Motorcycle - Renewed Group

Motorcycle Finance

The Motorcycling market is rapidly changing and one of the fastest growing markets in the world today, the motorcyclist today needs continue keeping up with the pace of rapidly changing technology.

It is against this background that motorcycle rentals have become more and more a factor in the successful selling of motorcycles. Existing methods of financing have not addressed the problems incurred in a continually changing market. In order to address these problems, the emphasis has changed from “what it would cost to buy” to “what it would cost to use”.

Flexibility is of major importance in the market today and the rental pack- age has been designed to offer the greatest possible tax advantage, as well as catering for the high inflation of the economy.

MAIN BENEFITS OF A RENTAL

RENTAL VS CASH

BikeMe offers your client an inexpensive way to have use of equipment he needs without draining his available cash. The client will also not have to use up his available credit lines with other institutions.

EASE OF USE

The documents are user friendly saving you the time and inconvenience of looking for traditional financial options.

UPDATABILITY

The unique structure of thr rental agreement permits you to upgrade the older eqipment with more up to date equipment, without materially altering the client’s monthly rental.

(This depends on when you upgrade the client and we would be happy to discuss this with you in more detail)

ENHANCED PROFITABILITY

There will be no need to allow cash discounts thereby improving your profit margins.

QUOTING MONTHLY RENTALS RATHER THAN CAPITAL

Inflation has increased the price of goods and often the capital price scares the client.

Quoting the monthly figure enables the client to concentrate on the actual monthly cost instead of a huge capital outlay.

RENEWED is aimed at ensuring clients continually kept abreast of the latest financial developments in the motorcycle market, and to address the individual needs of these clients. It is with this understanding of the industry that rental financing is offered 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

Advantages

Results in the lowest possible after-tax cost to you.
Rentals can be tailored to fit in with your budget.
Enables you an anytime upgrade, keeping you up to date with the latest technology.
Offers you the most convenience with the least complications.
Total flexibility.
Rentals are an operating cost – thus off-balance sheet.
Rental premium could be fully deductible from your taxable income.
No need to use valuable cash flow to purchase assets. Simply pay a fixed budget amount over the term of contract.

How Contracts Work

We use the 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).
Since the rental agreement is off the balance sheet, it does not affect the gearing of the company
You can select a term between 12, 24, 36 & 48 months.

Who Can Be Financed?

Any Business

Closed Corporations
Ltd Company’s
Private Company’s
Sole Proprietors
Trusts

Apply now

What you need:

A completed & signed credit application form
Pro-forma supplier invoice or quotation
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