Are you interested to learn about the Absa finance lease agreement in South Africa? Then check out this guide.
The Absa vehicle and asset finance grants you a finance lease agreement when you want to lease a vehicle or any asset.
This agreement outlines the contract terms, from the repayment period to the end of the contract.
You will need this contractual agreement before accessing the vehicle or asset loan from Absa.
How Does Absa Finance Lease Agreement Work
You have an option to buy a vehicle at the end of the lease period.
You get comprehensive car insurance on the financed vehicle for the duration of the agreement.
You get flexible repayment terms to suit your business needs.
You get affordable, fixed tax-deductible monthly payments.
This is how the Finance lease agreement works in South Africa.
Now that you know how this agreement works, we will show you the features of the agreement.
Absa Finance Lease Agreement
With this lease, you have the convenience of driving a car or other asset without having to buy it.
You can buy the asset at an agreed price or nominate a third party to buy it.
You can also continue using the asset at a reduced or no rental fee at the end of the lease period.
There is an option for fixed or variable interest rates with this agreement.
You can make lower monthly repayments with a balloon payment at the end of the contract.
The repayment period for this agreement is 12 and 60 months.
The lease agreements allow early settlement of the charges.
You can get an affordable credit protection plan for the contractual agreement.
These are the features of the finance lease agreement in South Africa.
We will now show you how to sign up for this agreement in South Africa.
How To Fill The Agreement In South Africa
You can collect the agreement form from any Absa branch near you.
Fill up the commercial Asset Finance (CAF) to help Absa understand your business financial needs.
You can also sign the agreement online through Absa online banking.
If you have any issues with the agreement, you can contact Absa through 0861 00 11 55.
This is all you need to know about the Absa finance lease agreement in South Africa.