Slide 1
WE OFFER
RENT TO OWN FINANCE
RTO is a month-to-month contract that allows you to rent an
asset with the option to take ownership after the pre-determined rental period.

Allow us to help you get the finance you need

We provide proper safety and security

Fast and reliable

Quality Without Questions

About Us

Quest Capital Solutions

Our business model is on a Rent-To-Own (RTO). RTO is a month-to-month contract that allows you to rent an an asset with the option to take ownership after the pre-determined rental period. Clients will enter into a Rental Agreement between Quest Capital Solutions and themselves for the usage of the assets. We will issue our clients monthly tax invoices on which they can claim monthly Value Added Tax (VAT). This means that ownership of the asset will remain with Quest Capital Solutions Ltd up until either the asset is purchased from us or at the end of the client’s contract where clients will have the option to purchase the asset at the nominal value if all payments are up to date. The option to purchase the asset is at the absolute discretion of the directors of Quest Capital Solutions.


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Financial information needed for approval

  • Last 3 months bank statements
  • Most recent management accounts and latest financial statements
  • Company documents
  • ID(s) and proof of address of Director(s)/member(s)
  • Asset Register – if applicable
  • VAT Certificate
  • Proof of address of business
  • Credit checks will be done
Please send all the information to This email address is being protected from spambots. You need JavaScript enabled to view it. with your contact details.

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Once approved

Once a client is approved and accepts the quote the below process is to be followed:

  • Master Rental Agreement must be signed and witnessed
  • Debit order forms to be signed
  • Suretyship document to be signed – if applicable
  • If necessary – resolution for appointed officer/director/member to sign on behalf of a company to be signed
  • A 10% - 30% deposit to be paid before delivery of asset
  • Confirmation of insurance to be sent to Louise with Quest Capital Solutions noted as owner and the finance house as title holder (if applicable)

What is the benefit of Renting-To-Own?

    • Credit risk is shared between Quest Capital Solutions and the client
    • Tax deduction for rental amounts
    • More flexibility – client has the option to return the asset at any given time – subject to penalties that might apply
    • Convenience – client can trade in or take on any new assets – subject to approval by management
    • No lengthy credit applications compared to normal banking applications

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Frequently asked questions

The deposit will not be refunded back to client. Client will get the benefit of a reduced rental amount per month factoring in the value of the deposit. At the end of the contract, if there are no arrears on the client’s account, we will transfer the asset to the client by issuing a tax invoice to the value of the deposit. Client will ONLY pay the VAT portion over to us and we will start the process of registering the asset in the name of the client. This is where ownership will transfer from Quest Capital Solutions to the client.

The asset belongs to Quest Capital Solutions. Since the asset belongs to us, we will record the asset in our books and depreciate it over the term of the Master Rental Agreement. Only once the asset is purchased from us, will ownership transfer to the client. Only then can client’s record the asset in their books.

During the rental period, the client only records the monthly tax invoices in their Income Statement.

The asset belongs to Quest Capital Solutions. Since the asset belongs to us, we claim the VAT on the cost of the asset at the purchase date.

During the rental period, the client can claim VAT on the monthly rental tax invoices issued to them.

A quote will be issued to the client, factoring in any arrears or any “rouwkoop and liquidation” expenditure. If client agrees to the purchase price quoted to them, a valid tax invoice will be issued to the client. Once payment has been received, we will start the process of transferring the asset from our name to the client’s.

If client no longer wants the asset, the asset will be returned to us. Client is still liable to pay rentals up until the asset can be placed with another client or sold. Any selling costs to get the asset in a condition to be replaced or sold will be charged to the existing client.

At inception of your Master Rental Agreement, an Amortisation Schedule will be given to the client whereby client’s will see the purchase price reduce by the rental amounts paid per month. This is an indication of what will be charged at any given point in time during the rental period. This is just an estimation as the final purchase price is determined by the directors of Quest Capital Solutions who will factor in additional costs such as:

  • Any arrears on customer account
  • Repair and maintenance costs

THIS IS BY NO MEANS AN EXHAUSTIVE LIST.

The cost of any maintenance on the assets is wholly and solely paid by the client who rents the asset. Client is responsible for the upkeep of the assets and to ensure that annual COFs are performed.

Client is responsible for insurance costs on the asset.

Client is responsible for annual license costs as well as any traffic fines incurred. As the asset belongs to Quest Capital Solutions, we will pay on behalf of the client for any licenses and/or fines and will pass these costs onto the clients by way of an invoice.

  • Credit risk is shared between Quest Capital Solutions and the client
  • Tax deduction for rental amounts
  • More flexibility – client has the option to return the asset at any given time – subject to penalties that might apply
  • Convenience – client can trade in or take on any new assets – subject to approval by management
  • No lengthy credit applications compared to normal banking applications

Let us help you get the finance

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Contact Info

Our Location:
9 Bell Street, Stikland Industrial, Bellville, Cape Town, 7530
Email
This email address is being protected from spambots. You need JavaScript enabled to view it.
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Company Info

Our business model is on a Rent-To-Own (RTO). RTO is a month-to-month contract that allows you to rent an asset with the option to take ownership after the pre-determined rental period.

Address

9 Bell Street, Stikland Industrial,
Bellville, Cape Town, 7530

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