The time is significant: our dedication
and commitment has brought us to this point.
Our vision is the plan of our future and
the plan still guides our hands.
It remains the blueprint for confident,
measured and mutually enriching growth.
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LEASING SERVICES
There are many possible variations of leasing arrangements which usually depend on buy-back terms, cancellation rights, residual value, interest rate (fixed or floating), etc , but basically there exists three main types of leases - Finance, Operating and Full Service.
Here there is no residual value. But the monthly rental is based on the expected market value at the end of the lease period. Generally, the expected market value (future value) is higher than the equivalent Residual Value under a Finance Lease, with the result that the monthly rental under an Operating Lease is lower than would be the case under a Finance Lease. At the termination of the lease, any one of the following may happen:
1. The equipment is returned to Lessor without further action 2. The Lessee may apply for the purchase of the equipment at a negotiated price; or 3. A new lease may be entered into with the same Lessee 4. The Lessor may sell or lease out the equipment to a third party
An Operating Lease is equivalent to a long-term rental arrangement where the client is simply the user of the leased asset for a predetermined amount of time, and has no pre-arranged right or option to purchase the asset at the end of the lease period.
Any asset which has a commercial value and which is considered to be an asset can be leased. Most of our clients lease equipment, plant and machinery and vehicles, but we are always prepared to consider other leasing arrangements on a case-to-case basis.
