Funding

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
GET IN TOUCH

Useful 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


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

 

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