Q.   What about options other than buying outright? Are Rentals or HP a good way to go?

A.   Ask about Rental and HP options. These may also be called Operating Leases or Lease-to-Buy and can be a good option to save on the capital outlay required for outright purchase.

Reputable machine suppliers will offer these alternatives and finance can be arranged quickly but beware of the front end (administration costs) and interest charges levied. Check on the Finance Rate being charged.

There are differing tax advantages with each option and if you are GST registered this may even offer more tax advantages, but firstly check with your financial advisor or accountant.