MiniLease - Frequently Asked Questions
Q) How does MiniLease operate?
A) MiniLease works exactly like a car lease in that you own the goods at the end of the lease you simply pay the residual amount to take ownership of the equipment. The longer the term, the lower the residual
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Q) What are the residual amounts?
A) On a 5 year MiniLease the residual owing at the end of the agreement is 5% of the invoice price.
On a 4 year MiniLease the residual owing at the end of the agreement is 10% of the invoice price.
On a 3 year MiniLease the residual owing at the end of the agreement is 15% of the invoice price.
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Q) Do I get to own the equipment at the end?
A) With MiniLease you may take ownership of the goods once the residual is paid and provided all payments have been made.
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Q) Are there any penalty fees for early payout of my agreement?
A) There are no penalty fees for early payout and termination of the agreement, however you will have to pay out the remaining rentals plus the residual. You will be credited with any savings from interest charges by shortening the term.
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Q) What happens if I don't want to pay the residual?
A) If you elect not to pay the residual then the equipment remains the property of Flexirent Capital Pty Ltd and it is your responsibility to have the equipment couriered to our Sydney warehouse in good working order. You must also have paid all outstanding lease payments. If you choose this option then you must advise Flexirent capital Pty Ltd by contacting our
Customer Loyalty Division on 1800 240 102
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