WesBank is the largest provider of vehicles in finance for the purchase of vehicles in Namibia.
Vehicle finance can be arranged through any FNB branch.
Choose from four basic methods of vehicle finance
Instalment Sale - you repay the goods over a period of time, and the seller charges you interest on the amount still to be paid.
Suspensive Sale - similar to an instalment sale, but ownership of the goods will only pass to you once the 'suspensive condition' of full repayment has been made. A business entering into a suspensive sale agreement may claim the interest paid as a business expense.
Lease Agreement - you pay the seller a series of rental amounts over a predetermined period, with the option to buy the vehicle at the end of the term.
Rental Agreement - similar to a lease agreement except that you do not normally have the option to buy the vehicle at the end of the term. In addition, VAT is not added to the purchase price but is charged on each rental payment.