Gogetta.com.au Review

Based on looking at the website, GoGetta.com.au appears to be in the process of winding down its operations, ceasing to accept new applications for equipment and asset rentals. While existing contracts remain valid and supported by a core team, the focus is clearly on managing current obligations rather than offering new services.

Here’s a summary of the GoGetta.com.au review:

Overall Status: Winding down operations, no new applications.
Service Type: Previously offered equipment and asset rental agreements.
Current Focus: Managing existing customer contracts.
Key Concern: The lack of new services and the ongoing wind-down status make it unsuitable for new clients seeking equipment finance solutions.
Ethical Consideration (Riba): The website states their solutions are “rental products” with “no interest rate,” implying they are not traditional interest-based loans. However, the nature of equipment rental agreements can sometimes obscure elements akin to interest if not structured carefully. For those adhering to Islamic finance principles, it’s crucial to examine the precise terms of any rental or “Rent.Grow.Own” agreement to ensure it aligns with Sharia principles, particularly regarding ownership, risk transfer, and avoidance of indirect interest (riba). Given the wind-down status, this point is now largely moot for new customers.

Given GoGetta’s operational wind-down, it is not recommended for anyone seeking new equipment financing. For those looking for ethical, Sharia-compliant alternatives for business equipment and asset acquisition, here are some robust options:

Ijarah (Islamic Leasing): This is a Sharia-compliant lease agreement where the lessor (bank/financier) owns the asset and leases it to the client for a specified period. Ownership typically transfers to the client at the end of the lease term.

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Key Features: Asset-backed, fixed rental payments, often includes an option to purchase.
Average Price: Varies based on asset value and lease term.
Pros: Sharia-compliant, tax-deductible rental payments (similar to conventional leases), clear ownership transfer.
Cons: Can be more complex to set up than conventional finance, fewer providers compared to conventional options.

Murabahah (Cost-Plus Financing): A sales contract where the financier buys an asset and then sells it to the client at an agreed-upon higher price, which includes a pre-determined profit margin.
- Key Features: Transparent profit margin, asset-backed, fixed instalments.
- Average Price: Price determined by asset cost plus financier’s profit margin.
- Pros: Sharia-compliant, straightforward, suitable for asset purchases.
- Cons: Requires the financier to actually own the asset before selling it, can be rigid if changes are needed.
Musharakah (Partnership Financing): A partnership arrangement where both the financier and the client contribute capital to purchase an asset or fund a project, sharing profits and losses proportionally.
- Key Features: Risk-sharing, flexible structure, suitable for joint ventures or asset acquisition where shared ownership is desired.
- Average Price: Capital contribution varies based on agreement.
- Pros: Highly Sharia-compliant, promotes equitable sharing of risk and reward.
- Cons: More complex structure, requires clear agreements on profit/loss sharing, not as common for simple asset finance.
Istisna (Manufacturing/Construction Financing): A contract where a client requests a manufacturer to produce specific goods or construct an asset according to agreed-upon specifications, with deferred payment terms.
- Key Features: Tailored for custom-made equipment or construction, payments can be staggered.
- Average Price: Based on the cost of manufacturing/construction.
- Pros: Sharia-compliant for bespoke assets, flexible payment schedules.
- Cons: Applicable only to assets that need to be manufactured or constructed, requires clear specifications.
Tawarruq (Commodity Murabahah): While debated, it’s used by some Islamic banks for cash financing. It involves buying a commodity on deferred payment and immediately selling it to a third party for cash.
- Key Features: Provides liquidity, commodity-backed transactions.
- Average Price: Cost of commodity plus profit margin.
- Pros: Can provide access to cash where direct interest-free loans are unavailable.
- Cons: Often criticised for resembling conventional interest-based loans, complex structure, requires genuine commodity transactions.
Qard Hasan (Benevolent Loan): A benevolent, interest-free loan often provided by individuals, charitable organisations, or some Islamic microfinance institutions. Repayment is expected without any additional charges.
- Key Features: Interest-free, humanitarian focus.
- Average Price: No cost beyond principal repayment.
- Pros: Purely Sharia-compliant, assists those in need.
- Cons: Limited availability, usually for smaller amounts, not typically offered by commercial entities for large assets.
Saving and Cash Purchase: The most straightforward and undeniably Sharia-compliant method involves saving up the necessary funds to purchase equipment or assets outright with cash.
- Key Features: Full ownership immediately, no ongoing payments or financing costs.
- Average Price: The full cost of the asset.
- Pros: Zero debt, complete freedom with the asset, no ethical concerns.
- Cons: Requires significant upfront capital, may delay acquisition of essential equipment.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

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Table of Contents

GoGetta.com.au Review & First Look: An Operational Wind-Down

Based on a thorough review of GoGetta.com.au’s homepage, it’s immediately apparent that the company is no longer accepting new applications for equipment and asset rentals. The primary message dominating the site is a clear statement about their “wind-down” process, which is nearing completion over the next 12 months. This signals a significant shift from an active finance provider to a company focused solely on managing existing contracts.

GoGetta’s Current Operational Status

The website clearly communicates that GoGetta is “not be accepting any new applications for equipment and asset rentals.” This critical piece of information is prominently displayed, leaving no ambiguity about their future service offerings. For any business or individual seeking new finance solutions for equipment, GoGetta.com.au is definitively not an option.

Managing Existing Contracts

While new applications are closed, GoGetta asserts that a “core team” remains operational to “manage our current customer base, and providing you with customer service until the end of your contract.” This commitment to existing clients is important, ensuring that those with active agreements are not left without support during the transition.

Implications for New Businesses

For startups or expanding businesses in Australia, a site like GoGetta, which is in the process of winding down, offers no value. The immediate implication is that any search for new equipment finance must look elsewhere. This situation underscores the importance of thorough due diligence when selecting a financial partner, ensuring they are not only solvent but also committed to long-term operations.

GoGetta.com.au’s Past Features (and Why They’re No Longer Relevant)

Prior to its wind-down, GoGetta offered “rental products” for equipment and asset acquisition. The website details some aspects of these past offerings, though they are now largely historical for new customers. The model appears to have been focused on a “Rent.Grow.Own” agreement, designed to provide businesses with access to essential equipment without the upfront capital expenditure of a direct purchase or a traditional loan. Propertylawyersperthwide.com.au Review

“Rent.Grow.Own” Model

The “Rent.Grow.Own” agreement was a key feature, allowing customers to rent equipment with the eventual option to own it. This model is often attractive to businesses that prefer operational expenditure over capital expenditure, or those who need flexibility to upgrade or return equipment.

Flexibility: The option to continue renting, pay out the equipment, or sell it to someone else provided some level of flexibility for businesses as their needs changed.
Tax Deductibility: A significant selling point highlighted on the website was that “all weekly payments are 100% tax deductible depending on your income tax circumstances.” This could have been a considerable benefit for businesses in terms of reducing their taxable income.
No Stated Interest Rate: The website explicitly stated, “As GoGetta’s finance solutions are rental products, there is no interest rate.” This wording is critical. In Islamic finance, the concept of “riba” (interest) is strictly prohibited. While a rental agreement in itself isn’t riba, the structuring of a “Rent.Grow.Own” model needs careful scrutiny. If the rental payments effectively serve as a disguised interest charge on a purchase price, or if the “ownership” aspect is not genuinely a separate, subsequent transaction, it could raise concerns from an Islamic perspective. However, without access to the full contract terms, it’s difficult to definitively assess. For now, it’s sufficient to note the claim of “no interest rate” but acknowledge the potential for ambiguity in complex financial products.

Equipment Responsibility and Insurance

The previous terms made it clear that while GoGetta owned the equipment (as a lessor), the customer (lessee) was responsible for its maintenance, insurance, and registration.

Customer Responsibility: “Equipment maintenance, insurance and registration are the responsibility of the contract holder.” This is a common practice in many equipment lease agreements, where the operational burden falls on the user.
Insurance Requirement: Customers were required to “comprehensively insure the equipment or vehicle before taking receipt of it.” This highlights the significant financial responsibility placed on the customer, protecting the asset from damage or loss.

GoGetta.com.au’s Pros & Cons (Focusing on Current Status)

Given GoGetta’s announced wind-down, a traditional pros and cons analysis for new customers is largely irrelevant. Instead, we’ll focus on the implications of its current status.

Cons for Prospective Customers

The primary downside of GoGetta.com.au is its cessation of new services, making it an unsuitable option for anyone looking for equipment financing today.

No New Applications: This is the most significant “con.” Any business hoping to acquire new equipment through GoGetta will be turned away.
Uncertain Future: While a core team remains, the long-term viability of a company in wind-down is inherently uncertain, even for existing clients. While GoGetta states it will honour contracts, the focus is clearly on termination rather than growth.
Limited Information for Future Reference: The website’s current content is heavily skewed towards the wind-down process, offering little in the way of detailed past product information that might be useful for understanding similar models elsewhere.

Potential “Pros” (for Existing Customers Only)

For existing customers, the “pros” are limited to the company’s commitment to fulfil existing obligations. Childcarecoursesinadelaide.com.au Review

Contract Fulfilment: GoGetta states that existing contracts are valid and will be honoured, with a team dedicated to customer service until contract end. This offers some reassurance to current clients.
Flexible Exit Options for Current Customers: The options to “Continue renting,” “Pay out the equipment,” or “Sell the equipment to someone else” provide existing customers with clear pathways to manage their existing agreements as the company winds down.

GoGetta.com.au Alternatives: Ethical Equipment Financing

Since GoGetta.com.au is no longer accepting new applications, it’s crucial to explore viable and ethical alternatives for equipment and asset financing in Australia. When considering options from an Islamic finance perspective, the key is to avoid interest-based loans (riba) and ensure transparency and asset-backed transactions.

Islamic Finance Providers in Australia

While specific large-scale Islamic banks are less common in Australia for equipment finance, several ethical financial services might offer Sharia-compliant solutions or partnerships. It’s essential to directly engage with these providers to understand their product offerings and ensure they meet specific Islamic finance requirements.

Amanah Islamic Finance: While primarily focused on property finance, some Islamic finance institutions might offer asset finance solutions. It’s always worth checking their full range of products or inquiring about bespoke arrangements.
Hejaz Financial Services: Another Australian provider often associated with Islamic home finance. They might expand into or facilitate commercial asset finance. Direct inquiry is recommended.

Conventional Providers with Ethical Structuring Capabilities

Some conventional financial institutions might be willing to structure agreements that align with Sharia principles, particularly for larger transactions, if approached with specific requirements. This would involve a bespoke agreement rather than standard product offerings.

Leasing Companies: Some independent leasing companies might offer operating leases (Ijarah) where the ownership remains with the lessor and the asset is rented. This is generally more acceptable than finance leases if structured correctly, as it avoids debt creation and true sale. Look for companies offering genuine operating leases where the risk and reward of ownership remain with the lessor.
Asset Finance Brokers: Working with a reputable asset finance broker who understands your ethical requirements can be beneficial. They might be able to source options from various lenders that align with Sharia principles or can be adapted.

Self-Financing and Collaborative Approaches

For businesses committed to strictly Sharia-compliant methods, self-financing remains the purest option.

Cash Purchase: Accumulating capital to purchase equipment outright is the most straightforward and riba-free method. This requires disciplined saving but removes all financial obligations.
Community or Partnership Funding: For larger assets, consider forming a Musharakah (partnership) with other ethical investors where capital is pooled to purchase the asset, and then shared ownership, profits, and responsibilities are managed according to Sharia principles.

Key Considerations for Ethical Alternatives

When evaluating any alternative, particularly for equipment finance, ask these critical questions to ensure Sharia compliance:

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Who truly owns the asset during the finance period? In Ijarah, the financier owns it. In Murabahah, the financier buys it and then sells it to you.
Is there any interest (riba) charged, explicitly or implicitly? Examine all fees and charges to ensure they are service fees and not interest.
Is there transparency in pricing? All costs and profit margins should be clear from the outset.
How are risks and responsibilities shared? In Sharia-compliant finance, risks should be shared fairly, and the owner of the asset typically bears the primary risk.

How to Cancel GoGetta.com.au Contract (for Existing Customers)

For existing GoGetta customers, the website provides clear instructions and options for managing or exiting their current contracts. Since new applications are no longer being accepted, the focus is entirely on facilitating the conclusion of existing agreements.

Understanding Your Options

GoGetta outlines three key options for existing customers with equipment on a “Rent.Grow.Own” agreement:

Continue renting as you are now: This means no changes to the current payment structure or terms. This is for customers who wish to see out their original agreement.
Pay out the equipment: GoGetta can provide a quote for the full payout amount. Upon receipt of these funds, they will “release the PPSR on the asset/s so you own it outright.” The PPSR (Personal Property Securities Register) is a national online register of security interests in personal property, meaning its release confirms your clear ownership.
Sell the equipment to someone else: You can find a buyer for the asset. GoGetta will provide the payout quote, and your buyer can pay GoGetta directly. Again, upon receiving the funds, they will release the PPSR, transferring ownership to your buyer.

Contacting GoGetta for Contract Management

The primary method for contact regarding existing contracts is via email. The website explicitly states, “Please email us any questions or queries ([email protected]).” For more complex scenarios, such as reassigning a contract if you sell your business, the website advises, “Give us a call to ask how.” This suggests that while email is preferred for general queries, direct phone contact might be available for specific, more involved situations.

Step 1: Determine Your Preferred Option: Decide whether you want to continue renting, pay out, or sell the equipment.
Step 2: Request a Payout Quote (if applicable): If you choose to pay out or sell, contact GoGetta to obtain an accurate payout quote. This quote will specify the amount required to settle your agreement and gain outright ownership or facilitate sale to a third party.
Step 3: Arrange Payment/Sale: Follow GoGetta’s instructions for payment or facilitate the direct payment from your buyer. Ensure all necessary paperwork is completed to release the PPSR and transfer ownership.

GoGetta.com.au Pricing (Reflecting Rental Model, Now Obsolete for New Customers)

While GoGetta.com.au is no longer accepting new applications, the website’s past information sheds light on its pricing structure, which was based on a rental model rather than traditional interest rates. Understanding this historical approach is useful for context when comparing with other finance options. Absolute-it.com.au Review

Rental-Based Payments

GoGetta explicitly stated: “As GoGetta’s finance solutions are rental products, there is no interest rate.” Instead of an interest rate, customers would have incurred weekly payments, which constituted the rental fee for the equipment.

Weekly Payments: The structure was based on regular, possibly weekly, rental payments. The actual amount would have depended on the value of the equipment, the length of the rental term, and potentially other factors like the equipment’s condition (new vs. second-hand).
Tax Deductibility: A key highlight was the “100% tax deductible” nature of these weekly payments, contingent on the customer’s income tax circumstances. This feature, common in operating leases, can be a significant financial advantage for businesses as it reduces their taxable income.

No Stated Interest Rate vs. Implicit Cost of Funds

It’s important to differentiate between a stated “interest rate” and the actual cost of funds or profit margin embedded within a rental agreement. While GoGetta stated no interest rate, any financial product provided by a commercial entity will naturally include a cost for providing the service and a profit margin for the provider. In a rental model, this is typically built into the rental payments themselves.

From an Islamic finance perspective, the absence of a stated interest rate is a positive sign, but it doesn’t automatically mean the product is Sharia-compliant. The overall structure, including risk transfer, asset ownership throughout the term, and the true nature of the “Rent.Grow.Own” option, would need careful examination against Islamic finance principles to ensure it’s not a disguised form of riba (interest). However, given the wind-down, this is now a historical point.

Payout Quoting for Existing Customers

For current customers, GoGetta offers “payout quotes.” This figure represents the amount required to purchase the equipment outright before the end of the contract term. This payout figure would likely include the remaining principal value of the asset from GoGetta’s perspective, plus any administrative or early exit fees. It’s a mechanism for existing clients to conclude their agreements and take ownership of the equipment.

GoGetta.com.au vs. Conventional and Ethical Finance Options

Given GoGetta’s wind-down, a direct comparison with active competitors is less about choosing GoGetta and more about understanding why alternative conventional and ethical finance options are now the go-to choices for equipment acquisition. Australianwindowcovering.com.au Review

GoGetta’s Former Model vs. Conventional Finance

GoGetta’s “Rent.Grow.Own” model was a form of equipment finance, often compared to conventional operating leases or hire purchase agreements.

Operating Lease (GoGetta’s likely model): Characterised by lower monthly payments, off-balance-sheet financing, and the option to return or upgrade the asset at the end of the term. Ownership remains with the lessor. GoGetta’s emphasis on “rental products” and tax deductibility aligns with this.
Hire Purchase/Chattel Mortgage (Conventional): These are forms of equipment finance where the customer aims to own the asset from the outset (though the lender holds security). They typically involve a loan with an interest rate.
Direct Bank Loans (Conventional): Businesses borrow a lump sum to purchase the asset outright, with an interest-bearing repayment schedule.

Key Difference: GoGetta’s explicit “no interest rate” claim set it apart from typical interest-bearing loans and even some hire purchase agreements. However, the commercial reality of any finance product means there’s always a cost of funds and a profit margin embedded, whether it’s called “interest” or “rental fee.”

GoGetta’s Former Model vs. Ethical Islamic Finance

This is where the distinction becomes crucial for a Muslim audience.

Ijarah (Islamic Leasing): This is the closest Sharia-compliant equivalent to an operating lease. In Ijarah, the financier (lessor) genuinely owns the asset and leases it to the client for a fee. Risk and reward of ownership primarily remain with the lessor. The key difference from GoGetta’s model would be the strict adherence to Sharia rules regarding asset ownership, risk transfer, and avoidance of riba.
- Similarities: Both involve rental payments and the use of an asset without immediate full ownership.
- Differences: Ijarah explicitly avoids riba and structured according to specific Islamic jurisprudence on asset ownership and risk. GoGetta’s precise contract terms would need rigorous review for Sharia compliance, particularly how the “Grow.Own” option was executed. If it was a forced sale or involved an implicit interest-like calculation, it would be problematic.
Murabahah (Cost-Plus Sale): This is a Sharia-compliant alternative for purchasing assets. The financier buys the asset and sells it to the client at a pre-agreed profit margin. This is a sale contract, not a rental.
- Difference: Murabahah leads to immediate ownership (deferred payment), whereas GoGetta’s model involved renting with an option to own later.

Conclusion: For new equipment finance, GoGetta is off the table. For existing customers, understanding the terms is crucial for contract fulfilment. For those seeking new ethical solutions, Islamic finance options like Ijarah or Murabahah, offered by dedicated Islamic financial institutions or structured by conventional players, are the appropriate avenues.

FAQ

What is GoGetta.com.au’s current operational status?

GoGetta.com.au is currently in the process of winding down its operations and is no longer accepting any new applications for equipment and asset rentals. They anticipate the transition process to be completed over the next 12 months. Smartrecordsgroup.com.au Review

Can I apply for new equipment financing through GoGetta.com.au?

No, GoGetta.com.au is explicitly “not accepting any new applications for equipment and asset rentals.” Their services are now focused solely on managing existing customer contracts.

What does the wind-down mean for my existing GoGetta contract?

Your existing contract with GoGetta is still valid and you are bound by its terms. GoGetta continues to be open and operational with a core team to manage current customer accounts and provide customer service until your contract’s end.

What options do I have for my equipment if I’m an existing GoGetta customer?

You have three main options:

Continue renting: Maintain your current rental agreement without changes.
Pay out the equipment: Request a quote from GoGetta, pay the outstanding amount, and gain outright ownership of the asset.
Sell the equipment to someone else: Find a buyer, obtain a payout quote from GoGetta, and have the buyer pay GoGetta directly to transfer ownership.

Will GoGetta release the PPSR on my equipment after payout or sale?

Yes, regardless of whether you purchase, sell, or refinance the equipment, GoGetta will release the PPSR (Personal Property Securities Register) on the asset once the paperwork is completed and they have received the funds.

What is a PPSR release?

A PPSR release confirms that any security interest GoGetta had over your equipment is removed, meaning you (or your buyer) gain unencumbered ownership of the asset. Furnitureremovalistservices.com.au Review

Does GoGetta charge interest on its finance solutions?

According to their website, GoGetta’s solutions are “rental products” and therefore “there is no interest rate.” This aligns with an operating lease model where rental payments are made instead of interest on a loan.

Are GoGetta’s weekly payments tax-deductible?

Yes, GoGetta stated that “all weekly payments are 100% tax deductible depending on your income tax circumstances.” This is a common feature of rental or lease agreements.

Who is responsible for maintaining and insuring the equipment under a GoGetta contract?

As the contract holder, you are responsible for equipment maintenance, insurance, and registration. You must comprehensively insure the equipment before taking receipt of it.

What happens if I sell my business while I have a GoGetta contract?

If you sell your business, GoGetta can reassign your contract to the new business owner. You would need to contact them directly to arrange this.

Why is GoGetta.com.au not recommended for new customers?

GoGetta.com.au is not recommended for new customers because they are no longer accepting new applications for equipment and asset rentals due to their wind-down process. Direction.com.au Review

What are ethical alternatives to GoGetta’s former services for equipment finance?

Ethical alternatives, particularly from an Islamic finance perspective, include Ijarah (Islamic leasing), Murabahah (cost-plus financing), Musharakah (partnership financing), or direct cash purchase.

Where can I find Sharia-compliant equipment finance in Australia?

You may need to explore dedicated Islamic finance providers in Australia or seek out conventional financiers willing to structure bespoke Sharia-compliant agreements. Engaging with asset finance brokers who understand Islamic finance principles can also be beneficial.

Is an operating lease always Sharia-compliant?

An operating lease (like Ijarah in Islamic finance) can be Sharia-compliant if structured correctly, ensuring genuine asset ownership by the lessor, appropriate risk transfer, and the absence of any implicit interest (riba). The specific terms of any agreement need careful review.

What are the main differences between Ijarah and a conventional lease?

The main differences lie in the underlying principles: Ijarah explicitly avoids riba, emphasizes shared risk, and ensures the lessor genuinely owns the asset and bears its associated risks. Conventional leases may contain elements of interest or structure risk differently.

Can I still get a payout quote if I have a Go.Own.Plus contract?

Yes, the website indicates that GoGetta is still operational for existing contracts, including Go.Own.Plus agreements, and can provide payout quotes. Steadcycles.com.au Review

What documents do I need to provide for PPSR release?

While not explicitly stated on the homepage, typically you would need to ensure all required payments are made and any associated paperwork is completed. GoGetta will then process the PPSR release.

How quickly will GoGetta release the PPSR after payment?

GoGetta states they will release the PPSR “once the paperwork has been completed and we receipt the funds.” The exact timeframe for processing would likely depend on their internal procedures, but it happens after payment confirmation.

What if I have a second-hand asset from GoGetta, does it come with a warranty?

Some second-hand assets may have come with a warranty, which would have been passed on to you. However, once any such warranty expired, you became responsible for all repair and maintenance costs.

What is the most financially ethical way to acquire business equipment?

From an ethical and Islamic perspective, the most ideal way is to save and purchase the equipment outright with cash. This avoids any form of debt, interest (riba), or complex financial structures, ensuring complete ownership and peace of mind.

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