RENT TO OWN

ACSS have a joint venture with Sasfin Bank Limited and we provide 36,48 and 60 months rental to own.

ADVANTAGES OF RENTALS
“FOR THE CUSTOMER”

1. Rentals are fully tax deductible, thereby minimizing income tax obligations.
2. “Off Balance Sheet” rentals may be structured, and may be shown as an operating expense thus improving gearing ratios. This provides an added advantage to foreign owned companies.
3. Rentals avoid capital expenditure approvals.
4. No deposit is required, thus reducing the client’s cash outlay.
5. Monthly rentals can be reduced by the use of annual escalations of up to 15%, thereby easing the client’simmediate cash flow.
6. The customer has the option to upgrade the equipment during the contract, thereby
   providing flexibility to change as technology improves, or as the company outgrows
   the equipment.
   

VAT IMPLICATIONS:

VAT is not capitalised up front but rather paid monthly with each rental. VAT on the rental will be regarded as Input VAT and may be written off against any Output VAT collected.