Partner with us to get your business moving with flexible, hassle-free vehicle and asset finance option for new or used vehicles. We also assist you to finance, manage and maintain your fleet.
Whether it’s a three-tonner, a 22-wheeler, a forklift, a combine harvester, a grader, a digger, a plane, a boat, a fleet of trucks or even a train, Absa Commercial Asset Finance can offer you a workable asset finance solution to help power your business further. Our business needs are not the same as your competitors, or anyone else’s. That’s why we don’t believe in the one-size-fits-all approach. Instead, we will offer you skilled specialists who are experts in your sector, and will tailor-make a solution to specifically suit your growing business needs.
Flexible repayment terms
You can choose repayment terms of between 12 and 60 months.
We tailor solutions to suit your needs
Our skilled specialists are experts in a variety of sectors and will tailor-make a solution to fit your business.
Protect your loan
We can settle the outstanding balance in the case of death, disability or retrenchment.
What do you need to drive your business?
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A solution to finance my business assets
Instalment Sale Agreement
An Installment Sale Agreement (ISA) is a transaction where we sell an asset to you over a negotiated time frame.
Finance Lease Agreement
We purchase the asset and you lease the asset from us. This allows your business uninterrupted use of the asset, rather than ownership.
Operating Lease Agreement
Our Operating Lease Agreements allow your business uninterrupted use of the asset rather than ownership of it.
Islamic Vehicle and Asset Finance
Let’s assist you with a fully Shari’ah compliant Islamic Vehicle Finance and benefit from unique advantages.
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Specialised finance
Aviation finance
- We have strong partnerships with international and local aviation dealers and manufacturers
- We offer industry-led expertise in aircraft importation, as well as local sourcing
- Through relationships with leading aviation insurance players, aviation attorneys, international escrow agents and the South African Civil Aviation authorities we forge auxiliary support crucial to aviation finance
- We also offer aviation fuel cards underwritten by Absa Card Division
- We also offer Specialised Trade & Cargo Management
Marine finance
- We have supportive funding mechanisms that cater for marine finance.
- Our offers are loan-funded, with repayments suited to your cash flow and business circumstances
- We also offer Islamic finance and credit lines, in addition to value-added risk mitigation products like credit shortfall, loss of use cover, credit protection cover, deposit protector and mechanical breakdown warranties.
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Technology Finance
We can assist you upgrade to the latest technology without any hassles; ensuring the smooth and optimal running of your business. We specialise in office automation, communication, information technology and security products. We also provide funding for the medical equipment, software and telecommunications sectors.
See our Technology Finance products and their benefits:
Rental Finance
- Market related pricing for the acquired solutions
- Off balance sheet funding
- Reduced capital expenditure, thereby improving your cash flow
- Options for upgrades to the latest technology
- Flexible and tailored payment offerings
- Financing of transactions with a minimum value of R5 000
- No deposits required
- Quick-turnaround time and support
Supplier Discounting- Collection agency agreements (where approved). You provide one invoice to your customer and collect rentals on our behalf
- Recourse and non-recourse finance solutions are offered
- Tailored payment offerings
- Favourable settlement agreements for upgrades
- Financing of transactions with a minimum value of R5 000
- Dedicated business development officers
- Credit risk is carried by Absa Technology Finance Solutions
- Profit sharing provided on secondary rentals
- Settlement protection provided
- Fixed and variable interest rates offered
For Sales call us on 010 226 8323
Or email us at sales@atfs.co.za
- Market related pricing for the acquired solutions
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Value added products
With our finance agreements we also offer tried and trusted value added risk mitigation products these include:
- Credit Shortfall
- Loss of Use - downtime cover
- Credit Protection Cover
- Deposit Protector
- Mechanical Breakdown Warranties
- Credit Shortfall
Product & service range
We provide innovative as well as cost-effective fleet management solutions for your business.
Value added products
We enhance your customer experience with additional products and services.
Features and benefits
We offer a variety of sophisticated funding options which come with value adding benefits for your business.
Online Reporting
Our unique internet-based reporting tool My Fleet allows you to access simple, easy-to-read reports on your fleet.
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Our product and service range
Full Maintenance Leases
Our Full Maintenance Lease is a comprehensive “full-suite” service where, for a monthly rental, you enjoy the use of vehicles that we source and purchase for your use. We carry the residual value risk on all vehicles and dispose of them at the end of the contract. We also bear the cost of maintenance.
We constantly monitor your fleet and work with you to keep your rentals in line with vehicle use. At the end of the contract you simply return the vehicle.
Full maintenance lease contracts provide you with many key benefits:- The fixed terms facilitate accurate cash-flow forecasting
- Input VAT on maintenance expenditure is full recoverable
Operating rentals
This is where you enjoy the use of the vehicle for a monthly rental and pay the actual maintenance expenses incurred.
Our technical support and the close management of all maintenance invoices will ensure that all costs are duly authorised and unnecessary expenses are avoided. At the end of the contract you simply return the vehicle and pay for any extra kilometres you have travelled
Operating Rentals enable you to:
- Fully recover input VAT on maintenance costs
- Keep your maintenance costs at minimum
Managed Maintenance
Our skilled technical experts provide cost effective and proactive maintenance management. These costs, paid by Absa Vehicle Management Solutions, will be recovered from you at the end of every month, after invoices have been scrutinised for accuracy and appropriateness and after we have ensured that the work is done according to the manufacturer’s requirements
Management Reporting
This plan is ideal when you need only reporting capabilities, perhaps together with our fuel card service, on a part of your fleet not managed by us through one of our other agreement types. We will capture information on these vehicles onto our system so that you are able to access information on your whole fleet in one set of reports.
- The fixed terms facilitate accurate cash-flow forecasting
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Features and benefits
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Value added products
Fuel Management
We provide a comprehensive fleet card service. This facility, combined with our other services, provides you with one point of contact for all your fleet requirements. It also enables us to better monitor the usage of your fleet and thereby improve our control of all your fleet costs.
Open Road Tolling
This solution will facilitate the ORT transactions and will be incorporated in the monthly expenditure, thus reducing any administration burden on the customer. Absa Fleet Card Services has ensured that the ORT solution incorporates the issuing of tags, managing the transaction flow to settlement and dispute management.
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Contact us
Our solutions are tailor made for you
We’ll consult with you on Fleet Card and management reporting needs as well as set up reporting systems that suit your needs.
You get all the assistance you need
We’ll also take care of all Fleet Card information management requirements as well as facilitate discussions with oil companies.
Get rewarded for spending
Get Business Rewards and discounts from motor fuel companies.
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Features and benefits
Features
- Absa Fleet offers a variety of Fleet Cards to meet your fleet requirements
- Absa Fleet cards are accepted at approximately 16,000 fuel and repair merchants nationwide
- Fleet Cards are accepted at all Toll Plazas in South Africa
- Our Fleet Call Centre operates 24 hours a day, 7 days a week and 365 days a year
- Fuel Alliances are held with Sasol Oil and Caltex SA, to offer Business Rewards and diesel rebates
- Key Account Manager is assigned to your fleet to provide fleet and fuel information management services
- Fleet reports are available on a daily, weekly and monthly basis
- Customized reports are available
- Competitive pricing in line with required Fleet Solutions
- Integration into Fleet and Payroll solutions
Benefits
- We design a package tailor-made for you.
- We ensure we provide you with comprehensive advice and administrative procedures.
- You get Business Rewards on all Sasol Purchases on the Fleet Cards (Terms and Conditions apply)
- Through our Alliance with Caltex SA, diesel rebates will be negotiated and facilitated
- Daily exception reports are sent to ensure that you are aware of all anomalies on your Fleet Card information.
- Facilitates timeous investigation of potentially irregular transactions
- Excessive fuel/oil consumption
- Multiple fill-ups
- Irregular odometer readings
- Weekend fill up
- Facilitates timeous investigation of potentially irregular transactions
- Detailed Toll reports are available including Open Road Tolling transactions
- Absa will provide all vehicles with e-tags for Open Road Tolling if you take this option
- Competitive pricing - you can qualify for extremely competitive fees and solutions depending on the size of your company and involvement.
- No unauthorized usage
- Ability to manage credit limits
- Absa Fleet offers a variety of Fleet Cards to meet your fleet requirements
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Our fuel card range
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Value added products
AFS (E-Fuel)
E-Fuel is a card-free, cashless system using technology to pre-authorize and conclude a refuelling transaction. The vehicle and not the driver authorizes the transaction. By introducing this technology, the customer is provided with a preventative control measure to ensure that a vehicle is present when fuel is dispensed, and allocation of fuel is properly recorded against a specific vehicle.
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Our Alliance Partners
Caltex
In partnership with Caltex, we are able to facilitate payments for diesel at discounted rates from all participating Caltex petrol stations. We offer “closed bin” cards which can ONLY be accepted at participating Caltex petrol stations and can be used to pay for tolls and “open bin” cards which you can use to buy fuel at any petrol station or pay for tolls nationwide.
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Fleet Card Contacts
