A sale and leaseback involves selling any existing vehicle you might have purchased outright to a leasing company, who will then lease them back to you at a fixed monthly rate.
The immediate benefit of this is the capital injection you get into the business from selling the vehicles, whilst still retaining the benefits of a company fleet. This enables you to invest in key projects you might be working towards, and benefit from the support and knowledge of a fleet management company.
As with contract hire, there are financial benefits from switching your vehicles to this method of funding, including easy budgeting, VAT recovery and the risk of depreciation is removed.
To find out more about our Fleet Funding options call 01332 267 389 or email the team.
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