IF YOU CAN USE
WE CAN LEASE
Free Up Your Capital with RentCo Africa’s Asset Leasing Solutions across Governments, Manufacturing, HealthCare, Education, Agriculture, Construction, Technology and much more…
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Leasing is a flexible way of meeting business asset needs without requiring a large capital outlay or risking equipment obsolescence.
A flexible approach to funding, asset finance gives your business access to the equipment, vehicles, plant and technology it needs to perform and grow, without compromising cash flow.
It can be used for both new and second-hand assets, or as a mechanism for releasing the value from those you already own.
Over the past few years, asset finance has become the fastest growing finance option for businesses of all sizes, across all industries.
Basic Leasing Terms
Rent: The amount paid by the lessee to the lessor for use of an asset.
Term: The length of time that a lease agreement is valid for.
Security deposit: A sum of money paid by the lessee to the lessor at the beginning of a lease term to cover any damages that may occur during use of an asset.
Maintenance: The responsibility for maintaining an asset can be assigned to either party depending on the terms of a lease agreement
Types of Leases
Financial lease: A contract involving payment over a longer period. The lessee has to bear all the risks and rewards associated with ownership of an asset.
Operating lease: The lessee uses the asset for a specific period.
Sale and leaseback: A company sells an asset it owns to another company and then leases it back from them.