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Ryce leasing as a division of Ryce East Africa started in 2006 after identifying the benefits that current customers could get by leasing Vehicles instead of buying.
Ryce Leasing has the capacity to provide whatever number of vehicles required by our clients.
Ryce leasing has partnered with Large Corporate, FMCG Distributors, Banks & Financial institutions International Schools, resulting to a fleet of over 300 vehicles from Ryce Leasing.
Minimal initial expenditure , the cars can be obtained with minimal dent in cash flow.
Leasing can be deducted as a business expenditure on your tax return, reducing the net cost of leasing.
Initial cash layout is high as buying will attract a down payment affecting the cash flow.
Cost of purchase will be capitalized and not tax deductable.
Concentration of capital.
In a company where the core business does not involve vehicles ,it is better to lease and let your capital be utilized to grow and expand your business
Fleet management and Maintenance;
Ryce Leasing insures and maintains the vehicle as per the lease agreement, The customer fuels and only pays for costs occasioned by negligence. Operational issues like fleet management and maintenance are handled for you.
leasing monthly rentals can be expensed on the balance sheet hence your company derives a corporate tax benefit.
with the lease agreement clearly laid out, transport coss can be forcast and budgeted for.
After the lease periodthe vehicles simply go back to the lessor as per the agreement, removing the burden of having to dispose of the vehicles.
with leasing yo have the option of driving the newest and latest models, which is a boost to yor corporate image.