Fixed Term Rental

A contract for a fixed period of time ending on a specific date where payments are made in return for the use of equipment. With this type of agreement, you make payments in return for using goods up until a specific date. Our Fixed Term Rental agreement is ideal for short and medium life equipment as well as some vehicles. Typically, two to five year hire periods are available.

 

Arkle’s Fixed Term Rental agreement is ideal for short and medium life equipment as well as some vehicles. You select the equipment or vehicle of your choice and the supplier sends an invoice to Arkle which is paid in full.

There are many forms of Rental agreements in the market so before you sign the documents it is in your interest to read the small print and fully understand the terms and conditions.

How it works and a few key features

  1. Choose your equipment or vehicle.

  2. Once you’ve signed your agreement with us, the equipment
    or vehicle is yours to use as you wish. You’ll be responsible
    for the maintenance and insurance and you’ll pay us a fixed
    number of rental payments, which attract VAT over a fixed
    period of time.

  3. At the end of the fixed term (usually between two and five
    years), provide us with notice of your intentions and then either:
    hand the goods back to us without paying anything else,
    or
    pay an annual secondary rental and continue to roll
    your contract over for another year.

     

    As this is a rental agreement, you won’t own the equipment or
    vehicle. You can end the agreement early by returning your goods
    and paying the remaining rentals.

What's so good about this product?

  • Choose your repayment term from between two to five years. Subject to approval. 

  • In most cases you have the option to Sign your

    agreement digitally and say goodbye to print 

    and post.

  • This product can be flexible and allow the rentals to vary in line

    with your seasonal income. This must be agreed prior to the

    start of the agreement. 

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