Asset Finance
Quick Answer
What is Asset Finance?
Asset finance is funding for a specific vehicle, machine or equipment item, where the asset itself secures the loan.
Asset Finance explained
Because the funder can repossess the asset, approval is easier than unsecured lending. Structures include instalment sale (you end up owning it) and lease.
Who it applies to: Businesses buying equipment or vehicles.
Cost: Deposit 0-20% plus instalments with interest.
Related terms and guides
Official source: Gov.za
Always verify this information with official South African government sources. Rules, fees and thresholds change. Check SARS, CIPC, the Department of Employment and Labour or gov.za before you act.
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Last reviewed: September 2026 by the BizAnswers editorial team. How we write and check our guides.