Vikfin (Pty) Ltd is a South African company focused on earthmoving machines and financial coaching.  We are divided into 3 divisions:

 

1. Sale of used OEM parts for excavators, ADTs, dozers, and other earthmoving machines

2. Sale of complete earthmoving machines

3. Education through our daily blog

​

At Vikfin, we are guided by the following FIVE principles:

​

Principle 1: Complete Customer Focus

​

Vikfin is completely independent and this allows us to focus exclusively on the needs of our clients. This is embodied in our slogan "Flexible, Fast, Friendly, Affordable".

Principle 2: Renting is Better than Owning​

​

The world's concept of ownership is changing. South African companies have traditionally purchased yellow metal equipment outright.  There is, however, the emergence of an increasing trend toward alternative funding methods that do not require large capital outlays. While purchasing equipment outright gives businesses the benefit of ownership, when it comes to yellow equipment, this benefit may be outweighed by those offered by alternative funding options. In the current climate, companies are seeking to improve their cash flow, which means that capital expenditure needs to be cut wherever possible. There are various options available to companies that can minimize risk and maximize cash flow.

​​​

Principle 3: Used is Better than New

 

With so much high-quality used equipment on the market at any given time, there’s really no need to go for new equipment. There are three reasons why used equipment is better than new. Firstly, lower cost.  The cost of one new piece of equipment could equate to two or more used pieces, depending on availability and demand. Secondly, you avoid the initial depreciation. New heavy equipment is no different from new cars in that the minute you drive them off the lot, they depreciate in value – as much as 20 to 40 percent in the first 12 months. Thirdly, used equipment holds its value. Although used equipment has depreciated, it can hold its value if it’s well-maintained. When it’s time to sell, it’s actually possible to get close to what you paid if you sell at the right time, to a market where your equipment is in demand.

 

Principle 4: Have Lots of Insurance
 

No one likes to buy insurance.  It is not an impulse buy. No one is filled with joy and satisfaction when their insurance policies need to be renewed.  We don't want insurance but we know that we need it. It is prudent to transfer specific risks to a third party. You take enough risk in your business – it is not prudent to expose yourself to additional risks that can easily be covered. If you do not insure the risks over which you have no control, you are placing your business at risk.

​

Principle 5: Get Educated

​

​At Vikfin, we're committed to not just providing top-quality refurbished OEM earthmoving parts but also to empowering our clients with knowledge. Our daily blogs serve as a cornerstone for this mission, offering expert insights into machine maintenance, operational efficiencies, and industry best practices. Written by seasoned professionals, these blogs are designed to help you keep your machinery running smoothly and your business ahead of the curve. Stay informed, stay ahead – dive into our daily educational content and transform the way you manage your fleet and operations. Join our community of savvy business owners and operators who make informed decisions every day with Vikfin by their side.