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  • Commercial vehicle and asset loans

    PRODUCT
     
    KEY
    FEATURES

    Instalment Sale Agreement
     
    • Own the vehicle while you are paying it off.
    • Reduce your monthly payments by choosing a balloon payment or pay a deposit.
    • Choose paying your loan off between 24 and 72 months.
    • Fixed or variable interest rates - your choice.
    • The car belongs to you after you have paid it off.
    • A Credit Protection Plan is available.
    • Get access to Absa Internet Banking .
    • Instalment finance is not available for cars older than five years.

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    Finance Lease Agreement
     
    • Have full use of the vehicle for the lease period.
    • Affordable, fixed monthly payments that are tax-deductible.
    • Option to buy the asset at an agreed price at the end of the lease.
    • Fixed or variable interest rate.
    • 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 60 months.
    • Allows for early settlement.
    • A Credit Protection Plan is available.

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    Operating Lease Agreement
     
    • Full use of the vehicle for the lease period.
    • Reduce your monthly payments by choosing a balloon payment or pay a deposit.
    • Choose a monthly repayment plan between 24 and 72 months.
    • Fixed or variable interest rates.
    • Option to buy the vehicle at the end of the lease period without any obligations.
    • A Credit Protection Plan is available.
    • Initiation and a monthly service fee charged on all new contracts.

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    Islamic vehicle and asset finance
     
    • Enjoy access to a vehicle for a fixed period and price.
    • Reduce your monthly rental fee when you have extra cash.
    • Variable and fixed rental fees for the duration of the lease.
    • At end of lease you can buy the vehicle at an agreed price, nominate a third party to buy it or use it at a reduced or null rental fee.
    • Insurance cover for your commercial assets and vehicles.
    • Access to Absa Internet Banking.
    • 100% financing and tax benefits.

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    Instalment Sale Agreement
    Finance Lease Agreement
     
     
    KEY
    FEATURES
    • Own the vehicle while you are paying it off.
    • Reduce your monthly payments by choosing a balloon payment or pay a deposit.
    • Choose paying your loan off between 24 and 72 months.
    • Fixed or variable interest rates - your choice.
    • The car belongs to you after you have paid it off.
    • A Credit Protection Plan is available.
    • Get access to Absa Internet Banking .
    • Instalment finance is not available for cars older than five years.

  • Fleet management services

    PRODUCT
     
    BENEFITS
    KEY
    FEATURES

    Full maintenance lease
     
    • Fixed terms facilitate accurate budgeting and cash flow forecasting
    • Input VAT on maintenance expenditure is fully recoverable
    • Stable repair and service costs
    • Not affected by used vehicle market fluctuations
    • No unexpected major repair costs
    • Rental includes:
    • Lease portion
    • Residual value
    • Maintenance
    • License fees
    • Only pay retail price of vehicle less residual value
    • Maintenance portion includes tyres and fair wear-and-tear items
    • Non-fair and tear items will be debited back
    • End of contract:
    • Driver has first option to purchase the vehicle
    • Or vehicle is returned to us to dispose

    Operating rental
     
    • Not affected by used vehicle market fluctuations
    • Minimised repair and service costs
    • We manage any unexpected major repair costs
    • Improved budgeting and cash flow planning

    Rental includes:

    • Lease portion
    • Residual value
    • Maintenance
    • License fees

    Only pay retail price of vehicle less residual value

    Maintenance portion – client’s cost

    Maintenance authorisations and cost debited back

    End of contract:

    • Driver has first option to purchase the vehicle
    • Or vehicle is returned to us to dispose

    Managed maintenance
     
    • Cost-effective and proactive maintenance management
    • We pay maintenance costs for your fleet on your behalf and recover costs month-end
     

    Management reporting
     
    • Ideal only when you need reporting capabilities only
    • We capture information on your fleet vehicles so that you are able access reports
     
    Full maintenance lease
    Operating rental
     
     
    BENEFITS
    • Fixed terms facilitate accurate budgeting and cash flow forecasting
    • Input VAT on maintenance expenditure is fully recoverable
    • Stable repair and service costs
    • Not affected by used vehicle market fluctuations
    • No unexpected major repair costs
    KEY
    FEATURES
    • Rental includes:
    • Lease portion
    • Residual value
    • Maintenance
    • License fees
    • Only pay retail price of vehicle less residual value
    • Maintenance portion includes tyres and fair wear-and-tear items
    • Non-fair and tear items will be debited back
    • End of contract:
    • Driver has first option to purchase the vehicle
    • Or vehicle is returned to us to dispose

Need more help?

Let one of our consultants assist you.

For Absa Vehicle and Asset Finance call us on:

0860 669 669

For Commercial Asset Finance call us on:

0861 00 11 55