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If you’re ready to take your business to the next level, Yellowgate is here to help you secure essential machinery on an affordable rent-to-own package that suits your budget while providing the opportunity to own the asset down the line. Our Rent Now, Buy Later solution is suitable for all types of business models across a range of industries, including civil works, mining, construction, transportation, and agriculture.
With an easy application process, fast approvals, and Australia-wide coverage, Yellowgate is the go-to machinery and equipment partner that you’ve been looking for. Join the rental revolution and grow your business on your terms by giving us a call, completing our online form, or submitting an application today.
Want to know more? Check out our FAQs
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How quickly can I arrange finance?
Generally, your application is fully approved within 24 hours of the equipment invoice or winning auction notification being provided and final equipment valuation is approved by Yellowgate.
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When does the rental agreement start?
The rental agreement commences on the day Yellowgate pays the vendor for the equipment and settles your contract. Your first payment will be deducted 1 week or 1 month after settlement, depending on your choice or payment frequency.
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Can you rent for less than 12 months?
Our rental agreement term is 12 months, but you have the option to purchase the equipment at any time and will receive 55% of the rent you have paid off the original purchase price of the equipment.
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How does the payment system work?
Split Payments Pty Ltd is used to collect payments for your upfront costs – security bond, first month’s rent in advance and documentation fee. Split Payments Pty Ltd then collect all your rental payments by direct debit for the life of your rental agreement.
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What happens with the maintenance?
You are responsible for all maintenance and repair costs.
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How long will my rental contract be off-balance sheet?
The terms of our rental contract allow customers to keep their fleet off-balance sheet for as long as they are renting equipment from Yellowgate
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What is the security bond?
The security bond is an amount held as security against the equipment funded. Generally, this is equal to 5% of the equipment value. The security bond will be held until such time as you cancel your contract with us.
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When do I get my security bond back?
When you exercise your purchase option, upon receipt of the funds by Split Payments Pty Ltd to Yellowgate, the security bond will be refunded usually within seven days. If you choose to return the equipment at the end of the contract, the security bond will be refunded less any cleaning, transport to local depot, repair costs or replacement of non-returned accessories.
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What will my payout figure be when I choose to exercise the purchase option?
Call Yellowgate on 1300 225 594 and we will provide you with your payout figure. You'll receive a rental rebate for the payments you have made, which are subtracted from the original value of the equipment.
Once we have received payment, you will receive a letter advising that the ownership of the asset has been transferred to you.
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What if I want more equipment down the line?
Contact us on 1300 225 594 at your convenience and we will be able assist you. Additional information may be required.
Please Note: All applications are subject to approval (standard credit criteria apply).
*Yellowgate accepts payments via Split Payments Pty Ltd.
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