Interim Rent and Interim Interest

          Please see attached document for additional information on Interim Rent and Interim Interest

Interim Rent and Interim Interest

Interim Definition

  

Base Interim:  A charge for daily use of equipment between either the contract acceptance date or the equipment install date and the actual contract commencement date.  ASPIRE offers two interim calculations:

 

Interim Rent is rent is calculated using a prorated daily rent amount to calculate the amount of interim.  This amount can be based on the contract payment amount or on each piece of equipment's payment amount.

 

Interim Interest is calculated using an interest rate to calculate the charged amount.  This amount can be based on the equipment cost or the vendor invoices paid (aka fundings).

 

 

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