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This is a product of GRENKE LEASING Ltd.

Senior businessman reviewing lease contract documents, exploring options for lease termination, equipment return, and expert advice from grenke customer care.

End of Agreement

You are coming to the end of your leasing journey - or are you? Your current Hire Agreement is drawing to the end date - what's next? You have options - let us explain them all.

Time to make a decision for your next step

If your agreement is coming to a close, you have a few options at your disposal. Our termination policy is outlined in our Terms & Conditions, which are accessible on your Customer Portal.

Keep, upgrade or return

You have three options to choose from, find out what you need to do next.

Close-up of hands using photocopier, illustrating equipment lease options with secondary rentals, equipment retention, and upgrade possibilities from grenke

Keep your equipment

Fallen in love? Don't wish to change a thing? That's fine. If you don't wish to terminate your contract, your equipment can remain where it is. You will continue to pay the same amount at the same frequency. These are called "Secondary Rentals". At any point, you can change your mind, just let us know and we can either upgrade or you can return your equipment after your next payment is due.

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Man using computer in busy office, highlighting equipment upgrade options, new hire agreements, and seamless contract transitions facilitated by grenke.

Upgrade your equipment

Time for an upgrade? Speak to your supplier today and get the next issue of your equipment. We can roll one agreement into the next. Your supplier will arrange your new equipment and issue you your new Hire Agreement.

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Wide shot of photocopier, emphasizing end-of-lease procedures with 90-day notice requirement, equipment return process, and terms outlined by grenke

End your agreement, return the equipment

You will need to inform Grenke a minimum of 90 days before the agreement end date if you wish to end your lease with us. Once we have notice and the notice period has been completed, you will need to return the equipment to us, or any third party as directed by us. More information on the return of equipment can be found in your Terms & Conditions.

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Don't I own the equipment?

A common misunderstanding, with a lease this is not the case.

Three young professionals in focused discussion using computers, explaining grenke's hire agreement terms, equipment ownership, and hire purchase alternatives

Owners vs. hirers (Lessees)

Grenke are the owners of the equipment. You are hiring or leasing your equipment from us. Leasing the equipment means you are making payments for the usage of the equipment. You are not making payments towards the eventual ownership, this is known as a "Hire Purchase Agreement" - Grenke does not offer this type of agreement. Once the agreement is completed, there may be the possibility of purchasing the equipment from your supplier, but you would need to discuss this with them separately.

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Still not sure?

Speak to a member of our team today and we will answer any questions you may still need answering.

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