> Sale and leaseback your business vehicles and free up your cashflow
What is a sale and leaseback?
Many New Zealand businesses own their work vehicles, financed by either paying with cash or using other lines of credit.
The smart decision however is to lease these depreciating assets off FleetPartners and invest the surplus funds that are released to generate more profit in the business.
FleetPartners Sale and Leaseback programme is a straight-forward and practical pathway to delivering working capital back into the business, whilst also de-risking the fleet for the future by having FleetPartners manage all aspects of the fleet going forward.
A switch to leasing your fleet also frees your staff up from the day- to-day administrative burden of looking after work vehicles (servicing, repairs, WOFs, registration, RUCs, replacement tyres, windscreen repairs).
Here’s How A Sale And Leaseback Works
FleetPartners fleet experts will engage on a no obligation basis with any business that owns its vehicles outright or has vehicles under finance. We can work with just one vehicle through to a significant fleet.
We will undertake an assessment of your current fleet by gathering vehicle registrations, models, age, kilometres travelled, any fitted accessories and more.
We’ll gain insight into your business, discuss how your fleet is utilised and find out how your fleet can help achieve your business goals. Your goals may include objectives such as to replace aged vehicles with the latest vehicles choices, reduce costs, reduce emissions, comply with health and safety, or improve efficiencies generally.
FleetPartners then carry out a free fleet assessment and then deliver you a formal proposal to consider. This proposal will determine the economic and fit-for-purpose life left in each of your current vehicles along with a suggested course of action to mitigate risks and maximise fleet utilisation and efficiency.
This proposed plan may include a programme to swap out aged vehicles over the set timeframe, with associated financial impacts.
FleetPartners will then present a financial offer to purchase your fleet based on either current market value or your book valuation.
Once we agree on a purchase price, funds will be paid to the business in a lump sum within an agreed timeframe. The offer will include lease terms on the fleet which may vary from vehicle to vehicle, depending on the age and mileage and your business goals.
FleetPartners total solution includes the ongoing management of the fleet, which will be leased either via a Fully Maintained or a Managed
Maintenance Operating Lease. This means you can roll out one fleet policy to your drivers and your vehicles will be managed by fleet experts ensuring safety and cost controls are in place.
Customers will also enjoy access to fleet specialists who will provide tailored guidance on their fleet strategy, keeping up to date with the latest industry trends and information, while accessing benefits such as relief vehicles, discounted fuel cards and accident management.
If you are looking at your company car park and seeing only owned depreciating liabilities, talk to us to convert it to cash.
To find out more visit the www.fleetpartners.co.nz website or call 0800 438 435.
