Rentfin

The rental finance market is an established one in the financial services industry. The major and mercantile banks all have rental finance division, with Sasfin holding the biggest book in the industry. Apart from the banks, there are many private companies who are active in the market place, often with ties to the banks through brokerage agreements.

RentFin was started up to fill a niche in the market where banks and the established companies were failing to provide finance for peripheral business assets. These assets include CCTV, Coffee Machines, Electricity Management Systems, Security & Access control systems, amongst others. We have gone in specifically targeting these assets and providing rental solutions for them. Basically what we do is buy the asset from the supplier and then rent it to the client that requires that asset.

RentFin focuses on building strong relationships with it suppliers, as the services that we offer are of great benefits to the supplier in terms of increased sales through a new avenue. Rental Solutions also offer the client some major benefits when compared to a hire purchase agreement. When a client rents an asset they receive the following benefits:

- The client does not need to outlay any capital for the equipment.

- The rental amount is a fully tax deductible expense.

- Rental is a form of off balance sheet financing.

- The client has easier access to upgrades when the time comes.

We strive to provide an effective and transparent service for both our suppliers and clients, as the service we provide is of benefit to all. If you have any questions, please email us on info@rentfin.co.za and we would be happy to assist.