Impact’s Equipment Lease Agreement comprises specific terms that form the basis of the contract. Some of these terms will include:

1. Lease Duration The lease duration will depend on the company’s needs and the cost of the equipment. For a small business whose equipment needs may change quickly, a short lease duration is a favourable option. For expensive capital equipment, a longer lease duration is more convenient and cheaper in the long term.
2. Financial Terms The equipment lease agreement includes terms such as the timelines on payments – for example, when the periodic payments are due and the last due date for late payments.
3. Payment Due to the Lessor (Impact) A business considers its projected cash flows to decide if they will meet the periodic interest and principal payments. The payments are spread over several months until the expiry of the lease period or when the lessee takes ownership of the equipment if there’s an existing agreement with the lessor.
4. Market Value of Equipment Some equipment is expensive, and the lessee needs to understand the market value of the equipment before getting into the contract. Knowing the market value helps the lessee assess the insurance costs to protect against the equipment being lost or damaged.
5. Tax Responsibility Depending on the type of the lease, the lessee may be required to pay certain costs as taxes on the equipment. Knowing the tax responsibility under different types of leases will help the lessee avoid pitfalls of unanticipated expenses. 
6. Cancellation Provisions The equipment lease agreement must include guidelines for agreement cancellation. A business may decide to cancel the agreement midway, either because they find an alternative or because the equipment is defective or outdated. Some leasing companies might charge punitive penalties if the actual penalty rates were not disclosed at the initial stage. Technology-based equipment becomes obsolete fast, and businesses may want to find alternatives quickly to beat the competition. 
7. Lessee Renewal Options Lessee renewal options provide guidelines on the renewal process at the expiry of the lease period. The lessee may want reduced periodic payments or an opportunity to acquire the equipment at the expiry of the lease period.

Why choose our leasing solution?

To our team at Impact, it is vital that you take full advantage of these benefits, and we do understand that it is vital to choose the right Leasing Partner. We offer you an end-to-end solution that minimises third party involvement. A partner that helps to save money both up front and over the lifecycle of the equipment, without compromising on the integrity of the technology or quality of the equipment and fixtures. A partner who has the capabilities to keep you using the right technology while having the infrastructure to reuse and recycle your old, dormant technology.

To aid you in your decision-making, we have highlighted five core elements that make Impact a perfect Leasing Partner:

1. Transparent Fine Print With us, there are no hidden costs, such as swap out or refresh penalties. The lease term and conditions of the lease are clearly highlighted in our Lease Contract. There are no forced lease extensions or limitations on which retail displays, fixtures and related equipment can be leased. 
2. Latest and Updated Asset Management Tools It is essential to manage retail fixtures, equipment, and other assets. Throughout the life of the asset, to avoid incurring additional costs when assets need to be returned at the end of the lease. Staying in control of leased asset information is crucial. We provide a periodic (monthly, quarterly and/or annual) report of the leased assets to allow you to keep track of your monthly lease and, make informed management decisions as you grow. 
3. Insurance is Vital Insuring company equipment and protecting company assets applies when leasing equipment. It is essential to clarify who will be insuring the assets. We can include the insurance premium in the Lease Agreement by using a reputable insurance company, or, you may opt to insure the assets yourself. The agreed terms will be included in the agreement.
4. Refresh and Disposal Implications When leasing, it is important to be clear on whether the provider includes disposal or logistical services. IMPACT provides disposal and logistical services, the costs of which can be added to the Lease Agreement or paid for at the end of the lease terms. When the lease contract comes to an end, we want you to focus on what is important to you. Thus, we ensure that it is agreed who pays and takes responsibility for this element.
5. What Happens to your Expired Assets IMPACT has not only the means to environmentally dispose of, reduce and recycle your used equipment and technology, but also the means of providing an auditable data destruction process on your technology-components to ensure adequate data wipes.

To be added.