There are many incentives that encourage companies to consider Drivelease Sale and Leaseback deals including:
Immediate cash injection: The sale of your company fleet allows you to put money into other areas of your business.
You remain in day-to-day control of your company fleet once sold.
Improvement of balance sheet through the sale of fixed assets.
Further depreciation and re-sale concerns are removed: You no longer have to worry about the future of your company fleet or its disposal.
Simpler budgeting: A contract hire agreement will allow you to deal with fixed monthly payments. You can also take out maintenance packages so your only concern is fuel and insurance for the fleet.
New for old: Through sale and leaseback you can establish a contract hire agreement which allows you to replace the vehicles with new vehicles at the end of the contract.
The downside to sale and leaseback is straightforward – you lose ownership of the vehicles. They are no longer your property and therefore the value of your assets is decreased.