Sale and Leaseback offers customers the opportunity to release funds by selling their owned vehicle fleet to us. We then lease the vehicles back to them releasing valuable capital for their business to use.
- Frees up working capital tied up in vehicles
- Enables the vehicle fleet to be fully outsourced to the lease provider
- All of the operational benefits of contract hire apply (e.g. fixed price motoring, residual value and maintenance protection)
- For commercial vehicles, the VAT charged on the monthly lease payments is fully recoverable
- The leasing company will be able to obtain capital allowances on the transfer value of the vehicle and should reflect the benefit in the lease rate charged