Renting Fixed Equipment (CCTV)

[MrSparks]

Considering "renting" CCTV systems to domestic and light commercial customers on a monthly subscription service (direct debit)

Obviously we'll need to go and install this and provide equipment up front but I think the costs could soon be recouped and with a fair number of sign-ups it would help with cash flow for the regular contracting work and there may be cross sell potential for electrical/data/home automation.

Just wondering if 1) anyone has done this or similar before? 2) are there any financial authority issues here? it's not credit or a loan per ce, it's rental of an installed system for a contracted amount of time. 3) anything else to watch for?

Everyone seems to rent/lease/pay as you go for everything these days, the concept would be a bit like Software as a service, but obviously with a contracted period of 2-3 years (would all be configurable)

Keen to hear thoughts.

[The Moose]

If you get a moment, drop me a PM and ill reply with some useful info

[Dr Interceptor]

Certainly not a new concept, plenty doing it already... http://www.247cctvsecurity.co.uk/cctv-leasing

Would appeal to those on a fixed term lease who want to spread costs over the entire lease term.

[BoRED S2upid]

I rented a system many years a good way of doing it.

[MrSparks]

Moose I've sent you an email thanks

I'm glad there are others doing it as it proves it's viable and it certainly does appear to be a good way to get CCTV without a huge outlay. We would obviously do straight forward installs as well as per what we're currently doing.

We only really do network IP cameras, and I can do this at a very good price for most systems and offer a better quality system so I'd be playing on the quality a lot as a selling point.