Lookers Leasing will buy your existing vehicle fleet for an agreed price and lease the same vehicles back to you for a fixed monthly rental. We agree with you the purchase price that we will pay for the vehicles and then work out the rentals based on the future term and mileage plus any maintenance pack required. This frees up capital to be used in other areas of the business, while at the same time transferring the risk of depreciation to us.
Significant benefits can be gained from entering into a Sale and Leaseback agreement.
- You continue to use the same vehicle as before but you no longer have to be concerned about the depreciation and the risk of loss on disposal.
- You reduce the administrative burden of running a fleet and benefit from our buying power and experience.
- Increased cash flow into your business, allowing for investment in your business activities
- Eliminating the risk of changeable residual values
A Sale and Leaseback agreement can be used to fund any type or number of vehicle from a car to a commercial vehicle up to 3.5 tonne.