For business owners using the vehicle for business use, repayments or a portion thereof are tax deductible.
The VAT on the monthly rental may be claimed.
The rental repayment or a portion thereof may be expensed against taxable income.
BENEFITS AND ADVANTAGES ON OUR RENT TO BUY PROGRAMME
Renters don’t carry resale risks. Renters have the option to return the vehicle at the end of the term or take ownership for a nominal fee (R1500).
The opportunity to drive an upgraded vehicle more frequently.
Change your vehicle every 18 months without huge financial penalties or depreciation.
Easy, Early termination options.
No depreciation costs to worry about.
Better business budget planning as rental payments are fixed throughout the term
Whilst every attempt has been made to ensure the accuracy of the information provided, NO FINANCE CARS does not provide legal, accounting or professional tax advice. The information
contained herein should not be used as a substitute for consultation with professional accounting,
tax, legal or other competent advisers. Prospective clients are requested to seek the guidance and
advice of professional tax, accounting and legal practitioners before acting on any information