Sale and Leaseback

This is an excellent option that can swiftly release the capital tied up in your fleet. The process starts with an evaluation of your fleet and current vehicle replacement parameters, to arrive at an accurate re-sale value.
We have the flexibility to balance this amount, in line with your current written down value or current market value. There are many benefits in a sale and leaseback package from Allen Fleet, they are:

Eliminates Risk of depreciation & residual losses on disposal
Improves budgeting
Removes fleet from balance sheet
Full maintenance available immediately

The release of capital enables additional investment in business or a reduction of borrowings, as well as virtually eliminating the administrative burden and associated costs. The quotation is concise, including purchase price, rental and service costs, estimated mileage per annum and length of term. Allen Fleet Services will also provide an exact purchase price for all vehicles that fall outside your replacement parameters.

Example

You may not realise that you can release the equity in vehicles and instantly use this capital as vital cash injection into the company, often eliminating the pressures put on business by their bankers.
This cash injection could then be used for things such as facilitating growth, a large marketing project, sales drive, relocation costs, or to reduce the other borrowings that are not as cost effective or as tax efficient as the sale and leaseback option.