• Flexi buy

    Benefits:

    • You own the asset while you’re paying it off.
    • The asset belongs to you once it is paid off.
    • There is no additional fee to be paid.
       

    What you need to know:

    • You repay capital plus interest.
    • The seller charges full VAT on the cost price, plus interest.

  • Flexi lease

    Benefits:

    • You have use of the asset during the lease period.
    • You have the option of buying the asset at the end of the lease with no obligations.
    • You structure payments to suit your financial needs.
    • Choose between monthly, quarterly or annual rentals.
    • You only pay VAT on each rental when it is due.
       

    What you need to know:

    • You don’t own the asset at the end of the lease term.    

  • Flexi rent

    Benefits:

    • Affordable, fixed monthly payment.
    • You do repay proportions of capital.
    • Avoid the hassle of ownership.
       

    What you need to know:

    • The residual value should not be less than 11% of original cost, including VAT.    

Compare our asset finance options

Account

How it works

What you get

Income tax benefits

VAT benefits

Accounting benefits

Flexi Buy

You repay capital plus interest over the agreed term.
The asset becomes yours once it’s paid off.    
  • You can deduct the interest cost as well as wear and tear.    
  • You can claim the full VAT input.    
  • The asset is recorded as an ‘on-balance-sheet’ item.
  • Outstanding debt is shown as a liability.
  • You can deduct depreciation and interest costs.
Flexi Lease

You structure payments to suit your financial needs.  
You can finance your business most efficiently.    
 
  • You don’t need to pay VAT upfront – only on each rental.    
  • Rentals are tax deductible.    
Flexi Rent

You rent the asset for an agreed term and make regular payments that include proportions of capital, interest and VAT residual value. 
You have full use of the asset for the agreed term. 
  • You deduct the lease rentals.    
  • You can claim VAT input where the asset allows.  
  • The asset is recorded as an ‘off-balance-sheet’ item*.
  • Outstanding debt is shown as a note.
  • You deduct rentals as an operating expense.

*subject to independent auditor approval    
Need more help?

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Email us:
talktous@absa.co.tz