Gorilla Equipment’s Rent to Buy |
Gorilla’s Rent to Buy
Gorilla is a leading Australian heavy equipment Rent to Buy provider with a focus on the Civil, Mining, Quarrying, Transportation (Bulk & Heavy Haulage) and Agricultural sectors.
Gorilla’s Rent to Buy product offers competitive rates and is a great alternative to traditional equipment finance and dry hiring.
Gorilla gives you access to the machines you need in your business today, with a clear path to future ownership.
We’re here to help our customers build a bigger fleet of owned, revenue generating assets.
Founded in 2020, Gorilla is proudly Australian, home-grown and independent.
Our leadership team is comprised of industry experts, legal and finance professionals with over 90+ years of combined relevant experience.
Our purpose is simple. We’re here to put more machines into the hands of Australian businesses by being their bridge to asset ownership.
Gorilla’s success is etched in our many customer stories of owners we’ve helped transition from renting to ownership with Gorilla by their side.
“We didn’t invent Rent to Buy… we just made it a whole lot better!”
Gorilla’s Rent to Buy | The Benefits
Tax Benefits
Competitive rates vs Dry Hire and our monthly rent is 100% tax deductible as an operating expense.
Flexibility
At the end of term, you have options. You can buy the machine; roll the contract (at a reduced rent); or hand the machine back to Gorilla.
Preserves Cash & Debt Capacity
Gorilla buys the machine (new, used, dealer or private sale) then rents it to you for a fixed monthly rental helping you manage your precious working capital and borrowing capacity.
Gorilla’s Rent to Buy | Typical Clients
Gorilla’s Rent to Buy | Our Approach
Gorilla is 100% Australian owned and operated. Gorilla wants you to get the machines you need to grow your business TODAY with 4 simple steps.
Apply
We only need a few details about your business, the machine and its application.
Same Day Approvals
Once we have all the information, you will typically receive an answer that same day.
Take Delivery
After settlement take delivery of the machine and get it on site.
Happy Days
Put the machine to work making money to grow your business.
Gorilla’s Rent to Buy | Our Values
We are a critical enabler of our customers’ business growth and we believe that a growing business is best placed to support its employees, its customers and the communities in which they operate.
Empowerment
Gorilla’s Rent to Buy solution enables our clients to take on more work whilst retaining precious working capital in their business.
Asset Led, Customer Driven
Gorilla Equipment gets under the skin of your business. We understand how a machine can help meet your unique needs, goals and challenges and will do everything we can to give you access to the machine.
Innovative
Our team of industry experts understands that the demands of business often require solutions that are flexible and tailored to the client’s specific needs at the time. We use our asset and industry knowledge to shape a deal that makes sense for everyone.
Transparent
We value open and transparent relationships and go to great lengths to ensure our customers have a clear understanding of the transaction.
Gorilla’s Rent to Buy | Frequently Asked Questions
What is Gorilla’s ‘Rent–to–Buy’?
Rent–to–Buy is a 12 to 24 month rental agreement over new or used heavy equipment. Rents are paid monthly in advance and you access the machines you need today, with a clear path to owning them tomorrow.
Benefits:
- Affordable: typically prices inside comparable to Dry Hire.
- Tax Deductible: rents are 100% tax deductible.
- Flexible: at the end of the rental, you may – buy the machine; roll the contract for another 12 months at a reduced rent or simply return the machine to Gorilla if it’s no longer needed and go again with a new machine
- Preserves Debt Capacity: Rent-to-Buy is off balance sheet so you get to keep your powder dry for other borrowing requirements
Start using Gorilla’s Rent-to-Buy to build your own fleet of machines today.
What’s a typical deal size?
Gorilla’s Rent to Buy is ideal for heavy equipment used in the Civil, Mining, Quarrying, Transport (heavy/bulk haul) and Agri sectors and suits new and older machines valued from $150k.
What is the interest rate?
Gorilla’s Rent to Buy is a rental arrangement so there is no interest rate. Rentals are priced competitively vs. comparable dry hiring arrangements and are 100% tax deductible.
What do I have to pay?
Fixed monthly rentals (paid in advance) for the term of the contract and you can buy the machine at the end of term.
How flexible is Gorilla’s Rent-to-Buy?
It’s a very flexible arrangement – works well for new or old equipment (up to 10 years old at the start of the contract) with machines sourced from dealerships, auction houses or private sales.
At the end of term you can choose to:
- buy the machine at the pre-agreed buy price
- return the machine
- roll the contract for another 12 months at a lower reduced rent
What happens if I forget to tell Gorilla what I’d like to do at the end of term?
We will remind you of your options 90 days before the end of the contract and attempt to contact you to see what you’d like to do. Don’t stress if you’re not sure, and we don’t hear from you, you can continue to rent the machine on a month-to-month basis for as long as you need to.
Can I buy the machine part way through the contract?
Yes, we can provide a purchase price part way through the Rent-to-Buy contract.
How do I pay my monthly rent?
At the start of the contract we sign up a Direct Debit Authority on your nominated account which allows us to direct debit rents from your bank account.
What happens if I miss a rent?
If a payment is missed we will make you aware that the direct debit failed and ask that you make sure sufficient funds are in the account as we will attempt to run the direct debit again or seek a manual payment with proof of remittance. Late payments incur default fees.
Who owns the machine?
The machine is yours to use and maintain, but you will be renting it from Gorilla who will be the owner. You can buy the machine from Gorilla at the end of term for the agreed buy price.
Do I still have to pay rent if the machine isn’t working?
Yes, you are responsible for choosing a machine that works for your purposes and the machine is your responsibility to run and maintain.
