Instrument Leasing Options

Through select finance partners, LECO may be able to offer customers an affordable method of acquiring a LECO instrument. Please contact your LECO Sales Representative for more information.

Through our finance partners, LECO Africa offers customers an affordable method of acquiring a LECO instrument. Please contact your LECO Sales Representative or one of the finance partners below: 

DataQwip Rentals (Pty) Ltd.

www.dataqwip.co.za

Phone: +27 11-574-6600

Fax: +27 11-455-1426

E-mail: sales@dataqwip.co.za

Benefits

  • Rentals are totally tax-deductible.
  • Allows you to keep up to date with technology.
  • Off Balance Sheet funding.
  • Helps maintain escalating maintenance costs and down time.
  • No disposal of obsolete equipment. Free your capital to invest in your core business.

ATRAFIN

American Trade and Finance Company

Phone: +011-855-1360

Fax: +011-885-1332

E-mail: iraff@americantradefinance.com

Benefits

  • Satrafin finances expertise and focus allows us to provide the best solutions for bidirectional trade between the U.S.A, South Africa and key emerging market countries.
  • Satrafin Finance Programs feature attractive rates, terms, and structures, a quick pre-qualification process, and generally do not interfere with the local banking relationship.
  • Satrafin provides financing with or without the support of government export programs. Export programs may be utilized where it provides the optimal solution.
  • Larger or smaller loan amounts may be available.
DescriptionShort-term FinancingMedium-term Financing
Typical Terms:30 days to 1 year1 year to 7 years
Eligible use of Funds:Inventory, raw materials, spare parts, commodities, financing for distributorsCapital goods, technology, investments, certain project related services, software & used equipment
Available to:Buyer or SellerBuyer
Loan Amounts$250,000 to $10,000,000Can be Rand denominated
Typical Advance Rates:Up to 100%Up to 85%
Typical Security:Typically no security other than the transactionTypically no security for most Government-supported loans
Rates:Variable or Fixed-feeVariable based on LIBOR
Structure:Very flexibleTerm Loan with periodic repayments. Lease may be available.

Finance Africa

www.financeafrica.co.za

Phone: +012-657-5588

Fax: +086-770-8210

Finance Africa offers unique Asset Based Finance solutions to the private- and public sector via their network of funders including Financial Institutions, Investors , OEM’s and own funding. 

Customer Advantages of Rental

  • Monthly rentals can be reduced by the use of an annual escalation.
  • Rentals avoid capital expenditure.
  • No deposits are required.
  • Ease of Upgrade / Replacement.
  • Client has option to extend rental term, upgrade or own the equipment.
  • A rental facility has no impact on the user’s balance sheet.
  • Rentals are fully tax deductible from the annual taxable profit.
  • The renting of goods enables the client to keep track with technology.
  • The VAT on a rental is raised on the monthly payment and not capitalized “upfront”, as in a lease or instalment sale.