Renting can be an extremely flexible solution for company’s in a variety of different scenarios. We offer a one-year rental program that is an open contract.

Payments are weekly and 60% of every rental payment goes towards the cost of purchasing the equipment that is on rental.

At the end of the year, the customer has the following options:

1. Keep renting the equipment. The customer can continue to rent the equipment until their payments cover the full amount of the asset in which case, they will then own the equipment.
2. Buyout in full. The customer can do this at any time because it’s an open contract. They will only owe the remaining cost of the asset(s) they rented, no interest.
3. Switch to a lease to own contract. If the customer decides that they want to own the piece of equipment, we can switch the contract to a lease and they can pay it off with monthly payments and a decreased rate.
4. Return equipment – no strings attached. If the customer has decided that they no longer want the equipment after one year, they just let us know, their equipment is returned and they are completely free of their contract.

If you think that renting might be the right solution for you, we’re ready to hear from you.

• Author Details

Megan Doll Author

email

megan.doll@econolease.com