The Bidvest business footprint stretches across the African continent and beyond in other continents.The growth and expansion of this respected business brand has been as a result of having competitive rates which are backed by personal service and individual attention to unique needs and providing options that suit the client rather than structures that suit the bank. Using a flexible and responsive approach to financing, Bidvest bank decided to introduce the fleet and asset finance.
The Bidvest fleet and asset finance product has been tailored for both customers and non customers of Bidvest bank. This unique product is meant to assist clients with finance for passenger and commercial vehicles, material handling equipment, printing presses, computers and other types of assets. Bidvest offers diverse financing options such as full maintenance leasing, operating rentals, sale and leaseback and instalment sale which is also called financial lease.
Bidvest full maintenance leasing which comes with fixed costs throughout the contracts duration removes the risk of vehicle resale, ownership or maintenance. This option covers normal wear and tear including all routine services such as shock absorbers, exhaust components and batteries on all makes of passenger, light and heavy commercial and industrial vehicles. Operating rental is similar to full maintainance leasing except that the monthly rental does not include maintenance and repair cover, a maintenance plan can however be added. Financial lease allows clients to purchase vehicles and other assets and pay these off over an agreed period of time, Bidvest assists clients to choose the option that suits cash flow and tax position. The sale and leaseback option assists clients with converting existing owned fleets to leased fleets. Sale and leaseback enables tax efficient vehicle funding, while generating capital that can be employed in other areas of the business.
The Bidvest asset finance and leasing is indeed an innovative offering. The Bidvest fleet and asset finance division can be contacted on 0860111177 and trained consultants will be on hand to assist.
