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Utax Rentals (Pty) Ltd is a wholly owned subsidiary within the Utax group of companies. The company was formed as part of the Utax SA long-term strategy of building long term relationships with its customers. It’s core focus is to provide funding of rental contracts exclusively for the Utax sales network. The company provides further assistance by using tailor made billing systems specific to the Office automation industry which integrate with the service and accounting systems.
This enables us to offer:
- Rental contracts over periods from 12 to 60 months
- Short term contracts
- Copy charge only contracts
- Aggregated copy charges agreements
- Integrated billing of service and rental agreements
- One to many, many to one or many to many billing
The benefits of these products are:
- Equity capital is NOT tied up in non-core assets.
- Existing credit lines are not compromised.
- Rentals are fully deductible for income tax,
- Cost effective solutions,
- No Capital Expenditure budget approvals
- No Fixed Asset register and administration is required
- Customer Flexibility including:
- Manage equipment obsolescence and changing business needs through equipment upgrades during the rental period - ensures the optimum competitiveness and efficiency of your business.
- Tailored rental solutions to suit business cash flows i.e. fixed and variable interest rates, escalations, bullet payments and residual values
- Options to continue renting assets at end of rental term.
- Combining of service rental collections
- Copy charge only contracts
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