Why should I rent when I have lots of cash?

Rental allows your business to put its cash to use in income producing areas where the return over time is measurable. We believe it is much better to invest cash in assets that appreciate rather than those that depreciate.

• Sitting on large cash reserves does not derive any benefit for the shareholder and reduces a company's return on assets. A shareholder could put their money in the bank to achieve the same result and have much more security.
• It is also important to consider what business your company is in. Where do your core competencies lie? SSIT is in the business of remarketing ex-corporate IT equipment. Is yours?
• Additionally, it is very difficult, if not impossible to measure Return on Investment (ROI) from an IT investment.
• Rental also allows cash to be kept on hand as the expense is incurred as the benefits are received; that is, over time.
• The before and after tax comparison of rental to cash will almost always be favourable to rental.
• When purchasing with cash you are still faced with the problems associated with ownership; obsolescence, disposal and asset management.

Is it possible for me to replace equipment when I need to?
Yes. Using the SSIT Exchange Plan you have the flexibility to replace equipment whenever you need to. It is possible for you to exchange or upgrade equipment without any increase in your rental payment, just a proportional increase in the length of your rental period.

Can I increase or decrease my rental payments?
Yes. At any time during your rental period you can choose to decrease or increase your rental payments. Decreasing your rental payments will generally mean that your payment duration will be extended. Similarly, if you increase your regular rental amount your payment duration will decrease.

What sort of equipment can I rent?
You can rent anything from SSIT, except for real estate or registrable vehicles. The majority of equipment rented through SSIT is that which becomes obsolete relatively quickly.

Equipment such as desktop PC's, laptop's, PABX's and servers all have limited life spans and therefore renting these equipment types will allow you to upgrade or replace them once they have become obsolete.

As SSIT is vendor independent you can rent want you want from your chosen supplier.

To learn more about renting the equipment you need visit our Why Rent section.

What happens if there is a fault with my rental equipment?
Because you source your rental equipment through the supplier of your choice you simply use the warranties or service arrangements that are offered by that supplier. In the case of a fault you deal with your supplier directly.

If any of your rental equipment is replaced due to a fault, SSIT should be advised so that our records can be updated.

For SSIT Education customers there is a support program in place whereby you contact SSIT who will then arrange for the maintenance or replacement of your faulty equipment.

Why are quarterly payments preferred?
SSIT prefers quarterly payments that occur on fixed dates because it is much simpler in an administrative sense. No matter how many times and on what dates you draw down under your facility you will still only pay on the same four days each year. This also produces cost savings for us that are passed onto you.

What residual values does SSIT take? Why won't SSIT disclose them?
The residual values that SSIT assumes are in line with global industry standards. Our marketplace is extremely competitive and disclosing the exact percentages would place us at quite a disadvantage. At any rate, it is the effect that the residual has on your rental payments that should be most important to you, not the percentage amount.

How does a residual value provide me with benefit?
An easy way to describe a residual value in a SSIT rental is that it is like having a guaranteed buy back built into the deal but it is delivered to you in the form of lower rental payments.

It also means that the amount financed is less than the total price of the equipment. You have use of the full value but are only paying rentals on a portion of that value. The other portion is the amount the equipment owes SSIT at the end of the rental period, the residual value.

Who do I contact to enquire about rental?
To contact a SSIT representative about the implementation of a rental solution simply go to the "Contact Us" section of the site and find the SSIT office that is closest to you. You can send an email to the posted address or call the listed telephone number.

To make an enquiry visit the Contact Us section of the website.