We have developed a finance product specifically for the enthusiastic cyclist to stay relevant and on top of the rapidly advancing sport of cycling. An added benefit is that an upgrade at any time is possible. We will show you how cost of ownership can beat the purchase price.
We finance according to an operational rental model which has various advantages:
*only serialized accessories, limited to 10% of bicycle value*
RENEWED is aimed at ensuring that clients are continually kept abreast of the latest financial developments in the cycling market, and to address the individual needs of these clients. It is with this understanding of the industry that rental financing is offered by RENEWED
Tailor-made packages are crafted depending on the client’s requirements to cater for cash flow and budget constraints, rent-free periods, residual values, bullet payments, etc. An overview of the major aspects of the rental concept is included for your perusal.
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.
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.
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.
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.
When a client buys for cash he is free to buy from your competitor without your knowledge. However, if a client is using our rental product, we immediately alert you should the client ask for a settlement figure.
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 rental agreement is structured in such a way that the client perceives the rental products as being specially structured for his use by the supplier. This reinforces your ongoing relationship with the client.
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.
(This depends on when you upgrade the client and we would be happy to discuss this with you in more detail)
What you need: