What is a lease rental?
In simple terms, a lease rental allows a business to spread the cost of acquiring a piece of equipment over a chosen period and removes the need to pay for it all upfront.
Who is a lease rental for?
A lease can be for almost any business and is an incredibly effective way of allowing a business to hold on to its cash while investing in business equipment for the future.
Over the last 40 years, GRENKE has provided leasing to numerous styles of businesses and organisations; sole traders, partnerships, public and private limited companies, associations and organisations, medical, health and educational providers, municpalities, public hospitals, semi-state institutions, Government bodies and so much more.
WHAT KIND OF EQUIPMENT CAN I LEASE WITH GRENKE?
GRENKE operates independently of equipment manufacturers and equipment resellers and combined with our unique approach to underwriting it allows us to consider a very broad range of equipment (including but not limited to): IT Hardware & Software, Copiers, Printers, Telecoms systems, Medical Equipment, Coffee Machines, Vending Machines, industrial machinery, Commercial Catering Equipment, White Goods, Point of sale and retail equipment, hotel and office furniture, Commerical Solar Panels, drones - and much, much more. It may be possible to lease other items – simply talk to your local GRENKE contact.
HOW CAN I APPLY FOR A LEASE?
Normally, you’re chosen equipment reseller would submit a proposal for a lease rental on your behalf to GRENKE. However, if your equipment reseller doesn’t already use GRENKE please ask them to do so. Alternatively, you can contact GRENKE directly.
I am a reseller/supplier how do I submit a leasing request to GRENKE for my customer?
As a partner/reseller of GRENKE the quickest way to submit a leasing rental request do this is via the GRENKE partner portal. There, you can calculate leasing quotes and send requests online in just a few clicks. Click here to go straight to the partner portal. If you do not yet have login details, you can request them over our contact form, or get the information directly from your local contact person.
When will I get paid for the assets financed through leasing rental?
GRENKE guarantees that your invoice will be paid within 24 hours, provided that we have all the necessary contract documents.
This gives hirers access to business critical equipment through the fastest means possible.
What is the minimum amount for leasing and rental at GRENKE?
At GRENKE, lease rentals options are available for business equipment from as little as €500 upwards. Talk to us today about your lease rental options.
IS VAT CHARGED ON MY CONTRACT?
We are legally obliged to charge VAT on our contracts at the prevailing rate(s) through the life of the contract.
How do I submit a financing request?
You can do this easily using our contact form. Simply select ‘Product Offer’ as your interest and ‘Leasing’ as your topic.
When will my leasing/rental contract begin?
Once you’ve signed your GRENKE ‘lease’ and ‘delivery confirmation certificate’ these documents will be sent to GRENKE who will process your contract paperwork within 24 hours and your contract will begin. You can access all VAT schedules, invoice and contract documents via the GRENKE Customer Portal.
When are the instalments due?
If you’ve chosen to pay GRENKE on a ‘Quarterly’ repayment profile, ie every 3 months, your lease payments will be collected on the 1st of January, April, July and October.
If you’ve decided on a ‘Monthly’ repayment profile your lease payments will be collected on the 1st of every month. Most of our customers select the ‘Quarterly’ option as it reduces considerably the amount of administration and reconciliation.
Does the asset need to be insured?
Equipment protection is mandatory for all business equipment bought by GRENKE. We are happy to provide this as a service at an additional annual fee. Please contact us for more details.
When do I take ownership of the leasing assets?
With our leasing product, you are paying for the use of the equipment not the ownership. Contact us for the best solution for your business at this time.
Can I terminate my leasing rental contract before the end of the term?
Yes you can. All we ask is that any monies outstanding on your contract at the time you wish to terminate are paid in full.
Is it possible for me to view and manage my leasing contracts myself?
Yes, the GRENKE customer portal allows you to manage all your contracts simply and securely online. Moreover, it gives you access to digital invoices that meet all statutory requirements, e.g. for VAT returns. To customer portal
What is a Master Lease Agreement?
A Master Lease Agreement (MLA) is a pre-approved amount of money that a customer can have access to lease business equipment for their business. It runs for 12 months and allows you, the customer, the freedom and flexibilty to draw down from the facility at any stage as and when needed at the agreed preferential rate. Contact us today to find out more.
What are the benefits of a Master Lease Agreement (MLA)?
An MLA allows you the freedom and flexibility to lease business critical equipment as and when needed.
- 12 months full FLEXIBILITY with preferential terms.
- No commitment fee for the Master Lease Agreement.
- One time credit assessment – Simple & Fast process.
- Independent of manufacturers & suppliers.
- Integrated services & software possible.
- Finance roll-out & implementation.
- Repair & maintenance services can be included
Talk to us today about your lease rental requirements.
Does GRENKE offer a Maintenance Collection Service?
Yes, GRENKE offers a Maintenance Collection Service for certain types of assets (e.g. photocopiers, etc) where the service and maintence of the asset can be build into the overall lease rental contract. Talk to us today about your requirements.
Do GRENKE provide other finance products?
Yes. We offer an Invoice Finance facility via our group subsidiary called GC Factoring Ireland Ltd - GRENKE Franchise. If you wish to see more about this solution visit our Business Areas or speak to our team today.
