Finance
Q: I’m not receiving an invoice for the monthly amount being debited for the Equipment Rental Agreement.
Your Equipment Rental / Lease agreement acts as your monthly tax invoice for the duration of the term.
To receive another copy, please email [email protected]
Q: I need to change the debit details for my Equipment Rental agreement
Email [email protected] for a new Direct Debit form. Once completed and signed, the details will be updated for all future monthly debits. If a change in direct debit details is part of a change in entity, or transfer of ownership, reach out to our billing team, who will assist in facility a change of ownership of your agreements.
*Subject to credit assessment and approval
Q: Can I payout my Equipment Contract early?
Contact our team who will discuss the process should you wish to terminate your equipment contract early. The Termination of your Rental Agreement or Lease Agreement is calculates as the fixed monthly rental payment multiplied by the remaining term, plus any fees charges and arrears, if any. For an accurate amount, and to discuss your intention to terminate, please contact our billing team on either [email protected], or 1300 02 04 02.
Q: I'm selling the business and the new owner would like to take over the equipment contract
Nexgen can assist with the Novation of an existing Equipment Contract. Contact us at [email protected] and our team will discuss the process of transferring the contract.
*Please note that the application by the new entity is subject to credit approval, and the current applicant will remain responsible for all obligations towards this contract until such time that the Novation has been successfully completed.
Q: I’m reaching the expiry of our equipment agreement, what are my options?
At this point, you would have been contacted by one of our account managers to discuss your end of term options.
At the end of the equipment rental agreement, you have the option to buy the equipment at an agreed price, return it, or start a new one with new products.
Our dedicated account managers provide a thorough analysis of your existing agreements and cater a customised solution for your changing business needs.
To speak to our team, contact [email protected], who will assist with arranging an obligation free face to face meeting.
Q: Why Finance?
The problem with buying new technology outright is that it often depreciates in value quickly. Equipment for your business become obsolete as new models are rolled out, and it can be extremely costly to keep up with all the latest products you need by paying the full price every time you want to upgrade. Renting technology eliminates the need to have to pay large sums of money outright for the latest technology. Easily manage your budget and cash flow
- Choose from 24, 36, 48 and 60 month terms to select a time frame and monthly payment amount to suit your budget.
- No deposit or set up fees required.
- Transparent terms and no hidden costs.
- Leasing or Renting frees up your cashflow so you can keep the day to day operating smoothly whilst enjoying the benefits of your new technology.
Q: Under a Rental Agreement, does the rental payment change with changes in interest rates?
A Rental Agreement is a fixed monthly payment obligation, across a fixed contracted term. Therefore once you are approved and your Rental Agreement begins, the rental payments will be fixed throughout the term.
Q: Who is responsible if the equipment is lost, stolen or damaged?
As the operator of the equipment, you will typically retain and bear the risk of accidental loss or damage to the equipment anywhere in Australia. You should always maintain insurance for the equipment to protect against the risk of accidental loss or damage to the equipment.
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