Leases

We help corporate and individual clients acquire their movable assets. These range from personal cars, fleet of vehicles, boats, office equipment right through to industrial machinery. Depending on your specific needs, we can provide you with a full range of leasing solutions, including:
  • Finance leases
  • Operating leases

 
What is a lease?

A lease is a legal contract between the owner of the asset (the 'lessor'), and the rentor of the asset (the 'lessee').  

A typical lease spells out all the terms and conditions involved in the 'rental' agreement for the asset concerned. It includes amongst other things the length of time of the use of the asset, the amounts and number of rental repayments involved.
 
The lease agreement protects both parties to the lease, in that the lessor knows that this legally binding contract obligates the lessee to make regular repayments throughout the life of the lease, whilst he has full rights to the use of the asset without fear of sudden seizure or eviction.

 
Types of leases

Finance leases
A finance lease agreement stipulates that the client (the lessee) has to repay regular fixed repayments to the leasing company (the lessor) over a set time period. It allows the lessee to make full use of the equipment and disclose the asset in its books as it has the option of obtaining the ownership title of the asset at the end of the lease period. This is done by making a final payment to the leasing company for its residual value. 

Operating leases
These are lease contracts that allow the use of an asset by the lessee but do not convey him similar rights to that of owning the asset, which remains with the lessor (the leasing company). These lease agreements therefore stand effectively as rental contracts between the client and the leasing company.
 
Sale and lease-back services
A client may have an existing asset, which he regularly uses but may also be in need of immediate cash for other projects. The client could enter into a 'sale and leaseback' arrangement, with our company, whereby  he would sell the asset to us and we would immediately lease it back to  him under specific conditions. 
Hence, the seller of the asset becomes the lessee (who would retain his full rights to the asset's use) and the purchaser becomes the lessor. 

 
How to apply for a lease? 

Should you wish to proceed directly for an application, please print the attached application documents relevant to your status (i.e. individual or corporate) and return them duly completed and signed together with the other documents prescribed below. 

 
Lease application for individuals:
Lease application for corporates:
To speed up matters, you may first fax the following documents to us on +(230) 213 6959 before forwarding the full list of originals via the post:

For individuals: 
  • Your duly filled-in application form 
  • The official quotation from your supplier
 For corporates: 
  • Your duly filled-in application form
  • Your most recent set of management accounts 
  • The official quotation from your supplier

 
What will your lease cost?

Make your own initial repayment estimates by using our lease calculator:

Lease Calculator

Lease Amount
Residual value
Annual interest (%)
Duration of lease (in months)
Month Leasing to start
  Calculate your loan



 

Once you have ascertained your initial estimates please feel free to send us a quote request. We will do our utmost best to send you a reply within one full working day.