Buying, finance, delivery and warranty
What type of finance is it, and do I own the ozone sauna at the end?
South Africa onlyOur South African option is a trade rental, not a loan. VAT is levied on the rentals and VAT-registered businesses can claim it back from SARS. Ownership can transfer to you at the end of the term for an additional three months' rental, and you can discuss early settlement with us at any time.
It is a rental. The benefits:
- no large capital outlay at the start
- the rental is deductible as an operational expense
- 48 hour approval
- no need to save up capital before opening
- a less strict assessment than a bank’s
Confirm the tax treatment with your own accountant.
VAT. VAT is levied on the rentals and must be paid. If you are VAT registered you claim it back from SARS in the ordinary way.
Ownership at the end of the term. Ownership can transfer to you for an additional three months’ rental.
Early settlement. You can discuss early settlement with us at any time.
Who is billed. The applying company need not be the user of the sauna and need not be in the health or beauty sector, but the repayments are debited from the company that took out the finance.
What comes with it. Business clients receive our support package alongside the sauna — manuals and training, client intake and consent forms, a listing on our outlets site, vouchers and marketing assistance, and ongoing access to support.
Modelling the cost. Work in months: total rental over the term, divided by your net margin per session, divided by the sessions you realistically run each month. The rental amount and term for your model are quoted with the model.