Renting is an agreement where a payment is made for the temporary use of a good, service owned by another.
At the end of the first agreement period, the client can decide to:
:: extend the location duration with prefixed conditions;
:: Give back all the material or ask for a substitution;
:: By the good.
Renting (Long term rental) is a system of payment for the temporary use of something owned by someone else.
Fixed periodic fee is usually for 24/36 months.
It’ s even possible “All inclusive” system which include support and services.
Usually the agreement envisages the option to purchase the good at a fixed price at a specified future time (at the end of the contract).
Spare your start-up capital: the renting allow the company to a temporary use of a good without invest any capital.
One may not wish to pay the full price that ownership would need, allowing for smaller payments over a specified period of time.
The fee can be increase in case of additional products
At th end of the term, the client can decide to:
• extend the contract
• give back the goods and do another contract
• purchase the goods at a fixed price