We finance your rental equipment
Some customers prefer to rent rather than buy outright. This can create problems for you as a manufacturer or vendor. You have to finance the expensive rental equipment and then lack sufficient funds for other important capital expenditure. Capitalising the rental equipment also weakens your balance sheet and reduces your equity ratio. This is where Societe Generale Equipment Finance is able to help by providing optimised financing solutions.
If your customer would like to rent long-term, you can offer him one of our leasing agreements. If, on the other hand, your customer only wants to rent short-term, our rental finance programme would be the most suitable solution. In this scenario, you acquire the assets for your own account with the aim of recouping the procurement costs through repeated rental of the asset. With rental finance, there are two possible ways of drawing on the services of Societe Generale Equipment Finance:
1. Individual agreement
If you only intend to lease out your products on an occasional basis, our customised individual contract is the right solution for you. The interest rate is fixed for the entire term of the agreement, providing a stable cost base for structuring your rental business.
2. Framework agreement
If you intend to offer your products for rental on a regular basis, our framework contract for rental finance is the right solution for you. It is structured in such a way as to give you the flexibility to draw down funds as required within the agreed credit limit - without any processing or redemption charges. You also benefit from the favourable terms for short loan periods.