At Lamna, we offer fast, easily accessible finance for new and used trucks in South Africa, making it possible to grow your business.

Many businesses rely on a fleet of vehicles to operate. Ideally, this fleet needs to grow as the business expands.

Buying a brand new vehicle can be costly – but there are more finance options than most people realise.

Our model for financing trucks and trailers

Our straightforward financing model makes it possible for businesses to expand their fleet at short notice. For example, a new and lucrative contract might require extra vehicles that would take too long or cost too much to secure by traditional means.

With Lamna, your business can get the funds to purchase trucks and trailers, with no restrictions on make, model, age or mileage.

Benefits of truck finance from Lamna:

• quick approval and fast access to finance
• flexible payments terms from 6 months to 3 years
• vehicle tracking and insurance included for the duration
• the option to buy the vehicle outright at any time with no penalties
• the option to refinance using other assets your business owns.

Why choose Lamna transport finance over a bank loan?

Bank loans for vehicles can be complicated and potentially time consuming to secure. Vehicle finance through a bank isn’t usually available for vehicles over the age of 5 either.

Lamna’s model doesn’t put any limit on the age of the vehicle as long as it is well maintained and in good condition.

Our application process is also a lot faster and simpler. You can even start the application process online or send a WhatsApp to 068 725 9701.

Renting vs. buying a truck

When businesses are looking to expand their fleet, they have the option to buy or to rent a new truck. Both of these options have their own pros and cons.

Renting a truck doesn’t require a large upfront expense like buying a truck does. However, at the end of your lease agreement, you won’t own the vehicle and will have to return it.

When you rent a truck, you generally get a newer model that is well maintained and reliable but on the other hand, this can make the monthly rental fee very high when compared to repayments on an older vehicle.

Renting doesn’t always require a down payment like buying sometimes does making upfront costs lower but no matter how much you pay for a rented truck, you will still have to return it one day.

A more flexible, “best of both” solution

Lamna’s finance for new and used trucks offers many of the same benefits as renting or buying, making it an attractive “best of both” alternative.

Insurance and tracking being covered by us makes it similar to renting because these aren’t expenses or hassles you need to worry about for the repayment period.

There’s no need for a big initial outlay much like renting, except the vehicle will one day be yours instead of just pouring rental money into a vehicle that you have to give back.

If you want to save on interest and no longer worry about repayments each month, you also have the option to buy the vehicle outright at any time without any penalties or hidden fees.

Requirements for getting truck or trailer finance

To qualify for truck of trailer finance from Lamna, your business needs to be registered and tax compliant.

You will also need to supply annual financials or management accounts, three months’ bank statements, a tax clearance certificate and any applicable contracts or tenders with your completed application form.

Next steps for getting truck finance

If your business meets the requirements, these are the next steps involved:

• apply using our online contact form (or call us or WhatsApp on 086 111 2866)
• we process your application within two working days
• we pay the seller on delivery of your fleet vehicle(s)
• repay monthly over a flexible term, from 6 to 36 months.

For more information about finance for new and used trucks from Lamna, please visit our transport finance page or call us on 086 111 2866.