Commercial vehicle financing
Need a delivery van, flat-bed truck or a heavy commercial vehicle (HCV)?
Whether you bank with Standard Bank or not, you can apply for our commercial vehicle financing and receive a response within 24 hours.
Some of the benefits
Cash flow
Maintain good cash flow and affordability by letting us pay up-front for your vehicle
Buy or lease
Choose an instalment sale, or a financial lease that gives you the option to own
Your terms
Repayment amounts, deposits and balloon payments are negotiable
Advantage
Hedge against inflation, and put key assets to work now rather than later
What you get
- A finance package that’s customised to the type of vehicle you want
- Repayment terms that suit the cash flow of your business
- Option to reduce interest by linking your agreement to an Access Finance Account
- Negotiable deposits, subject to equity requirements
- Linked or fixed interest rate
What we finance
- Passenger vehicles
- Light delivery trucks
- Heavy commercial vehicles
- Trailers
- Mobile plant
- Farm vehicles
What it costs
- Deposits are negotiable
- Payment terms are negotiable
- Balloon payments are negotiable
- Initial payment is negotiable*
- Monthly repayments are made via debit order
*Subject to equity requirements
How it’s taxed
- You can claim depreciation of business assets on your taxable income
- For professionals, sole proprietors, CCs and companies, assets should be capitalised* and the liability reflected on the balance sheet
- Recoupment tax applies to car allowance holders if the car’s sold for more than the tax value
*In accordance with Generally Accepted Accounting Practice
How to get it
If you already have a Standard Bank Business Current Account
- Apply now or;
- Speak to your Relationship Manager
If you don’t have a Business Current Account with Standard Bank or have been banking with us for less than 6 months:
- Apply now – the application takes minutes to complete and you will be contacted within 24 hours. You will be notified via email and telephonically regarding the outcome of your application.
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What you get
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What we finance
-
What it costs
-
How it’s taxed
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How to get it
- A finance package that’s customised to the type of vehicle you want
- Repayment terms that suit the cash flow of your business
- Option to reduce interest by linking your agreement to an Access Finance Account
- Negotiable deposits, subject to equity requirements
- Linked or fixed interest rate
- Passenger vehicles
- Light delivery trucks
- Heavy commercial vehicles
- Trailers
- Mobile plant
- Farm vehicles
- Deposits are negotiable
- Payment terms are negotiable
- Balloon payments are negotiable
- Initial payment is negotiable*
- Monthly repayments are made via debit order
*Subject to equity requirements
- You can claim depreciation of business assets on your taxable income
- For professionals, sole proprietors, CCs and companies, assets should be capitalised* and the liability reflected on the balance sheet
- Recoupment tax applies to car allowance holders if the car’s sold for more than the tax value
*In accordance with Generally Accepted Accounting Practice
If you already have a Standard Bank Business Current Account
- Apply now or;
- Speak to your Relationship Manager
If you don’t have a Business Current Account with Standard Bank or have been banking with us for less than 6 months:
- Apply now – the application takes minutes to complete and you will be contacted within 24 hours. You will be notified via email and telephonically regarding the outcome of your application.
We also offer
Vehicle and asset insurance
Safeguard the continuity of your business with an insurance solution that’s customised to your business operations.
Understanding your risk profile
Environmental
Environmental
Risk that mostly refers to the industry in which you plan to set up your business and your customers.
Financial
Financial
Risk that’s determined by the financial state of your business, and the security that you’re able to offer.
Management
Management
Risk that takes into account the skills, commitment and abilities of the owners and management of your business.
What you need to apply
What you need to apply
Knowing up-front the information we need from you will help your application process run as smoothly as possible.
Need help?