We cover all manufacturer's warranty for the duration of the active rental equipment term. On average, commercial kitchen equipment starts to break down after 3 years of usage, which may lead to costly repairs and consistent maintenance.
100% Tax Deductible*
Rental payments are an expense item for reporting purposes. GST is also claimed in each payment. Our rental program is as simple as paying an affordable monthly rate over time versus paying a large payment to afford the equipment all at once. The process is easy as how you would pay your monthly utilities bill.
Buy out the goods at any time with the 75% rebate of the rent paid to date off the finance price.
Low Weekly Payments
Free up your cache that could be better used improving your business. By renting our kitchen equipment, rather than paying a large sum of money upfront to purchase equipment, you incur an on-going monthly expense at an affordable rate.
Easy Finance Approval
Immediate finance processing with all the rental contract documentations drawn up within 24-business hour. It is obligation free and there's no application fees with only minimal documentation required. All applications are assessed on a case by case basis.
Off 'Balance Sheet'
Does not appear on your balance sheet as debt or loan. Renting does not affect the business' capacity to borrow for future expansion. This means you can keep your cash flowing and maintain liquidity without affecting your personal borrowing.
Flexible terms (14, 24 or 36 months) and options at the end the term to keep on renting, upgrade your equipment, buy it out or simply return the unit back to us.
Keep up to date with technology by acquire more and better kitchen equipment than you could do without financing.
Terms & Conditions
* Subject to correct use of equipment in accordance with manufacturer's manual. * Caterlink is not aware of individual taxation situations. Advice should be taken from your accountant prior to renting. * Maximum rebate of 90% of value goods
Frequently Asked Questions
What is Rent-It-Today all about?
Rent-It-Today (RIT) is an affordable way to finance the equipment that you need to begin your business, leaving you with cash/capital in your pocket to maintain cashflow. We get a loan from the bank to purchase the equipment directly from our suppliers and rent it to you for an agreed term (12, 24 or 36 months). You can purchase the equipment at any time with 75% rebate. At the end of the term you can continue to rent,
upgrade buy-it-out or simply return the equipment back to us.
Are my payments tax deductible?
Yes - up to 100% depending on the portion of usage for the business. Tax advice from your accountant should be sought before any decision to rent.
Who owns the equipment?
Caterlink does. The benefit of this is we cover the manufacturer's warranty of the equipment.
What is the $ limit I can rent?
We can offer you a finance lease from $1,000 (can be for a package of smaller equipment total) to $200,000 to suit your business needs.
What do I need to apply?
We like to keep things simple. Unlike the big banks who require a lot of paperwork, we just require the basic information about your business.
We need to identify who you are by obtaining your driver's license and Medicare card.
For a lease above $20,000 we will need a little more information: - The last 6 months of bank statements for your business - The most recent Balance Sheet and Profit/Loss Statement
Are there any fees?
The only upfront payment is 8 weeks security deposit which is refundable at the end of the contract, providing that there's no arrears or any repairs costs necessary.
What is the interest rate?
Unlike a loan, no interest is charged because you are paying for the use of the equipment over a fixed term. You are not repaying a loan.
How do repayments work?
It is important to offer you hassle-free-way to pay the weekly rental. To help you avoid missing rental payments, we automatically deduct from your nominated bank account.
I am selling my business. What options do I have with my rental contract?
The rental contract is transferable. Please contact our Equipment Finance Manager to discuss this.
What happens when something goes wrong with the equipment?
All manufacturing repairs and breakdowns are covered during the rental period. This does not include general servicing, issues caused by lack of maintenance or improper use, back to base transport or blocked condensers.
What if I want to own the equipment outright?
You can buy out the goods at any time with the 75% rebate of the rent paid to date (maximum rebate of 90% of value goods) off the finance price.
Will the contract ever expire?
No, the contract will be active until the equipment is purchased or when you choose to terminate the contract at the end of the term.
What happens at the completion of the rental term?
You have the following options:
- Continue Renting - continue to rent with manufacturer's warranty coverage and claim your tax benefits.
- Upgrade - test technology at your fingertips! Upgrade to new equipment at the completion of the agreed term.
- Return the Goods - delivery to be organized by the client.
- Buy - buy the goods at any time with the 75% rebate of the rent paid to date off the finance price (maximum rebate of 90% of value goods).
Can I cancel and hand back the equipment before the end of the term?
If you return the equipment before the end of the term you must pay for the balance owing (termination fee).