MAN Solutions South Africa

MAN | Finance
Customised fleet finance solutions
MAN Financial Services ® primary objective is to create a long term partnership with our customers by providing a unique selection of tailor made products and services specifically
designed to add value to your fleet operation. Our products include a range of Finance options and Comprehensive Insurance Solutions.
MAN Financial Services ® provides finance for Truck and Buses by customising a package in line with specific finance and insurance requirements suited to our customers’ operation.
Through our team’s collective expertise in the fields of finance, insurance, fleet and risk management, coupled with an extensive knowledge of the commercial industry, we pride
ourselves on our ability and flexibility in providing you with an appropriate comprehensive solution. With our headquarters in Johannesburg, Gauteng, MAN Financial Services ® ’ service
offering is supported by a team of Business Development Managers based in strategic regional locations throughout South Africa.
FINANCE SOLUTIONS
Any of the following finance options are available through MAN Financial Services ® and can be customised
to suit your specific business requirements.
INSTALMENT/SUSPENSIVE SALE
• Finance option for which regular monthly payments are made over a fixed contract period.
• The asset will reflect on balance sheet and finance charges and depreciation are fully tax deductible.
• Upon payment of the final instalment, ownership of the vehicle will be obtained.
• A deposit is normally required and the percentage requirement may vary.
• VAT is capitalised up front (VAT is handled differently for subsidised bus transporters).
LEASE
• This option allows the use of the vehicle for an agreed period for which regular monthly
payments are made.
• The asset will reflect on balance sheet.
• The option of taking ownership, or extend the finance agreement at the end of the initial
finance period in the case of a residual value.
• VAT is capitalised up front (VAT is handled differently for subsidised bus transporters).
RENTAL
• A Rental provides a cost-effective solution to customers requiring only the use of a vehicle
for a period which is shorter than the vehicles’ anticipated useful life.
• There is no risk of asset disposal.
• Accounting principles will determine whether the asset will reflect on or off balance sheet.
• VAT is not capitalised up front but is payable monthly.
• Rentals are fully deductible as an operating expense.
FULL MAINTENANCE LEASE (FML)
• Similar to a Rental, a Full Maintenance Lease provides cost effective and hassle free solution
to customers requiring the use of a vehicle for a period shorter than the asset’s anticipated useful
life with no disposal risk and the same accounting and VAT principles.
• In addition to the above, the cost of maintenance and service is calculated based on predetermined
set parameters and paid monthly for the agreed maintenance period in conjunction with the
monthly rental payment.
COMPREHENSIVE INSURANCE
Through capitalising on our MAN brand we offer a Value Proposition to our customers due to the vested
long term interest that we share with our customers by ensuring optimal insurance cover. Comprehensive
insurance offers cover against any accidental damage and or loss including accidental damage or loss to third
parties. Other lines of cover that you may require to protect other aspects of your business operation include:
• Passenger Liability - Protects you against costs and expenses for which you may be held liable,
in the event of death or bodily injury to a passenger travelling in your vehicle as a result of an accident.
Incorporating Personal Accident Cover – 24/7 injury cover to you, family member, and driver and
or passengers.
• Goods-in-Transit - Protects against accidental damage or loss of goods being transported
in your vehicle.
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