iWeek: Rentals

Philip Vermeulen, COO at Itec Finance, echoes this view. "Technology equipment rental is an ideal way for companies to ensure they have access to the best equipment available, and enables them to optimise their technology budgets without sinking capital into a rapidly depreciating asset," he says.

Financial stability - Vermeulen says "There have been many examples where smaller rental service providers have been forced to sell their rental agreements to a third party due to financial difficulties. This may compromise a client from both an operational and financial perspective."