Fleet - Renewed Group

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 are 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
Rentals can be tailored to fit in with your needs
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 equipment
Gives you flexibility
Offers you the most convenience with the least risk
Enables you to replace equipment when maintenance costs become excessive

RENEWED is aimed at ensuring clients are 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

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