RENTALS & LEASING
Vulcan Catering Equipment first for the Industry Complete Kitchen Equipment Rental.
What is a Rental?
A rental is a cost effective way of allowing the client the use of an asset without having to outlay the full purchase price upfront, achieving maximum tax benefits and at the same time being able to track technology changes.
It also allows the client to retain cash for working capital needs and facilitates the upgrading of equipment. It is extremely flexible and has numerous tax advantages.
Over the past few years rental finance has become most the most accepted form of financing assets.
The rental system ensures uninterrupted use of equipment for a period of time, at an acceptable cost to the user.
When entering into a rental agreement, a client agrees to pay a monthly rental for the use of the specific equipment for a set period of time. The period of agreement can range from two to five years and the monthly payment can be structured to suit the client’s requirements (escalation).
The client is not entitled to cease payment or return the equipment unless the agreement is settled or upgraded by a third party.
A rental agreement is a contractual agreement and the client is obliged to meet its terms and conditions.