Sale/Lease Back
If you have recently paid cash for your trucks, vehicles or equipment within the last 12 months and your accountant advises that finance would have been a better option, don’t worry it’s not too late to enter into finance arrangement. This will put the cash back into your business and provide certain fixed monthly repayments rather than a huge dent in your cashflow and bank balance.
Sale and Lease back can apply to items purchased within the last 12 months and often a valuation may need to be obtained from when financing under a sale and lease back proposal.
Benefits
Customers can purchase equipment to secure the sale, whilst allowing them to be reimbursed for the purchase from the lender at a later stage.
Cash can be raised for working capital purposes from ownership of other assets.
Cash is paid directly to customer’s bank account.
Lease backs can help in the event of a mechanical repair such as engine rebuilds.
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