Sale and leaseback

February 10, 2020

After staff, an organisation’s vehicle fleet is often the largest cost for a business. The time and energy devoted to sourcing, maintaining and disposing of vehicles –often diverts resource from core business activities.

Add to this the administration of a fleet, the assessment of risks associated with vehicle depreciation and maintenance costs, and it can quickly become clear why we have created a solution that helps address these for you.

By selling your currently owned fleet to us, we can lease it back to you for a fixed monthly vehicle rental.

What are the benefits?

  • Greater control over fleet costs - One fixed monthly rental can include a vehicle, breakdown cover, Road Fund Licence, service and maintenance package and access to our dedicated DriverLine for all of your driver needs.
  • Removes the risk of ownership - We take on the risk of depreciation by calculating the expected mileage and fair wear and tear over the agreed length of the Business Contract Hire agreement to generate our predicted value at the end of the contract, which we then factor into the monthly rental.
  • Capital injection - Enabling you to clear any debts and invest in other areas of the business

What’s included?

All of our Business Contract Hire agreements include Road Fund Licence and LeasePlan Assist, our European breakdown recovery service as standard.

Depending on the age of the vehicles we may be able to include our comprehensive Service and Maintenance package. This includes manufacturer recommended servicing, a no quibble tyre policy and general fair wear and tear maintenance for peace of mind.

All of these services are available via our dedicated DriverLine that’s open 24 hours a day, 365 days a year.

Complete transparency

  • Sale and Leaseback is available for batches of 20 vehicles or more and subject to our discretion
  • Business Contract Hire subject to status and credit acceptance.
  • This is an operating lease hire product so you will not own the vehicle and there is no right of purchase at the end of the contract
  • Minimum duration is 24 months and 6,000 miles per annum.
  • Service & maintenance package is available subject to age and mileage.
  • Service and Maintenance package includes: general fair wear and tear maintenance and manufacturer recommended servicing. It excludes: misuse, accident damage and vehicle glass.
  • If the vehicle exceeds the contract mileage an excess mileage charge will apply.

Want to find out more?

Our team of vehicle and leasing experts are on hand to help you select the right vehicle for the right job, backed by the right fleet management services to support your business. Contact us today!

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