UD Finance

Lease Agreement

• Early settlement is negotiable (if outside the Credit Agreement Act).
• Monthly installments and insurance are tax deductible.
• Fixed repayments can be scheduled (monthly, quarterly, half yearly or annually) to suit the clients requirements.
• A residual value payment can be negotiated to reduce monthly repayments.
• No deposit required.
• At the end of the period the client can enter into an extended lease contract or even return the asset.
• VAT is capitalised and included in the agreement.

Installment Sale

• Ability to negotiate a cash discount.
• Installments can be tailored to individual needs if they qualify in terms of the Credit Agreement Act.
• Finance charges, depreciation, and insurance are tax deductible.
• Deposits are negotiable.

Value Added Products

• Comprehensive insurance.
• Extended warranties.
• Credit shortfall cover (this covers the possible shortfall between what the comprehensive insurance covers and the settlement amount of the credit grantor).
• Life assurance plans.
• On board Fleet Management and tracking systems.
• Vehicle operating cost estimates

Maintenance Plans

• All repair and maintenance work pre-authorised.
• Only verified invoices paid.
• Technical support and expertise.
• Consolidated tax invoice.
• Consolidated expenditure reports.
• Maintenance costs fixed.
• Maintenance risk eliminated.
• Pro-active maintenance control.
• Administration reduced.
• Full Maintenance Lease
• Holding cost of transport reduced.
• Maintenance control guaranteed.
• Off balance sheet funding.
• Even cash flow ensured.
• Risk of ownership eliminated.
• Budgeting simplified.
• Administration reduced.
• Return on assets improved.
• Capital for core business released.
• VAT payable on monthly rental.

Rental Agreement

• No initial rental/deposit is required for qualifying clients.
• Repayment period of up to 60 months.
• Total rental income tax deductible where applicable.
• Rental payments can be structured to the client's requirements
• Early settlement can be negotiated.
• If the asset is sold and early settlement arranged, VAT is payable only on the outstanding capital.
• Rental agreements do not affect gearing ratios on the balance sheet.
• Monthly installments and insurance costs can be deducted from income tax.
• No capital outlay required.
• Risk of re-sale eliminated.
• Cash flow optimised.
• Off balance sheet funding of fleet provided to owners who operate their own workshop facilities.
• Return on assets improved.
• VAT payable on monthly rental.