Rent-To-Own
Rent-To-Own
QUEST CAPITAL SOLUTIONS
CTS Trailers (Pty) Ltd is the preferred dealership of Quest Capital Solutions (Pty) Ltd. Most of the assets will be supplied by CTS, new and used assets.
RTO is a month-to-month contractual Rental Agreement of a Truck and/or Trailer for a pre-determined rental period, at the end of which, the Renter has the option to buy the asset. A minimum deposit of 10% will be applied to reduce their monthly instalments.
Clients will enter into a Rental Agreement between Quest Capital Solutions (Pty) Ltd and themselves for the exclusive usage of the asset(s) for the full term of the rental agreement. Our clients will be issued monthly tax invoices on which they can claim monthly Value Added Tax (VAT).
Ownership of the asset(s) will remain with Quest Capital Solutions, 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.
The client is liable for new registrations, annual license costs, traffic fines incurred, and a Valid Roadworthy Certificate (COF).
The client is responsible for maintenance/breakdows on the assets.
All clients need to apply for pre-approval before RTO finance can be approved.
How to apply for RTO Finance?
STEP 1
Submit the following documents for pre-approval:
- Latest 3 Months Bank Statements
- Most recent Management Accounts and latest Financial Statements
- Company Registration Documents / CIPC Documents
- ID(s) and Proof of Address of Director(s) / Member(s)
- Credit checks will be done
- Customer & Supplier Age Analysis
Please email all documentation and contact details to info@qcapital.co.za
Step 2:
Once pre-approved, SUBMIT the following:
- Asset Register
- SARS VAT Certificate
- Proof of address of business
STEP 3
Subject to final approval:
Once credit checks have been conducted, approved and on acceptance of the quote(s), the following are to be completed:
- Master Rental Agreement to be signed and witnessed
- Debit order forms to be signed
- Suretyship document to be signed
- A resolution to be drawn up, and signed by all Directors, for the appointed officer/director/member to sign on behalf of a company (if applicable)
- A deposit is payable before delivery of the article(s)
- The assets are to be Comprehensively insured. Interest is to be noted with Quest Capital Solutions (PTY) Ltd as the Registered Owner, and the Financier as the Title Holder.
- The client is liable for new registrations, annual license costs, traffic fines incurred, and a Valid Roadworthy Certificate (COF).