Leasing terms

Applies to leasing complete simulator packages from RaceLoop. The full agreement comes with the quote. If anything in this summary differs from the agreement, the agreement applies.

Businesses

Term: 12, 24 or 36 months from delivery. The agreement is binding for the whole term.
Price: Monthly prices are excl. VAT. Installation and calibration are included. Delivery is priced by area. When the agreement ends, we collect the simulator at no cost.
Invoicing: Monthly, yearly or once for the whole term, in advance. 14-day payment terms. Prepayment discount: 8% with one invoice per year, 12% for the whole term at once. Late payment incurs statutory interest and a statutory reminder fee.
Early buyout: The agreement can be ended early. The buyout is a fixed fee of SEK 5,000 excl. VAT plus 30% of the remaining monthly fees. Collection of the simulator is added, at the same price as the delivery. If you prepaid, the time used is recalculated at the regular monthly price and the rest of the prepayment is credited against the buyout. No fee if you upgrade to a new simulator on at least the same term.
Termination by us: If you do not pay after a reminder, the company goes bankrupt or the simulator is seriously mistreated, we may terminate the agreement and collect the simulator. You then pay the fees that have fallen due and the buyout fee, as for an early buyout.
Credit check: We run a credit check on the company before the agreement is signed.
Service and faults: Faults arising from normal use are fixed at no cost throughout the term, with remote support and replacement parts. Normal wear and tear is on us.
Damage: Damage beyond normal wear is repaired and charged at a reasonable cost for the repair or a new part, at most the part's current value. You always see the cost before anything is charged. Report damage within seven days of discovering it.
Theft and total loss: If the simulator is stolen or cannot be repaired, you pay its current value: the new price on our price list less 2% per started month since delivery, but at least 30% of the new price. The simulator should therefore be covered by your company property insurance.
Liability and insurance: The simulator is owned by RaceLoop. From delivery you are responsible for it and it must be covered by your company's property insurance. It may not be sold or pledged.
Use and lending: You may move the simulator and lend or rent it out, as long as it is covered by your insurance wherever it is. You remain responsible for it when someone else uses it.
When the term ends: One to two months before the agreement ends, we get in touch to go through what you want to do: extend, renew with a new simulator, buy it out, or end the agreement and have us collect it. If we hear nothing back, the agreement continues quarter by quarter at the same price, with three months' notice.

What counts as normal wear?

A simulator that gets used is allowed to look used. This is on us, and this is charged.

Normal wear, included

Shiny or worn wheel grips in leather, alcantara or rubber
Worn pedal faces and rubber stops
Light scratches and marks on the cockpit, stand and plastic parts
Wear and creases in the seat upholstery
Buttons and shift paddles that have softened with use
Dust, fingerprints and dirt that wipes off

Beyond normal wear, charged

Cracks, breaks and bent parts, such as a snapped paddle or a bent stand
Tears, burns and stains in the seat that will not come out
Cracked or pressure-damaged screens
Liquid damage to the PC, wheel or pedals
Damage from moving or transport
Own modifications: drilled holes, paint, stickers that leave marks, changed PC hardware
Missing parts such as cables, adapters, quick release or power leads
Pet damage and smoke that needs cleaning

Damage that happens when we deliver, move or collect the simulator is on us. We document the simulator's condition with photos at delivery and go through it with you when we collect it. If the condition differs by more than normal wear, you see the photos and the cost before anything is charged.