Who chooses the equipment and the supplier/dealer?
You can choose any brand and model and source from your preferred local dealer/supplier as long as the dealer/supplier is authorised to give you a manufacturer’s warranty. Ezy Rental has a national network of preferred suppliers and is able to command very attractive discounts and rebates which are passed on to you.
Can I negotiate a better price from the dealer/supplier?
Yes. If you can get a better price than Ezy Rental can, or you are entitled to a group discount then this is the price that we will use to calculate the weekly rent.
How quickly can I get approval?
Very quickly! Usually within 24 hours but can be done straight away if necessary. No waiting days/weeks for approval.
When does the rental agreement start?
The rental agreement commences on the first Friday after you receive your equipment and we receive the security deposit.
How do I pay?
You will be provided a Direct Debit Authority with the rental agreement, which allows electronic transfer of funds from your account to Ezy Rental each week on a Friday. This is a very convenient method of payment and the only one that we use.
What happens if the equipment needs repair or breaks down?
Each new piece of commercial equipment comes with a manufacturer’s warranty, which is passed on to you. Once the warranty has expired, then as with any other finance arrangement, you are responsible for any repair and maintenance costs.
When do I get my security deposit back?
Your security deposit is calculated at 4 weeks rent and is payable at the start of the agreement. It will be refunded to you within 14 days at the end of the agreement.
What about insurance – who insures the equipment?
There are 2 options. You can arrange for insurance, which is what most of our customers do by adding the new equipment to an existing “blanket” insurance policy. If you choose this option, you will need to provide Ezy Rental with a letter from your insurance company to confirm that you have done this. Or, if you prefer, you can opt to pay a “Damage Waiver Fee” which will be calculated at 12.5% p.a of the weekly rent and is paid weekly with your rent.
Can I return the equipment at the end of the agreement?
If you want to. However you automatically own the equipment for a payment of only $1 at the end of the term. You can keep using, sell on eBay, or trade in for the latest model.
What is the interest rate?
Ezy Rental purchases and owns the equipment and then rents it to you. You are not taking out a loan or borrowing funds – it’s the weekly payment amount that is important for you to know.
Can I purchase the equipment?
Yes you can purchase the equipment at any time during the term. However this defeats the purpose of spreading the cost out over the lifespan of the equipment which is one of the benefits of “Rent to Own”.