Funding

Asset and Vehicle Finance
 

Rental Agreement


Do you want to use a vehicle or other asset without the hassles and long-term commitments of ownership? With a rental agreement from Absa Vehicle and Asset Finance, your benefit from full and uninterrupted use of the vehicle or other asset of your choice and simply pay a fixed monthly fee to use it. In addition, you do not pay VAT on the full amount of the vehicle or other asset, but rather on the value of each month’s rental payment.

A rental agreement also enables you to negotiate the monthly repayments based on the current value of the vehicle or other asset, which can help to reduce the amount you pay for its use over the agreed period, and you can also avoid the costs associated with insuring it.


A Rental Agreement could be right for your business if you:

  • Want the full use of the vehicle or other asset without the hassles of ownership or being bound to a long-term commitment
  • Need to use an expensive vehicle or asset, but don’t want to buy it
  • Would like to pay only for the use of the vehicle or other asset
  • Would prefer to use the money that would be set aside for a instalment agreement and invest it in other areas of your business
What you get?
  • A vehicle or other asset that you pay an affordable, fixed monthly amount to use
  • The convenience of using the vehicle or other asset of your choice without the hassles of ownership
  • VAT calculated on the fixed monthly repayment rather than the purchase value of the vehicle or other asset


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