Title: The goods remain the property of Team Systems (Vic) Pty Ltd until all monies owing to Team Systems are paid.

Credit: If credit has been established, payment should be received 30 days from the end of the month of the invoice date. The invoice is issued and dated the day the goods are dispatched.

Claims: Any claim must be made within 7 days of receipt of goods, quoting the invoice number, the consignment number, and the reason for the claim.

Prices: Prices are quoted at Team Systems in Dandenong.

Freight: A freight charge, plus GST on that charge will apply to deliveries to other addresses. Alternatively we will send freight forward by a customer-nominated carrier if you provide your charge account number with that carrier.

Disputes: If for any reason an account is disputed, any undisputed payments should be made within the specified time, and full details of the dispute sent to Team Systems (Vic) Pty Ltd.

Returns: Any returns should only be made after approval by Team Systems, and by their nominated carrier, and should quote their goods return approval number on the freight docket. A restocking fee may be charged.

Quotations: Unless agreed otherwise, in writing, quotations apply for 30 days.

Specifications: Our Policy of constant product improvement may result in changes to specification. Where this may lead to difficuly, customers are advised to enquire specifically before ordering.

G.S.T.: A 10% GST is applicable if purchased in Australia.

The pros and cons of buying equipment outright

Buying equipment outright may at first seem like the best option, but it’s always a good idea to think about whether this makes best use of your working capital. It may be more cost-effective to rent or lease certain items.

Disadvantages of buying equipment outright:

• you have to pay the full cost of the assets up front out of cash which can affect your cashflow
• if you use an overdraft or loan to fund the purchase it will add to the cost – overdrafts can be withdrawn at short notice and in some cases early repayment of loans can be demanded
• a small company is unlikely to get the same deals on price as a large company and may not have the same product knowledge and experience – and so could make an unwise choice
• you may end up buying equipment that you will not need in the future
• you can’t easily spread the cost to coincide with money coming into the business
• you are entirely responsible for the maintenance of the asset
• you won’t be able to take advantage of the tax benefits of deducting the cost of rental from your taxable income
• the value of the asset may depreciate over time and be worth less than you paid for it
• you take on all the risk if the equipment breaks down or needs replacing

you don’t have to pay the full cost of the asset up front, so you don’t use up your cash.

• you have access to a higher standard of equipment, the cost of which may be prohibitive if you chose to buy it outright you pay for the asset over the fixed period of time that you use it, which helps you to budget for the future
• As interest rates on monthly rental costs are usually fixed, it is easier for your business to forecast cash flow
• you can spread the cost over a longer period of time and match payment to your income
• the business can usually deduct the full cost of lease rentals form taxable income
• you won’t have to worry about an overdraft or other loan being withdrawn at short notice, forcing early repayment
  
• if you need to upgrade or replace the equipment, you can simply make a small adjustment to your regular payment rather than invest a lump sum upfront
  
  
• i) No Lump Payment
  If you purchase large equipment and fixtures, you can end up with a huge lump sum bill. By leasing you can pay small monthly payments without losing out on quality equipment by leasing, as you do not have to pay the full price upfront.
  
  
• (ii) Short Term Use
  If you need a piece of equipment for a short while, then buying it may be a waste of money. By short-term leasing or renting you can get full use of the equipment for the time you need it, without having to fund the full cost, and without needing to find a buyer afterwards or have the equipment left doing nothing.
  
  
• (iii) Credit
  It is easier for a business to get credit for leasing than for other finance to buy a product. As the leasing company/finance company retains ownership of the equipment, the need for other security is much lower; meaning acceptance rates are higher.

© Team Systems (Vic) Pty Ltd A.B.N 85 072 395 576

No part of this catalogue may be reproduced, stored in a retrieval system or transmitted in any form by means, including electronic, mechanical, photocopying, recording or otherwise, without the prior permission of Team Systems (Vic) Pty. Ltd. All items in this catalogue have been included in good faith on the basis that the goods, as described, will be available for sale. A failure by supplier to deliver in accordance with sample, description or at all or other unintentional causes may result in some items being unavailable. Display accessories shown in photographs throughout this publication are not included in the price. Whilst every care has been taken to ensure accuracy in this catalogue, we reserve the right to change products resulting from printing or typographical error.

Printed for Team Systems (Vic) Pty. Ltd.