Vehicle and Asset Finance

 The Nedbank Vehicle and Asset Finance (VAF) scheme provides financing to companies who wish to procure assets, replace their fleet or assist their staff to access car loans. The bank has partnered with reputable car dealers of major brands who can supply vehicles in this regard.

• Payable over a period of up to 5 years
• Initial deposit: 0-20%
• The value of the asset being purchased acts as collateral
• Easy access of services for this product
• Companies can replace their fleet as they can leverage on initial cash deposit
• Company employees can purchase brand new cars via reputable car dealers
• Preservation of working capital – lower upfront costs that frees capital for other business needs.
• Tax savings
• The asset can be used while you pay for it thereby assisting to generate funds to pay for itself

• Companies and individuals

• Initial deposit: 0-20%
• Company financial statements
• Individual payslip
• Invoices of the vehicle to be purchased
• KYC documentation