Residual Values
Laundry Charges Health Warning
Surprise and excessive Residual Values Can Seriously Damage your Business Plan
As a company which takes pride in its professionalism, our commitment has always been and will continue to be that our customers are the most important factor in our business plan. To this end when you sign a rental contract with Weightwash you will be dealing with a company who will work with you. A residual value charge only applies if the hire of an article ceases earlier than the agreement envisaged.
- Any hirer investing stock in a customer will protect their investment by a system of residual values (be suspicious if they do not – something is missing from the equation!)
- Weightwash’s system of residual values is modest, transparent and open
- Weightwash encourages prospective customers to be aware of the residual value system – we can provide illustrative schedules of residuals before you sign up
- Weightwash will only seek to cover the true cost of providing its clients with stock by applying realistic and decreasing residual value charges
- Weightwash can produce statements of potential residual value at any point in the life of the contract
Finally, remember we are only drawing your attention to worst case scenarios – if all stock on the contract is allowed to run full term, then there will be no residual values to charge!
Note also that some laundry companies offer low rental during the period and recover their costs through a final residual value charge (which they don’t always tell you about) – ASK YOUR LAUNDRY COMPANY ABOUT RESIDUAL VALUE CHARGES
Dealing With Weightwash Can Make Your Business More Cost Effective
