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  • IT need an Upgrade?

  • Get the Technology you Need without pressure on Cash Flow

  • Complete Finance Solution for all your IT

  • Don’t risk your Business by using old Technology

  • Keep Up to Date With Technology

  • Finance your IT

    Conserve Cash flow and Bank Lines
    Conserve Your Time & Energy with Absolute Convenience

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The ability to upgrade is a key factor when determining whether to rent or buy the computing power you need.

Many companies today are faced with increasing change at an increasing rate, and this must be managed effectively in order to enjoy continued success. As technology advances, the risk inherent in purchase decisions increases, but by renting equipment through Multi Equipment, the risk can now be minimised. We offer flexible cost-effective rental solutions that allow each of our clients to keep up with the rapid pace of changing technology.

Essentially, Multi is able to provide you with the necessary tools to enhance your competitiveness in the marketplace, whilst simultaneously improving your financial status. Our finance options have a number of features and benefits – all with additional options that can be tailored to meet your individual business requirements.

What is an Operating Rental?

An operating rental is a cost-effective way of allowing a client the use of an asset without having to outlay the full purchase price upfront. This allows the client to retain cash for his working capital needs.

Why Finance IT from Multi?

Simply put we make it Fast and Easy, by being IT support and product providers first we can ensure that the IT you desire is right for you and works the way you want. We offer the complete Solution all from a single point which saves you time and money.

Get a Finance Solution Now

What Rental can do for You

The means to structure a payment plan to suit your cash-flow requirements.

Upgrade your equipment and keep up to date with the latest technology.

Avoid time consuming administration such as fixed asset register and depreciation schedules.

To keep your Long Term borrowings down, as rentals are reflected as an operating expense on your Income Statement and not on your Balance Sheet, thereby not affecting your Company’s gearing and credit worthiness.

To claim VAT back on your monthly rentals.

To enable urgent CAPEX investment purchases even when there is no CAPEX budget available.

Features and Advantages of a Rental

 Rental payments can be structured to accommodate budgetary restrictions / financial constraints.

 Rental helps you, the customer, to cater for and improve your cash flow.

 You don’t have to have a big budget to buy it, only pay the monthly rental.

 The Ability to operate the way all big businesses do.

Tax/VAT Benefits

Close-up of human hand inserting two euro coin into piggy bank VAT is not capitalized upfront but rather paid monthly with each rental.

 VAT on the rental will be regarded as input VAT and may be claimed against any output VAT Collected.

Deposit and Credit Benefits

 No deposit is required, thus reducing the client’s capital outlay.

 By using rental as apposed to other funding methods, you will not be using your credit facility at your own bank.

What About the Balance Sheet?

 Rentals are reflected as an operating expense in the Income Statement and not on the balance sheet

 No bank can offer “off balance sheet” finance direct to clients.

Upgrading

A Big Benefit of Renting is that it provides the flexibility to change or add as technology improves, or as the site or business expands.

Your Rental Options

 Rentals can be structured around the clients particular cash flow requirements including stepped payments.

 Escalation options of 0%, 10%, 12% and 15% per anum are available.

 Monthly rentals can be reduced by use of escalation options, therefore easing the client’s immediate cash flow.

 Terms are 36, 48, and 60 months.

Minimized Administration

 Rentals are collected from the client’s bank account via debit order, thereby reducing the administration burden.

Anything else you might want to know

 You, the customer, can now enjoy the full use of equipment at the lowest cost possible.

 You can now enjoy the best, top of the range equipment by renting.

 We are here to offer solutions for all your financing needs.

 Above-mentioned advantages derived from the rental, automatically increases the overall business value of the Organisation. Should equipment that is rented by the customer be used operationally as a core business service , the equipment or product indirectly ‘pays” for itself and the above-mentioned advantages derived from the rental, automatically increases the overall business value of the Organisation.

The IT we Finance

 Tablets

Desktops

Laptops

Monitors

Servers

Networking Equipment

UPS

Printers

Multi Function Printers

Telephone Systems

VoIP Systems

Audio Visual

POS

Software

Cyberoam Units

Security Equipment

The Full Benefits of Renting, Leasing and Installment Purchases Explained

Get a Finance Solution Now

Installment SaleRentalLease
Definition An agreement whereby the bank purchases a
durable asset on behalf of the client, who pays
for the item together with finance charges over
an agreed period.
A contractual obligation conveying the right to use an
asset for an agreed period of time in return for a series
of payments by the user.
An agreement whereby the bank allows the client the
use of the asset for a specified period, in return for a
series of cash payments, which includes finance charges
and transfers substantially all the risk and rewards
associated with ownership.
Deposit/Initial
Payment
Negotiable to suit our customer needs.All initial rentals may be negotiated to suit our
customer needs.
Negotiable to suit our customer needs.
OwnershipSecured by Multi, After Final payment, owner
passes to credit receiver.
The hirer retains ownership of the asset.Owned by Multi. Ownership can be obtained at the end of
the lease agreement at a price lower than market related
prices.
AssetsSuch as airplanes, plant machinery and
equipment, generally non income generating.
Such as airplanes, plant machinery and
equipment, generally non income generating.
Such as airplanes, plant machinery and
equipment, generally non income generating.
PaymentsFlexible- Monthly/Quarterly/Half Yearly/
Annual/Structured Payment.
Flexible- Monthly/Quarterly/Half Yearly/
Annual/Structured Payment.
Flexible- Monthly/Quarterly/Half Yearly/
Annual/Structured Payment.
PeriodNon-statutory limit. Generally 60 months
maximum.
Generally 60 months maximum or the depreciable
life of the asset.
Non-statutory limit. Generally 60 months
maximum.
VATCapitalized and included in the agreement.
The client may in most cases claim an input
credit in respect of VAT.
Payable on each monthly rental. The client may
claim an input credit in respect of VAT.
Capitalized and included in the agreement.
The client may in most cases claim an input credit in
respect of VAT.
TaxationBusiness users: Wear and tear and interest
deductible from taxable income.
Business users: Total ex VAT rental can be deducted
from income statement.
Business users: Total rental can be deducted from
income.
End of
Agreement
Ownership passes automatically to client.Assets are returned to the Rentor. A secondary
rental may be taken out or negotiations for ownership
conducted
Assets can be returned to the bank, purchased, sold to
third party or a secondary lease may be taken out.
Tax LiabilityOn termination there are no income tax
implications, however, on the disposal of the
asset there may be a re-comment where the
sales proceeds exceed the depreciation value
of the asset
Applicable when:
The hirer obtains ownership.
Applicable when: The lessee obtains ownership at below
market/ deemed value.
Proceeds on disposal are rebated to lessee
Lease extended at a rental less than 10%, deemed value
Balance Sheet
Implications
Asset is capitalized and reflects on the
balance sheet.
No long-term liability is reflected. As a rental is a
contingent liability.
Asset is capitalized according to GAAP and the liability
is reflected on the balance sheet.
Residual Value/
Balloon Payments
Can be negotiated with bank dependent on
the type of asset purchased.
Can be negotiated.Can be negotiated with bank dependent on
the type of asset purchased.
Interest RateMarket related (negotiable). Aim to provide
products that enable customers to manage
their own interest rate risk. Linked to Bank
Prime Overdraft rate or BA Rate. Fixed rate
and shortly able to offer interest
rate derivatives.
Market related (negotiable). Aim to provide products
that enable customers to manage their own interest
rate risk.
Linked to the Prime Overdraft Rate or derivatives.
Dependant on client, amount and asset.
Market related (negotiable). Aim to provide products
that enable customers to manage their own interest
rate risk. Linked to Bank Prime Overdraft rate or BA
Rate. Fixed rate and shortly able to offer interest
rate derivatives.

Contact Us for a Rental Option Suited to You


A Trusted Outsourced IT Partner taking your Business from where it is now to some place extraordinary tomorrow through Technology

Multi Services

Services
Backup and Off Site Storage
Free Fax to Email
Hardware Solutions
Managed IT Support
Managed Monitoring Services
Managed Print Services
Managed Procurement Services
Managed Security Services
Managed Services
Networking
Software Solutions
Website Design

Products

3CX PBX
Hosted 3CX PBX
Cyberoam Security
GrandStream PBX
Managed Anti-Virus
Networking
Office 365
Sophos Next Gen Firewall
VoIP – Voice over Internet Protocol 

Find Out More

Contact Us
About Us
General Enquiries
Request a free IT audit
Request a free Security Evaluation
Request a Pricing Plan
Multi Blog
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Career Opportunities

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