Authorised FSP no 52167
Renewed Group provides specialised funding across niche product sectors. Our objective is to make equipment and products affordable to business clients.
We specialise in providing off-balance sheet funding to you in unique industries. We fund anything from big industrial machinery and equipment, medical equipment, air compressors, generators, Solar systems and bicycles.
We finance according to an operational rental model which has various advantages:
Full time employed for longer than 24 months
Control of the Transaction
By using our product, your salesman has total control over the sale. Many of you will know the frustration of waiting for your client to arrange financing, and never being sure whether he was arranging matters or just keeping you on a string.
Quoting monthly rentals rather than capital
Inflation has pushed the price of goods to very high levels and often the capital price scares off the client. Quoting the monthly figure enables the client to concentrate on the actual monthly cost instead of a huge capital outlay.
Rental vs Cash
Renewed Gear offers your client an inexpensive way to have use of equipment he needs without draining his available cash. The client will also not have to use up his available credit lines with other institutions.
Ease of use
The documents are user friendly. You also save your client the time and convenience of looking for finance.
The monthly rental can be structured (within reason) to suit your client’s budget.
There will be no need to allow cash discounts thereby improving your profit margins.
Cash flow improved
If all the documents are in order and the client is approved, we pay out the full amount due on delivery. You do not need to carry debtors. Therefore, your cash flow is improved and bad debts reduced.
The rental is an operating rental and can be fully deductible in your client’s hands.
The unique structure of the rental agreement permits you to upgrade the older equipment with more up to date equipment, without materially altering the client’s monthly rental.