Finance Options
We offer two alternatives to our standard payment terms (by cheque at time of installation, or direct credit prior to installation):
Lease-to-Own
For customers who wish to spread payment for their new system, we can arrange a Fixed Term Loan (Lease-to-Own) to cover payments over a period, for example 12, 24 or 36 months. Points to note:
- At the end of this time the equipment is yours provided all payments have been made on time.
- Standard equipment warranties apply, which can mean that the equipment is not covered by a warranty for part of the period of the Lease-to-Own agreement. We can offer extended warranties if required.
- A deposit, usually 20% of the GST-inclusive total, is required prior to installation.
- Lease-to-Own is generally only available on new equipment, but exceptions can apply.
- If for any reason you wish to finish the contract early you will be required to make any outstanding payments before you are able to sell the equipment to another business.
- Software upgrades for eftpos terminals are not covered under Lease-to-Own agreements, although it would be rare for a new terminal to require an upgrade within the 3 year term of a standard Lease-to-Own agreement.
Rental
A rental is different from a Lease-to-Own agreement in that you are not paying off the equipment over time. The payments you make cover the use of the equipment for a given period. Points to note:
- At the end of the rental period you will have the option to continue using the equipment (usually at a reduced rate), to upgrade all or part of the system, or to return the equipment to us.
- An extended warranty applies for the period of the rental. Please see our Warranties page for information about what is covered by this warranty.
- Any necessary software upgrades for eftpos terminals are included in the rental price. (Note that this may not apply to rentals offered by other providers).
- Rental fees are paid monthly in advance by direct debit from your account.
- Rentals are available for reconditioned equipment.
- Within our Christchurch service area, we offer 3 levels of service for rental equipment: return to base (you bring it to us), on-site 8.30 am to 5.30 pm 365 days per year (we come to you during the times specified), and on-site 24/7 (we come to you any time, 365 days per year). No matter which level of service you choose we will provide you on-site service at your request, however there will be a charge for any on-site service which is requested outside the times covered in your service agreement.
- No deposit is required with a rental, and rental fees are 100% tax-deductible as a cost to your business.
