Whether you need to finance just one car or a fleet of vehicles, you can count on our expertise
and experience for the perfect solution to meet your business needs.
Since vehicle ownership rests with the leasing company, operating leases don't show on your balance sheet. Lease payments are treated as an expense, making your vehicles simply a cost of running the business rather than a depreciating asset.
There are good reasons for removing the vehicles from the balance sheet. These include, improving the gearing level that you disclose, or to enhance your overall business performance ratios.
By making the choice to own your fleet, you will be fully aware of the depreciation you have already incurred. But add to that the servicing and maintenance costs of managing an aging fleet and you could be tying up capital that could be better spent in other areas.
With a FleetPartners Sale and Leaseback we can buy your vehicles and lease them back to you on a fully maintained basis. This removes any future risk and because they have been previously owned, you could unlock substantial reduced FBT obligations.
Find out how much your fleet is worth today.
Call us on 0800 360 966 to find out more, or send us an enquiry.
Funding vehicles and other assets can tie up a significant portion of your available credit facilities. The best use of an overdraft may be for day-to-day transactions (such as buying stock which is able to generate profit), while assets should be funded separately.
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