With an instalment sale agreement financing the purchase of moveable durable goods couldn't be easier. This credit agreement allows you to defer
full payment and repay the assets in regular instalments. As soon as the agreement has been fully complied with and full payment has been received, ownership of the asset passes to you.
This type of agreement is ideal for private as well as business users. For example, it can be used to finance the purchase of vehicles by car
allowance recipients. This type of agreement is often used to finance vehicles and assets such as cars, caravans, boats and small aircraft.
|NEW AND USED VEHICLES FROM APPROVED DEALERSHIPS AND INDIVIDUALS||YELLOW GOODS AND MACHINERY FOR YOUR BUSINESS||SPECIALISED EQUIPMENT FOR MEDICAL, ENGINEERING AND MANUFACTURING BUSINESSES|
There are various finance options to choose from, with varying impacts on cashflow and varying tax implications.
Your choice will be influenced by:
|Deposit||Negotiable based on type of product and client scenario.|
|Interest rate||Choose between fixed and prime-linked interest rates.|
|Ownership vs usage||Choose between instalment sale, financial rental a term loan.|
|Early settlement||No penalty on small and intermediate agreements.|
|Balloon payments*||Can be structured into your agreement.|
Offers the benefit of reduced monthly repayments, with a lump sum repayment (referred to as the balloon payment) at the end of the agreement period. At that point you have the following options:
• Apply to refinance the balloon payment amount for a further term. (Terms and conditions will apply).
• Sell the vehicle.
• Pay the full balloon payment amount and take ownership of the vehicle.
|Nedbank vehicle insurance||Protect your vehicle against loss, damage and third-party claims. It is compulsory to keep your vehicle comprehensively insured for the full term of the finance agreement.|
|Facilitation of private-2-private sales||Our partner service provider will help you facilitate safe, secure and hassle-free private vehicle sales.|
|Importation of capital equipment||
A door-to-door service is
provided for the importation of capital equipment and other selected assets.
|Terms and conditions apply; subject to credit assessment.|
Relationship bankers are available to discuss your banking needs.
Contact us today on 0860 116 400. We are available 24/7 to answer any questions or to arrange an appointment.
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