Please note: The information provided through our platform is for informational purposes only and is not intended as financial advice.
Flexible Rent-to-Own for Businesses
Get Your Equipment Today, Pay Over Time!
Immediate Access, Flexible Payments, No Hidden Fees
What is Rent-to-Own?
Rent-to-own is a flexible and cost-effective way to get the equipment you need without paying the full price upfront. Instead of buying the equipment outright, you rent it for a set period and make affordable monthly payments. At the end of the rental term, you have the option to take ownership of the equipment.
The Benefits
-
No Deposit Required
Start using the equipment without a large upfront payment. -
100% Tax Deductible
Rental payments can reduce your taxable income. -
Spread VAT Payments
Pay VAT over the rental period, not upfront. -
Immediate VAT Claims
Claim VAT right away if you're registered.
-
No Loan Exposure
Rentals don't count as loans on your balance sheet. -
No Balloon Payment
No big payment at the end of the rental term. -
Flexible Ownership Options
Take ownership of the equipment or upgrade at the end.
The Process
Stage 1
Quotation
- Ask for a quotation for the equipment and installation thereof.
- Receive a quotation detailing the total cost, for example, R100,000 excluding VAT.
Stage 2
Application
- Go to the application section of this page.
- Download, and complete the rental application form.
- Submit the completed rental application form with accompanying documents.
- We will notify you within 24-48 hours if your application is approved.
Stage 3
Agreement
- Receive an offer with the exact monthly payment and rental term.
- Decide whether to accept or reject the offer.
- If you accept, sign and return the rental agreement.
- The first installment is due upon acceptance of the agreement.
Stage 4
Installation
- You will be contacted to arrange a site visit.
- After the site visit, an installation date will be scheduled.
- The team will arrive on site and complete the installation.
- We will contact you after installation, to ensure you are satisfied.
Calculate Your Monthly Rental
Estimated Monthly Instalment:
- All factors are linked to PRIME
- Factors are quoted in Advance (excluding VAT & Insurance)
- A once-off administrator fee will be charged per contract
- The above rates may change depending on your Credit Profile.
Frequently Asked Questions
A: You would be required to submit the following:
- Completed rental application form
- A copy of the supplier quotation for the equipment
- The last 6 months of bank statements
- Latest Financials (If Available)
A: The approval process usually takes 24-48 hours after you submit your application and documents.
A: Yes, there is a one-time administrator fee charged per contract.
A: Yes, if you are registered for VAT, you can claim VAT immediately. For example, if your equipment costs R100,000 and you are charged R15,000 VAT, you can claim the R15,000 VAT immediately instead of waiting until the end of the rental term.
A: The annual rental increase is the percentage increase in rent applied each year during the rental term, as agreed upon when you sign the lease. Choosing a higher percentage rental increase can result in lower initial monthly payments, making it easier to manage cash flow early in the rental period.
A: At the end of the rental term, you can choose to take ownership of the equipment or upgrade to newer equipment with a new rental agreement. If you choose to take ownership, there is an ownership fee equal to the value of three monthly installments.
A: Rentals are not considered loans and do not count as liabilities on your balance sheet, so they should not negatively impact your credit profile. However, the rates may change depending on your credit profile.
A: Rent-to-own requires no upfront deposit, whereas most traditional financing solutions require a significant down payment. Rent-to-own payments are fully tax-deductible, while traditional financing loan repayments are not typically tax-deductible. Rent-to-own spreads VAT payments over the rental period, whereas traditional financing may also spread VAT payments, but it depends on the specific financing terms. Rent-to-own rentals do not appear as liabilities on your balance sheet, while traditional financing loans are recorded as liabilities. Rent-to-own offers the option to take ownership or upgrade at the end of the term, whereas traditional financing means you own the equipment outright from the start. Rent-to-own has no balloon payment and an ownership fee of three monthly installments, whereas traditional financing may include a large balloon payment at the end.
Happy Customers
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Apply Now
Fill out the form to apply for our rent-to-own program. Our team will review your application and get back to you within 24-48 hours after submission.