Capital Equipment News April 2024

COMMERCIAL VEHICLE FINANCE OPTIONS

The FTR 850 Dropside is available as an EasyGO option.

SMME s do not always need outright OWNERSHIP OF commercial fleets

To get more small businesses to participate actively in the economy, Isuzu Motors South Africa is making commercial vehicle acquisition more accessible for entrepreneurs and small business owners on its Ready To Work line-up of commercial medium and heavyweight trucks.

S mall to medium businesses that are well-established with a solid financial track record have the option to se cure a range of Isuzu trucks through a rental agreement off their balance sheet. The fleet ownership can effectively be written off as a monthly expense, not an asset on their books. EasyGO is a novel financing approach to acquiring commercial vehicles for first-time trucking entrants, and Isuzu is cultivating the market. “Isuzu’s Ready To Work portfolio of commercial vehicles showcases pre-built trucks with their applications so business owners can generate revenue almost immediately. Coupled with our unique rental offer, this represents a game changing moment for small businesses’ access to the trucking economy,” says Craig Uren, Isuzu Senior Vice President of SACU Revenue Generation. The EasyGO rental truck programme, formed in partnership with Isuzu Finance, provides peace of mind as ownership rests with the bank.

worrying about how to purchase a truck. The ISUZU Truck Rental Programme allows customers to use a different credit checking process that focuses on a business’s contracts and revenue streams. Applications to the ISUZU Truck Rental Programme are subject to qualification; however, Uren offers valuable advice on why it is a sound financial option. Pick your truck According to Uren, Isuzu is the first OEM in South Africa to offer an off-balance sheet solution for customers renting a

Qualifying small businesses pay a monthly rental based on the selected truck, application, and rental period. Companies can choose between a minimum of 36 months and a maximum of 60 months. Less rigorous credit checks This option falls outside of the National Credit Act and is designed with the customer in mind. Small businesses seldom have the capital outlay to buy and own assets like trucks, so they can focus on their business instead of

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