Grow your business with Absa's loan solutions

Flexi Buy allows you to purchase assets over a term without having to pay an option-to-buy fee

• You repay the capital plus interest charges over the agreed finance term. The ownership of the asset automatically passes to you upon final payment (unlike hire purchase, there is no option fee to acquire ownership)
  
• Income tax treatment means you deduct the interest cost, as well as any capital allowances (wear and tear), as if you own the asset outright
• VAT treatment: The seller charges the full VAT on the cost price, including interest. You are able to claim the full VAT input
• Accounting treatment means the asset is recorded as an "on-balance-sheet" item. The outstanding debt is shown as a liability and you deduct depreciation and the interest cost

What assets can be financed with Flexi Rent?

• Personal motor cars
• IT and office equipment