upgrade to new equipment and take out a new rental agreement.
Is there a minimum amount required to rent?
The total minimum amount required for a rental agreement is normally $1000.00 + GST, however this can be for a package of smaller equipment totaling $1000.00 +GST.
