We help corporate, individual and SME clients acquire their movable assets and equipment. These range from personal cars, fleet of vehicles, boats, motorcyles, office equipment, generators, UPS & Surge protectors, barcode readers, touch screens, bill counter, IT equipment, dry cleaning machines, cold rooms, freezers, lifting equipment, frozen trucks, water pumps, small agricultural equipment right through to industrial machinery and much more. Depending on your specific needs, we can provide you with a full range of tailored leasing solutions.
The lessor is the legal owner of the asset; the lessee obtains the right to use the asset for a given amount of time, in return for regular rental payments.
Types of leases
Our three main types of leases are as follows:
A finance lease agreement stipulates that the client (the lessee) has to repay regular fixed repayments to the leasing company (the lessor) over a set time period. It allows the lessee to make full use of the assets and disclose same in its books as it has the option of obtaining the ownership title of the asset at the end of the lease period. This is done by making a final payment to the leasing company for its residual value.
These are lease contracts that allow the use of an asset by the lessee but do not convey him similar rights to that of owning the asset, which remains with the lessor (the leasing company). These lease agreements therefore stand effectively as rental contracts between the client and the leasing company.
Sales and Leaseback services
A sale and leaseback agreement is used when a client has an existing asset that he/she uses regularly, but requires immediate cash for other projects. The client enters into an arrangement with SPICE, whereby he/she sells the asset to us, and we immediately lease it back to him/her under specific conditions.
Your monthly repayment: