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Rental Payment Plans

Rental Payment Plan

This allows for the development of a planned procurement strategy with the certainty of operating cash flows. The SNA Regular Payment Plan allows you to make even quarterly payments in advance with the added flexibility of using the SNA Exchange Plan. A typical Regular Payment Plan means the quarterly instalments are fixed at one amount for the duration of the rental schedule.

An example of a typical three-year rental plan with even quarterly payments shows that 28% of the original value of the equipment can be exchanged after one year and 61% after two years. For example, after renting Rs.100,000 worth of new equipment from SNA, you can replace Rs.28,000 worth after the 12th month and Rs.61,000 after the 24th month. After each exchange the quarterly repayment remains constant for the same term as the original contract, with a new contract replacing the current one. This percentage may vary slightly depending on the prevailing interest rates.


	Stepped Payment Plans This allows for an earlier technology turnaround time with decreasing instalments. The SNA Stepped Payment Plan allows your company to pay a premium at the start of the Exchange Plan schedule but the quarterly instalments will decrease dramatically each year. A typical three-year SNA Stepped Payment Plan is based on a 45:33:22 ratio. With stepped payments your “available spend” is increased earlier in the term, meaning you can replace more of your equipment even sooner. Step Up: Ideal for growing businesses or divisions: Your initial payment is smaller and instalment amounts are increased as your contract term progresses. Step Down: Ideal for cash injected businesses or divisions: Your initial payment is bigger and instalment amounts are decreased as your contract term progresses. Payment Holidays Ideal for forecasted cash dry periods: You can elect not to pay instalments in certain quarters by extending your contract period or building that instalment into other payments.