Our Operating Lease Agreement allows your business uninterrupted use of the asset rather than ownership. This type of agreement is beneficial where you require off-balance sheet financing. The ownership of the asset lies with us and you don’t have the option to acquire ownership at the end of the term. This agreement is not amortised as there is normally a residual value at the end of the contract period.

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Tax benefits

Value Added Tax is not capitalised in advance, but rather paid on every instalment resulting in lower finance charges over the duration of the agreement.

Full use of your asset

Get full, uninterrupted use of the financed asset for a fixed monthly payment.

Flexible repayment options

You can choose a repayment period of between 12 and 60 months - whichever suits your needs.

Affordable credit protection plan

You have the option to choose an affordable credit protection plan to settle the outstanding balance in the case of death, disability or retrenchment.

How to get it & what you can expect

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
  • You must take out comprehensive car insurance on the contractual agreement asset for the duration of the agreement
What you get
  • Full, uninterrupted use of the financed asset for a fixed monthly payment
  • The option to make lower monthly repayments with a residual payment at the end of the contractual agreement
  • Choose a repayment period of between 12 and 60 months
  • VAT is not capitalised in advance, but rather paid on every instalment resulting in lower finance charges over the duration of the agreement
  • You have the option to choose an affordable credit protection plan to settle the outstanding balance in the case of death, disability or retrenchment

Need more help?

Let one of our consultants assist you.

For Absa Vehicle & Asset Finance call us on:

0860 669 669

For Commercial Asset Finance call us on:

0861 00 11 55