End of term options ... it's your choice
Flexirent' Operating Lease end of term options give your business
the flexibility to manage changing IT needs, helping you to stay
productive and ahead of your competition.
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.
For more information on the upgrade process, refer to your Flexirent Application booklet or call
0800 444 827.
FlexiGroup will endeavour to contact you to remind you of your end of term options (at the last address you have given us) before the maturity of your Flexirent Agreement.
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