Rental Guidlines

 

 

 

The following guidelines must be adhered to during the rental period

1. Credit department approval is required.

2. Rental payment must be provided in advance, or payment charged to a CNH Capital RAD Account.

3. Freight is FOB Case Power and Equipment yard and return freight to nearest branch.

4. Insurance—Lessee must furnish a certificate of insurance naming Case Power and Equipment the Loss Payee and the Additional Insured for the retail value of the rental     equipment. Case Power and Equipment can sell the lessee PDI via CNH Capital.

5. Rental Contract—A rental contract must be completed for every transaction with all pertinent data furnished prior to the release of the rental equipment.

6. U.C.C. Filing—A UCC will be filed with the Secretary of State, which protects Case Power and Equipment’s security interest in the equipment.

7. Hour Limits Daily 8 hours
Weekly 40 hours
Monthly 160 hours

8. Rental Rates—Rental rates are based on a month-to-month basis. Any long term, guaranteed, rental periods will be favored with a reduced rate. However, prior approval must be granted.

9. Interest Rates—Case Power and Equipment will allow 100% of all rentals to apply the agreed upon option price, plus an interest charge will be computed at the rate of PRIME plus 3% APR at the time of conversion.

10. Repairs and Maintenance—All repairs required due to abuse or negligence will be charged to the lessee upon return of the damaged rental equipment. Also, any abnormal clean-up costs will be the responsibility of the lessee. Furthermore, if the rental unit is converted into a sale, all non- warrantable repairs and maintenance, during the rental period, will be added to the conversion price.

11. Rental Machines are fully fueled when leaving, and should be returned with a full tank to avoid additional charges on your rental billings.