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Can a Vehicle Sale/Leaseback Help my Business?

Jul 09, 2020 | Posted in Jim Pattison Lease

Definition

Vehicle Sale/Leaseback – A sale/leaseback is a service where a fleet management company purchases your company vehicles for a pre-determined amount and leases it back to your company. Sale/leasebacks can be done with either company owned vehicles or vehicles that are currently leased or financed through another lessor/lender.

Overview

These days, managing cash flow and releasing cash back into your business are important steps in the sustainability and growth of your business. A sale/leaseback can be a valuable option for fleets of all sizes to help improve cash flow while lowering total fleet operating costs.

Some of the benefits of a sale/leaseback include:

  • A sale/leaseback can release capital back into your business. If vehicles are owned, tapping into the fleet as a source of cash is the most common reason companies consider selling their fleet and leasing it back.
  • Consolidate to one fleet management partner for all your vehicle needs.
  • Take advantage of services fleet management companies offer including vehicle acquisition, fuel management, maintenance management, analytics, and vehicle licencing.
  • Utilize a fleet management company’s expertise with effective vehicle cycling/remarketing. Click here to learn more about best practices on vehicle cycling
  • Potential reduction in income taxes and improved balance sheet performance.
  • Ability to potentially secure or utilize other credit lines for business operations and growth.

Summary

While a sale/leaseback can be a valuable option to help improve cash flow and reduce overall fleet operating costs, it might not be the right solution for all vehicle fleets. To learn more about sale/leasebacks or other services that can help you better manage your fleet of vehicles safely and cost-effectively, contact us today.

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ANNOUNCEMENT
During this time, our team continues to be available to fully support your business fleet needs remotely and our pre-owned vehicle sales locations are available by appointment only.
For details on our COVID-19 safety protocols, click here.

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