Inverter financing - any ideas

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zebra

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Hi Guys - Flying Brick will shortly need to finance an invertor, to run our critical power needs (only) at a cost of roughly R75K.

Rung Small Business Development Corp, who did not answer their phones.... 😣

Looking to finance a purchase, and wondering if ANYONE (organization) is offering low-interest finance to help finance an inverter, which is, in effect, a 'grudge' purchase?

Govt has not announced ANY assistance in financing, as far as I am aware of?

Will speak to our banks (FNB & Capitec), but their might be other 'go-to's' out there I am unaware of?

thanks
Chris & Team
 
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Chris, throwing this out here, and NOT trying to "punt" my game.

I re-financed a Client's Car that he used for Business, we "raised" R 250000, with that he bought a complete, nice solar setup for his house.

He is now saving R 4000/ month on tricity, and he has a tax deductible Expenditure.

Dunno if this would be an option for Everyone, but it definitely was for him.

So.......Finance , or then Re-Finance (even if you have an existing Settlement) any "easier to finance" asset, in your case a Business Vehicle, for instance, you still have that tax benefit, and you have "cash in hand" to then use for whatever you need.

Like I said, not punting, just an option.

Interest rates fluctuates, MANY variables, but anything between 9 and 12.

Search "Oostfin" to get an idea. It's a subsidiary of Oosthuizen Motors, everything 200% above board, approved at Banks, the whole katoot. No funnies.
 

Brewed_Coffee

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Hi Guys - Flying Brick will shortly need to finance an invertor, to run our critical power needs (only) at a cost of roughly R75K.

Rung Small Business Development Corp, who did not answer their phones.... 😣

Looking to finance a purchase, and wondering if ANYONE (organization) is offering low-interest finance to help finance an inverter, which is, in effect, a 'grudge' purchase?

Govt has not announced ANY assistance in financing, as far as I am aware of?

Will speak to our banks (FNB & Capitec), but their might be other 'go-to's' out there I am unaware of?

thanks
Chris & Team
Your bankers - similar to buying a car.

Eg. we think of Wesbank as a motor finance house but in reality it's Asset Finance .......
 
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Good feedback - thanks, had contacted Wesbank - their loans start at R125K, but definitley an option...
(y)
Ja Wesbank etc etc all offer lots of different assets, even cash loans. I think they call it "Cash Power"......but MOER expensive I think.
Eg Yellow Metal, Agri, Aviation, Leisure, Truck, ...... really LOTS of different categories.
But Chris ja, PM me if you want, or WA, or whatever - I'm no financial expert, but we do work with the stuff on a daily basis.
Even if just for advise - hope I can give some.
 

MegaPix

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I have been in finance for long. There are a few second tier funders that specialises in solar and inverter finance.
You can send me a message and I can assist
 

m0lt3n

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Interesting this.

I also noticed these advertisements to finance solar, called and got offered 16%.
So now I have zero savings, zero cash and lekker credit card debt. Smiling all the way though
 

Merino

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Hi Guys - Flying Brick will shortly need to finance an invertor, to run our critical power needs (only) at a cost of roughly R75K.

Rung Small Business Development Corp, who did not answer their phones.... 😣

Looking to finance a purchase, and wondering if ANYONE (organization) is offering low-interest finance to help finance an inverter, which is, in effect, a 'grudge' purchase?

Govt has not announced ANY assistance in financing, as far as I am aware of?

Will speak to our banks (FNB & Capitec), but their might be other 'go-to's' out there I am unaware of?

thanks
Chris & Team
ABSA adverteer aan ons 'n lening wat gelykstaande is aan jou huidige krag rekening. Dit klink vir my na 'n goeie opsie.
 

Fudmucker

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If you have a mortgage bond on your home with a substantial portion paid back, you can re-schedule the loan to raise capital.
I did that a few times to finance extensions and upgrades.
 

the_BOBNOB

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Have a look at these options:

If you just want loadshedding backup:

You pick your inverter, you pick your battery and how many you want, you add installation and they give you a price and monthly payment option.

If you want to go solar:

Same deal but you need to register with City Of Cape Town which they will also do if you add that option.

So this is a very easy to get a full price with financing - not sure how competitive it is.
 
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