Why buy equipment that depreciates in value and be stuck with old technology and obsolete equipment when you can rather rent the best?
The advantage of maintaining a healthy cash flow in business is undeniable. Using a rental option to fund your equipment while keeping up with the latest technological developments is the best answer from a cash flow perspective. Keep your cash resources for income producing opportunities.
New Rental Option offered by The Hitech Group
The Hitech Group in association with The Rental Company now offer rental options on all equipment supplied by Hitech Lasers and Medilase. Enhance your liquidity, manage cash flow and optimize your balance sheet by renting rather than buying your equipment.Remain competitive by offering your clients treatments with the latest technologies without sacrificing your cash flow.
An accredited supplier of Aesthetic, Vision and Surgical equipment for The Rental Company
The Rental Company recognised the proficiency of the Hitech Group in the laser industry. Both companies have an uncompromising commitment to improving the health and well-being of people on our continent.The long-term success of all clients is important to us. The Hitech Group’s invaluable experience in the market allows us to provide customers with the best advice to suite their business needs.
What to expect from a Rental Contract The Hitech Group and The Rental Company are dynamic and dependable business partners. Both companies are committed to the success of your business.We take time to understand your business needs and goals and focus on building strong, long-term personal relationships. Our hands-on Staff with invaluable industry knowledge and experience in a variety of fields allow for each client’s needs to be assessed individually and catered for in an effective and reliable manner.
The Advantage of Renting over Financing ~ NO DEPOSIT: a rental requires no deposit and has a minimal impact on cash flow.
~ BALANCE SHEET BENEFIT: a rental keeps those equipment assets with little intrinsic value off your balance sheet, thus avoiding the negativity of high gearing. ~ SIMPLE PROCESS : The Rental Company takes care of all paperwork requirements, leaving you to focus on running your business. ~ SPECIALISED EQUIPMENT: most conventional banks and lenders shy away from transactions involving specialized or unusual equipment or machinery. The Hitech Group and The Rental Company specialize in this. ~ PRICE: equipment rental is usually a cheaper option than conventional financing, call for a quoteon larger transactions.
The Rental Company: Rental vs. Other Funding Models
Rental Benefits
Other funding methods
No Deposit
20-15% deposit
Off balance sheet, because it belongs to The Rental Company for the rental period.
Long term liability against balance sheet.
Rental premium fully written off as a business expense.
Can only claim the depreciation percentage value annually, over 3-6 years.
48 hours for approval.
3-4 weeks for approval.
One - page application and two - page contract.
Cumbersome documentation.
Can budget and spread total expense over 3-5 years
Full amount paid at once. Fresh application must be made to purchase any new equipment.
Upgrade possibility to the latest technology and not stuck with ageing technology.
Must budget again for the full and higher amount for new equipment or be stuck with obsolete technology.
We specialise in unfamiliar types of equipment.
Commercial banks do not like unfamiliar types of equipment.
Has minimal influence on cash flow.
Negative impact on cash flow.
Spend business capital rather on marketing, buying of stock or advertising.
Use and save your bank finance or cash for times when you cannot use a Rental option.
The Rental Company is known for the fastest approvals and pay-outs in the industry.
The monthly rental premium makes it affordable.
Long wait for approval.
Contact Hitech Lasers +27 12 349 1250 or hitech@hitechlasers.co.za for more information on our portfolio of laser and related equipment and for referral to The Rental Company representative.
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