Fleet Finance

To businesses on and off-balance sheet basis

  • Trucks
  • Trailers
  • Cars and Bakkies

We have developed a finance product specifically for the fleet sector to stay relevant and on top of the rapidly advancing industry. An added benefit is that an upgrade at any time is possible. We will show you how cost of ownership can beat the purchase price.

MAIN BENEFITS OF A RENTAL

How Does it Work?

We finance according to an operational rental model which has various advantages:

  • Due to the operational rental approach, VAT can be claimed on the premium in terms of such costing. (for business clients that is VAT registered).
  • As is the case with golf green fees, your riding expenses (instalment/premium/insurance), when in the company of your clients, could be fully deductible from your taxable income (for business clients).
  • Since the rental agreement is off the balance sheet, it does not affect the gearing of the company
  • We finance fleets over a period of either 12, 24, 36, 48 & 60.

Advantages of doing it the RENEWED way:

  • Total flexibility concerning upgrade by addition or
  • Rentals can be tailored to fit in with your
  • Rentals are viewed as an operating cost – thus off-balance sheet
  • The total premium could be fully deductible from your taxable income (for business clients).
  • Results in the lowest after-tax cost to you (for business clients).
  • Enables you to keep up to date with the newest
  • Gives you the flexibility you
  • Offers you the most convenience with the least
  • Enables you to replace equipment when maintenance costs become excessive

RENEWED is aimed at ensuring clients continually kept abreast of the latest financial developments in the industrial air supply market, and to address the individual needs of these clients.  It is with this understanding of the industry that rental financing is offered on all sorts of equipment by RENEWED 

Tailor-made packages are crated depending on the client’s requirements to cater for cash flow and budget constraints, rent-free periods, residual values, bullet payments, etc.  An overview of the major aspects of the rental concept is included for your perusal

Fleet of trucks with cargo trailers. Transport, shipping industry.
Red commercial van and fleet of white trucks. Transport. Transport and shipping

Who Can Be Financed?

Any Business

Any registered business older than 2 years or Fleet owners.

  • Ltd Company
  • Private Company
  • Closed Corporation
  • Trust
  • Sole Proprietor

Any individual:

  • Older than 18 years
  • Full time employed for longer than 24 months

Apply now

What you need:

  • A completed & signed credit application form
  • Pro-forma supplier invoice or quotation
  • Full description and/or brochure on asset
  • Copy of ID of directors
  • A Company letterhead
  • Copy of company registration documents
  • Personal assets & liabilities of directors
  • 3 months bank statements
  • Latest Audited Financial Statements
  • Up to date Management Accounts

Interested? Let us call you back.