Vehicle Finance

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FlexiBuy

FlexiBuy is finance made easy for those individuals or small businesses that require outright ownership of the asset upon final installment payment.

Features:

• We offer easy finance for both Barclays and non Barclays customer
• Approval within 24 hours (subject to meeting all credit requirements)
• Financing from as little as P50,000 up to P1,500,000
• 10% deposit on new vehicle and from 20% on used depending on age of the vehicle
• Loan repayments period vary from 12 to 60 months
• Finance new vehicles over 60 months and used vehicles up to 48 months (will vary depending on the age of the vehicle)
• Competitive interest rates
• 50% of your monthly net income including other loans debt ratio
  

Requirements:

• Valid driver’s licence
• Valid ID (Omang/Passport)
• Quotation from an authorised dealer
• Monthly income to be supported by salary slip
• Employment confirmation
• Non Barclays Bank customers to include 4 months bank statements from current banker Non-citizens will be required to provide the following additional documentation:
• Valid contract
• Valid work and residence permit

Used vehicles applications will need to be supported by:

• Roadworthiness certificate
• Valuation report (authorized dealer)
• Copy of registration document

Business application requirements:

• Form2
• Certificate of Incorporation
• Copy of Identification document (Omang or passport) for all the Directors
• Utility bill (confirmation of physical address)
• Proforma invoice (Bank approved Dealer)
• Cash Flow projection for a 12 month period (from current month)
• Borrowing Powers/Company Resolution
• Latest Financial Statements
• Copy of Valid Driver’s Licence from person submitting application.
• approval within 48 hours of receipt of loan application by credit
  

Equipment financed:

• Passenger cars
• Trucks (delivery or mechanical horse)
• Tipper trucks
• Agricultural tractors/implements, Harvesters, Balers etc
• Construction and earthmoving equipment
• Aircraft
• Industrial machine tools
• Forklift trucks
• Cranes (hydraulic self propelled and building)
• Mould
• Vending machines
• Standard or specialised production equipment
• Other asset or equipment not listed to be referred to Asset Finance specialist for verification.

For more information please contact our Vehicle and Asset Finance Specialist 391 0013 or your Relationship Manager at 319 0015.

FlexiLease

FlexiLease is a flexible and tax efficient on-balance sheet Finance Lease to fund your plant, machinery, equipment and motor vehicles.

Under FlexiLease the full cost of the asset is repaid by the Lessee to the Lessor.

FlexiLease requires VAT to be paid up-front on the asset price and businesses are usually able to claim the VAT input credit immediately.

What FlexiLease can offer you

• Flexibility and customised structuring of
• interest rates and terms
• Freedom to make your capital work for you
• Rentals are tax deductible
• Flexibility to allow for early termination

Termination options

When you deal with Barclays you can confidently know that at the end of the FlexiLease Agreement we will offer you attractive options.
For more information contact a Vehicle and Asset Finance Specialist.

Next Step

We will be pleased to provide any further details you require.
For more information please contact our Vehicle and Asset Finance Specialist 391 0013 or your Relationship Manager at 319 0015.
This product set is applicable to Botswana. All products are subject to credit approval.

How FlexiLease can work for you

FlexiLease allows you to structure payment schedules to your advantage, allowing you to finance your business more efficiently.