Sale and Leaseback
Sale and leaseback.
Owning your fleet used to be a viable option for cash-rich companies but the recent steady fall in second-hand car values is leaving fleet owners exposed to unexpected losses. As a result, increasing numbers of companies are turning back to contract hire instead. The Sale and Leaseback facility allows these companies to switch their entire fleet immediately to contract hire without changing a single vehicle.
How does it work?
We can buy your existing fleet from you using recognised industry guidelines for valuations. We retain ownership of the vehicles but lease them straight back to you under a contract hire agreement that suits you. We take on all of the risk of resale and falling second-hand vehicle values.
Benefits.
Releases capital tied up in the fleet, which can be redirected to your core business.
Eliminates the risk of depreciation and hassle of disposal.
Makes budgeting easier since you pay a fixed monthly amount under your contract hire agreement.
Gives you the option of including maintenance costs, relief vehicles and breakdown cover in the fixed monthly payment.
Improves your company’s borrowing potential.
Allows an immediate change to contract hire without any operational implications for you and your drivers.
All the normal benefits of contract hire.
Sale and Leaseback usually makes far more financial and administrative sense than a gradual changeover to contract hire as and when vehicles are replaced. Our Sale and Leaseback scheme allows you to use our considerably commercial power and expertise to make your fleet run more efficiently and cost-effectively.