10th December 2009
AV Hire Considerations for Long Term Rentals
If you will be doing an AV hire for a long period of time, there are many things to take into consideration.
If you will be doing an AV hire for a long period of time,
there are many things to take into consideration. Unfortunately, many
businesses do not find out all of the important details when arranging for a
long term lease or rental, and in the end, this ends up costing them more
money. You can avoid this by asking the following questions before you sign
that lease agreement, and realize that many companies will design a lease
agreement based on what it is that you want or need when it comes to long term
leases because they want and need your business.
is the total cost, including fees, for the rental term? You need to know
what the monthly or yearly costs are, but you also need to know what the
total cost for the lease period is as well. You also need to find out
about taxes that are charged, as well as additional fees. Is insurance
included? Is insurance even available to you?
servicing included in the cost of the AV hire? Often, equipment must be
serviced. It may also need regular maintenance. Is it your responsibility
to do this maintenance? Will you be charged for servicing if the equipment
breaks down? You need to know the details concerning servicing and
maintenance of the equipment before you sign that lease agreement, as
servicing and maintenance can be expensive.
about installation? Will the equipment be delivered and installed for you?
Will it be installed to your specifications? Not all services include
installation, although it may be available at an additional cost. Some
equipment doesn’t really need installation at all, but you need to know
this before you sign the agreement.
this a rent-to-own AV hire? Often, you may be purchasing the equipment
that you’ve leased without realizing it. If owning the equipment is not
what you are interested in, make sure that you avoid rent-to-own
situations. Remember that equipment eventually breaks down or becomes
outdated, and if you own it, it will be up to you to replace it. This
brings us to our final point.
are the terms concerning replacements and upgrades of the equipment? If
you are leasing equipment that will eventually wear out or become
outdated, what are the terms of the lease regarding the replacement or
upgrade of the equipment? Will you have to start all over with deposits
and such, or will the upgrade or replacement happen without having to
start completely over with a new lease. How often will the lease be
renewed, and who determines when the equipment needs to be replaced or
upgraded? These are very important considerations that will determine
whether your business is using the best equipment or not.
Long term leases are often ideal for many businesses, even
for AV hire equipment. However, again, if you don’t ask the right questions in
the beginning, you may be in for many unpleasant surprises down the road –
surprises that really do end up costing you more money. Make sure that you are
getting the best deal, and that Audio Visual Hire is really better than purchasing for
your company and your specific needs.