Finance Options

THE SOLUTION TO FUNDING IN THE AGRICULTURAL SPACE

Requirements for Finance

Latest audited Financial Statements

Copy of ID

Proof of Residence

Company Registration documents / Trust Act

VAT Clearance Certificate

3 Months Bank statements

Click on either of the logos below to download an application form

What is an Operating Lease with ownership?

An operating lease is a term contract for the use of equipment during a fixed term, with ownership option and the end of term. Product therefore does not reflect in client`s asset register.

Why Operating Lease rather than Hire Purchase?

An operating lease does not affect your balance sheet`s debt ratio, which means it has no impact on your other  facilities such as over draft, production loans or bonds, it is Off Balance Sheet Funding.

What is interest rate?

Premium is calculated according a fixed rental premium, no interest rate is quoted, but due to VAT deductions and SARS deductions the nett cost on balance sheet over term is better than Prime rate.

What is value of product at end of term?

Value of product is determined by dealership that does trade-in, full value of product belongs to the client, this is the reason ownership option is given on contract.

What is benefit of 0% Deposit?

Creates cash-flow, opportunity cost of capital is important for any business.

How does VAT payment work?

VAT is payable monthly on invoice, creating a better VAT claim over term

Premium Terms.

Premiums are payable monthly or quarterly, normally in advance or arrears depending on client.

TAX Benefits

Premiums are 100% TAX DEDUCTIBLE as an Operating Expense over term, creating a better tax calculation that normal depreciation and interest claims.

Can I settle anytime?

Yes, settlement can be requested and will be calculated according to outstanding term.

Who Pays Insurance and Maintenance?

The client pays as per normal conditions for hire purchase

Contact us for more information