More and more South African consumers are becoming aware of the downfalls of financing a depreciating asset when buying a new or used car. Among South Africans, the term “car leasing” is often confused with short-term car hire services, corporate full maintenance lease fleets, or it is a completely unfamiliar term. At Merchant West, we empower our clients by giving them broader, forward-thinking financing options, such as our highly innovative and flexible car leasing solution, powered by our private vehicle leasing division – Ariva.
When looking at buying vs leasing a car in South Africa, which option may be the smarter choice for you and your finances?
For your business to thrive financially, it needs a committed financial partner focused on providing tailor-made business financial services and solutions specifically suited for your business. Every business is unique, and to this end, every solution, from working capital solutions to financial risk management, needs to be tailor made in order to support and work for your business. At Merchant West, we focus on providing flexible financial solutions that suit your business needs. Our personalised business financial services, which include working capital solutions, asset finance, and financial risk management are geared towards supporting your business’ individual requirements. So, what makes us the perfect match for your business?
There still exist many misconceptions around the term “finance”. At Merchant West we strive to demystify asset finance and promote it as a bespoke solution for businesses to acquire the equipment and systems they need to grow. Finance should not be limited as the misconstrued term it often is referred to, used to simply describe people who cannot afford to buy. The reality of finance is that it is designed for profitable companies that want to become industry leaders, with best-practice financial risk management consciousness. Our asset finance solutions are designed for the ambitious, here’s why:
In the end, business goals are all about growth, and how do businesses achieve this growth? This is a complex question which very often leads to a conglomeration of answers. As a more simple solution, we offer customised financial solutions which are available for businesses to conquer their resolutions, with minimal risk and specialised consultation services. After all, how can a business expand their opportunities without growing? Let’s take a dive into some resolutions which businesses may have set for this upcoming year, and how we can help you get there.
For two decades, Merchant West has organically grown its business across the financial services sector. Today, as the company celebrates its 20-year anniversary, it is regarded as one of SA’s biggest independent financial services providers.
“The business started in 1998 as a subsidiary within a listed asset management firm,” says Merchant West group CEO Braam Viljoen. “We then recognised the huge potential that existed for a specialised financing business in the local market and subsequently underwent a management buyout in 2002.”
Mike Murray, group sales director at Merchant West, believes a number of subsequent strategic decisions paved the way for the company’s decades-long run of growth. “All business units are independently operated by skilled executives who have surrounded themselves with industry specialists.”
Keeping up with technology often means that businesses are budgeting for new purchases each year to continuously refresh their security infrastructure and taking a financial knock on the depreciating asset value of the outdated equipment. At least that has been the case up
New approaches to security asset financing, such as an operating lease enables the business to implement their security refresh projects, but without purchasing the equipment. This model keeps depreciating assets off the client’s balance sheets, while the supplier can offer their clients fully financed end-to-end solutions they can bank on.
Global Credit Ratings (“GCR”) has accorded the following final, public long-term credit rating to the following Secured Class A Notes (“Class A Notes”) issued by MW Asset Rentals (RF) Ltd (the “Issuer”) (the “Transaction”) on 18 November 2016:
● Class A Notes, stock code MWAR01; R450,000,000; AAA(ZA)(sf) Stable Outlook.
GCR concurrently accorded the following final, public long-term credit rating to the following Notes issued by the Issuer on 29 March 2018 (“New Issuance”):
● Class A Notes, stock code MWAR02; R300,000,000; AAA(ZA)(sf) Stable Outlook.
The Issuer has increased the Subordinated Loan to R64,645,000 from R44,645,000 that is unrated and held by Merchant West (Pty) Ltd.
The South African Reserve Bank allows individuals to transfer their funds offshore utilizing either of the options below:
1. A single Discretionary Allowance of R1 million per calendar year. This allowance does not currently require South African tax clearance, or
2. A Foreign Investment Allowance of R10 million per calendar year. This is an annual allowance and applies to private individual tax payers over the age of 18 years. In order to utilise the Foreign Investment Allowance and to transfer the allowance out of South Africa, a Tax Clearance Certificate from the South African Revenue Service (SARS) is required which is valid for 12 months from date of issue.
Merchant West Capital Markets can facilitate the entire process and assist with the necessary paperwork.
Contact us today for more information or simply visit our website.
Whether you're a large or small business, Merchant West Capital Markets can tailor make a solution to suit your needs from our great range of products. While you may be getting good forex rates through your bank, we can probably achieve better rates for you.
Contact us today for more information. www.merchantwest.co.za
If you're thinking about transferring funds offshore then contact us today. We offer fantastic rates and can assist with the entire process.
The South African Reserve Bank allows individuals to transfer up to R1 million offshore per calendar year without a tax clearance.
Make the most of your allowance today!