How it works
If you currently own your vehicles outright but are looking to switch over to contact hire to gain from its wide range of benefits, sale and leaseback offers a quick and easy mechanism to do this.
You sell your vehicles to us for an agreed value then lease them back over an agreed period of time. In return, we take on the vehicles’ ownership as well as the risk surrounding their disposal.
At the end of the contract, we collect the vehicles from you. All you need to do is ensure that vehicles are returned in line with the agreed age and mileage and in an appropriate condition. We bear the risk for the vehicles’ resale values.
This protects you from any fluctuations in used car values while fixed monthly repayments also shield you against future interest rate rises.
In addition, a full maintenance package can be added on to cover servicing, maintenance and repairs under fixed monthly payments that protect you from any further nasty surprises.
Other cost benefits include VAT reclaim and the ability to deduct rentals against corporation tax. And of course your business will benefit from an immediate cash injection to your business that can be used for core business activities.