Home > Why Renting is Smart > Questions About Renting

Why is renting a better option?

Because it's good for your cash flow and saves you money by spreading the cost of your equipment over its useful life.

What happens at the end of my RentSmart agreement?

At the end of your rental plan, you can simply choose to update to the latest technology, continue renting the equipment, or you have the flexibility to offer to buy the equipment at its "fair market value".++

What is "fair market value"?

It's the price you'd expect to pay for your equipment in the market place.

Can I cancel the agreement?

A RentSmart agreement is a fixed term contract. If you cancel, you must pay out the balance of the agreement.

How do I make my monthly payments?

Monthly payments are directly debited from your nominated bank account.

Can I update my equipment or add new equipment to my rental plan?

You can. Contact RentSmart direct and we can help you choose your best option.*

What is the interest rate?

The agreement is a rental of the equipment, not a loan of agreement or hire purchase agreement, therefore what you pay is a monthly rental for the equipment not interest.

What is the duration of a RentSmart plan?

Either 2, 3 or 4 years. Dependent on your requirements.

What happens if the equipment breaks down outside the manufacturers' warranty period?

It is your responsibility to maintain the equipment throughout the rental term. Why not add your retailers Extended Warranty Plan which can be included in your rental agreement.

Do I need insurance?

To protect you from loss, RentSmart requires all rented equipment to be insured. You may use your own insurance or alternatively choose to cover the equipment with a RentSmart Accidental Damage and Theft Protection Plan.

Click here for more information on RentSmart’s Accidental Damage and Theft Protection Plan.

Where can I find out about RentSmart's customer offers?

RentSmart frequently negotiates exclusive customer offers with retailers and suppliers which it can pass on to its new customers.

Click here for the latest offers!

++ RentSmart is under no obligation to sell the equipment to you.
* Conditions and additional rental charges may apply.