Instrument Leasing Options
Through our finance partners, LECO Africa offers customers an affordable method of acquiring a LECO instrument. Please contact your LECO Sales Representative or one of the finance partners below:
DataQwip Rentals (Pty) Ltd.
Benefits
- Rentals are totally tax-deductible.
- Allows you to keep up to date with technology.
- Off Balance Sheet funding.
- Helps maintain escalating maintenance costs and down time.
- No disposal of obsolete equipment. Free your capital to invest in your core business.
ATRAFIN
American Trade and Finance Company
Benefits:
- Satrafin finances expertise and focus allows us to provide the best solutions for bidirectional trade between the U.S.A, South Africa and key emerging market countries.
- Satrafin Finance Programs feature attractive rates, terms, and structures, a quick pre-qualification process, and generally do not interfere with the local banking relationship.
- Satrafin provides financing with or without the support of government export programs. Export programs may be utilized where it provides the optimal solution.
- Larger or smaller loan amounts may be available.
| Description | Short-term Financing | Medium-term Financing |
| Typical Terms: | 30 days to 1 year | 1 year to 7 years |
| Eligible use of Funds: | Inventory, raw materials, spare parts, commodities, financing for distributors | Capital goods, technology, investments, certain project related services, software & used equipment |
| Available to: | Buyer or Seller | Buyer |
| Loan Amounts | $250,000 to $10,000,000 | Can be Rand denominated |
| Typical Advance Rates: | Up to 100% | Up to 85% |
| Typical Security: | Typically no security other than the transaction | Typically no security for most Government-supported loans |
| Rates: | Variable or Fixed-fee | Variable based on LIBOR |
| Structure: | Very flexible | Term Loan with periodic repayments. Lease may be available. |
Finance Africa
Phone:
+012-657-5588
Fax:
+086-770-8210
Finance Africa offers unique Asset Based Finance solutions to the private- and public sector via their network of funders including Financial Institutions, Investors , OEM’s and own funding.
Customer Advantages of Rental
- Monthly rentals can be reduced by the use of an annual escalation.
- Rentals avoid capital expenditure.
- No deposits are required.
- Ease of Upgrade / Replacement.
- Client has option to extend rental term, upgrade or own the equipment.
- A rental facility has no impact on the user’s balance sheet.
- Rentals are fully tax deductible from the annual taxable profit.
- The renting of goods enables the client to keep track with technology.
- The VAT on a rental is raised on the monthly payment and not capitalized “upfront”, as in a lease or instalment sale.
