• 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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  • 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
     

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