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Why Lease

Call 0735721602 / 0724256665

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.

Leasing

whylease01

Minimal initial expenditure , the cars can be obtained with minimal dent in cash flow.

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Leasing can be deducted as a business expenditure on your tax return, reducing the net cost of leasing.

Buying

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Initial cash layout is high as buying will attract a down payment affecting the cash flow.

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Cost of purchase will be capitalized and not tax deductable.

Benefits of leasing:

 

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.

 

Tax Benefit;
leasing monthly rentals can be expensed on the balance sheet hence your company derives a corporate tax benefit.

 

Planning:
with the lease agreement clearly laid out, transport coss can be forcast and budgeted for.

 

Disposal:
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.

 

Corporate image:
with leasing yo have the option of driving the newest and latest models, which is a boost to yor corporate image.

How leasing works.

  • oneThe lessee selects the type and model of the assets it wishes to lease and the lessor gives quotation for lease, based on requirements, for approval by the lessee.
  • twoThe lessor and lessee then agree to abide by a master lease and service agreements.
  • threeThe lessor purchases the assets on behalf of the lessee and arranges for registration, motor insurance and other statutory requirements.
  • fourThe lessor arranges for the branding, type of body etc for the asset if so required by the lessee and at a mutually agreed costs.
  • fiveThe lessor then hands the asset over to the lessee for its use, and the lease period begins immediately thereafter.

Our Products

  • VEHICLES
  • MOTORCYCLES
  • SDMO GENERATORS