Sale and leaseback

Leasing your business-owned fleet back to you

How it works

We could purchase your business-owned fleet vehicles and lease them back to you through one of our funding products.

Benefits

  • Release capital to use elsewhere in the business through the sale of vehicles
  • Flexible contract terms: minimum 6 months - maximum 60 months
  • Associated risks of vehicle ownership, such as depreciation, are removed
  • Stability of regular monthly payments
  • Add maintenance and fleet management for an extra cost
  • Range of funding methods available

Eligibility

  • Businesses must have been trading for a minimum of two years
  • Subject to status, application and necessary credit acceptance
  • Available only to cars, vans, flatbed trucks up to 3.5 tonnes and 4x4/SUV requirements. 
  • We are unable to assist with HGVs, agriculture machinery, motorbikes, camper vans, couriers, driving schools, chauffeurs, or hire and reward
  • Maximum quotable contract mileages: Cars - Petrol 120,000 miles, Diesel 150,000 miles. LCVs - Petrol 150,000 miles, Diesel 180,000 miles

Tax information

  • Cars normally sold as non-VAT qualifying
  • Commercial vehicles normally sold as VAT qualifying
  • VAT on rentals of leased cars subject to a Sale and Leaseback is fully reclaimable by you subject to VAT status
  • Leased cars are treated as a disposal of the car for tax purposes by the customer with capital allowances being claimed by Lex Autolease after the date of transfer
 

Want more detail on sale and leaseback?

Speak to one of the team. 

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