Zero Early Return Cost lease program
VAELL has launched Zero Early Return Cost lease program dubbed ‘Time Share’ to help businesses and individuals withstand fluctuating business environment. We become the first company to implement lease break program for SME’s and the broader market in the region and is expected to bring new development to the ordinary lease. The existing lease locks clients throughout the lease period without an exit plan. Many people feel the lease is cost-demanding because you have to pay for the asset even when not using it. The idle equipment turns to be a liability rather than an asset, lowering profit margins. In finance lease you cannot take a break while servicing a loan. When loanee fails to pay the banks the agreed amount they face the risk of their assets being repossessed.
Relief to Our customers
Individuals and institutions which only require assets services during peak seasons fear incurring losses while paying for the asset once the demand goes down. Hence, the new lease will gives you an opportunity to lease the asset at a time of demand and return to the lessor after the use. This comes as a sigh of relief to businesses that are seasonal as the product allows clients to return assets until such a time a contract is renewed.
This will provide break options for our clients and is in compliance with the new IFRS rules. We have not attached legal demands when a client decides to take a break before the lease maturity. If your business is seasonal, why should we lock you in?
This lease program is very flexible and allows clients to end their leases early without penalties. This offer may create substantial equity for VAELL customers.
Why Time Share
Time Share is designed for companies and individuals to free their leases from financial commitment should their personal circumstances change unexpectedly, for instance if their contract or tender is cancelled suddenly. It enables the lessee to hand the asset back, without the worry of funding the difference between the market value of the vehicle and the outstanding finance settlement amount. Life is full of changes. The chances are that some unforeseen event and challenges resulting in a change to financial situations may happen at some stage during the term of a lease agreement.
Change of Business Environment
We understand fluctuating business environment and we would like to help our clients. With Time Share, customers get to match their machinery requirement with not only their long term needs but also their short term needs and pay absolutely zero rest lease fees.
The company has placed various units into the program. This program will benefit VAELL’s clients in various African countries including Kenya, Uganda, Tanzania, Rwanda and Southern Africa Market.
For more information contact us
Quipbank Centre, Mombasa Road.
P. O. Box 4977 – 00200 Nairobi,
Tel: +254 731 440 832
Or visit any of our regional offices