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Finance Leasing
This product enables businesses to fund equipment, machinery, or motor vehicles without hustle. Apart from its convenience to today’s business needs, there are massive tax savings on the rentals and VAT input credit .
• This is a long-term lease over the expected life of the equipment or vehicle, between 3 to 5 years, after which you pay us a nominal rent or we sell or scrap the vehicle. We recover the full cost of the vehicle, plus charges, over the period of the lease. • Although you don't own the equipment or vehicle, you are responsible for maintaining and insuring it. • You must show the leased asset on your balance sheet as a capital item, or an item that has been bought by your company. |
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