End of Term Options

You have the following five options on each item of equipment within your FlexiLine credit facility:

Operating Lease

1. Return Equipment
If at the end of your term you have no further use for the equipment, simply return the equipment to FlexiGroup with no more to pay. Equipment has to be in good working order as per clause 13 (a) and (b) in the terms and conditions.

2. Own the equipment at the end of the Minimum Term (subject to our agreement)
Make us an offer to purchase the equipment if you would like to own it. You can offer any price, but we have the right to accept or reject your offer.

3. Swap and update to new equipment
(subject to our agreement) 3 months prior to the end of the Minimum Term (excluding 12 month terms), simply return the equipment in good working order and take out a new agreement. The new traded up contract must not be less than 10% of the original contract value, and not less than $500. FlexiGroup will waive up to 3 remaining lease payments if a trade up occurs 3 or more months before the end of term.

4. Keep and update to new equipment
If at the end of Minimum Term you wish to keep leasing the old equipment and update to new equipment, simply take out a new agreement for equal or higher value, and keep leasing the old equipment for one extra payment.

A combination of the above

Lease-To-Own