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Website:www.breezehill.co.za

DISCLAIMER

FINANCE

Rental finance will be arranged to suit your requirements through a recognised financial service provider at your request.

Terms and conditions apply.

BENEFITS OF RENTAL AGAINST CASH PURCHASE

 

Description

Cash Purchase

Rental

Equipment Value

The owner must accept any decrease in the value of the equipment.

All risk associated with equipment obsolescence and depreciation lies with the rental company.

 

 

 

Disposal of Equipment

The owner is responsible for the disposal of the equipment which has associated costs.

The rental company is responsible for the disposal of the equipment that is returned.

 

 

 

Ownership

All aspects of, and risks associated with ownership lie with the organisation.

All of the risks of ownership lie with the rental company, not the user.

 

 

 

Payments

Payment in advance.

Payments are fixed and spread over the useful life of the equipment.

 

 

 

Taxation

Owner may claim a tax deduction.

Rental Payments are fully tax deductible over the period of the rental term.

 

 

 

Effect on Balance Sheet

Appears as an asset on the balance sheet.

Off balance sheet and is seen as an operational expense

 

 

 

Flexibility

No upgrade facility in place rental period.

An upgrade facility is available at any time during the rental period

Prime Rates
 
Current Prime Rate
 
Current Prime Rate : 15.50%  Effective Date : 2008-06-13
 
Prime Lending Rate History
 
Interest (% pa) Effective Date
15.00 % 2008-04-11
14.50% 2007-12-07
14.00% 2007-10-12
13.50% 2007-08-17
13.00% 2007-06-08
12.50% 2006-12-08
12.00% 2006-10-13
11.50% 2006-08-04
11.00% 2006-06-09

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