Sale and Leaseback for Cars and Vans

It's a cash machine! - Sale and Leaseback - Contract Hire Agreement

Turn your company cars into company cash. If you own company cars, you will have a lot of money tied up doing nothing but carrying the risk of depreciation. No doubt that's a risk you would like to eliminate. That's where OVL comes in. We'll buy your company cars, then lease them back to you. This provides your business with all the benefits of contract hire and a welcome injection of cash, as well as the advantage of moving your fleet off balance sheet.

Here are the main benefits of a contract hire sale and leasback agreement:

• Increased company reserves - an instant cash injection for your business. The cash released through the sale and leasback purchase goes directly into your business and any outstanding car or van finance can be settled as well.
  
  
• Fixed monthly payments - simplified budgeting because you have a fixed monthly payment to make for each vehicle contract hire.
  
  
• Upgrade to new vehicles - at the end of the agreement, you can trade up to new vehicles with a new contract hire agreement.
  
  
• No depreciating vehicle assets - no need to worry about a depreciating asset.
  
  
• No vehicle disposal problems - the work, cost and risk arising from disposal of your company vehicles is removed and handled by the contract hire company.
  
  
• Maintenance can be included in the contract hire payments - a car or van maintenance package can be built into your contract which provides fixed cost maintenance. Your routine servicing and maintenance is then included within the contract hire agreement and there are no surprise fleet maintenance costs.
  
  
• One transaction - transfer your fleet to the contract hire company and immediately benefit from the administration and risk protection benefits of the fleet contract hire agreement.
  
  
• Balance Sheet - your car and van fleet can be removed from your company balance sheet. This reduces you company gearing and the cash can be used in other areas of your business.

If you would like more information please call us on 01491 615500 or email us at: leaseback@ovl.co.uk

Click here to get a tailored Sale & Leasback quote.

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