Commercial

Rental agreement

Have full, continuous use of your financed asset without ever owning it. Pay for it over an agreed period and at the end of the agreement, simply hand it back to us and walk away – perfect if you want to use an expensive asset but don’t want to buy it.

How it works
  • You pay only for the use of the asset and don’t hassle with ownership
  • This is a cash flow-driven rather than a tax-driven arrangement
  • The asset is off-balance sheet
  • We charge an initiation fee and monthly service fee on all new contracts signed after the introduction of the National Credit Act 34 of 2005
  • We may ask you to pay an upfront deposit following a risk assessment

What you get
  • Full, uninterrupted use of the financed asset for a fixed monthly payment
  • The option to make lower monthly repayments with a balloon payment at the end of the contractual agreement
  • Choose a repayment period of between 12 and 73 months
  • VAT is not capitalised in advance, but rather paid on every instalment resulting in lower finance charges over the duration of the agreement
  • If you’re registered for Absa Online, you can link your vehicle finance account to your profile and view your financing details and transaction history
  • You have the option to choose an affordable credit protection plan to settle the outstanding balance in the case of death, disability or retrenchment
  • If you are a registered customer for Absa Online, you can link your vehicle finance account to your profile and view your financing details and transaction history
Contact Support Centre
  • Call us on
    0860 040 302
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