Lex publishes leaseback guide
14 November 2006
Author: John Mahoney
Leasing giant Lex has published a new guide to help companies free up valuable cash from its outright purchased fleet.
The guide, aimed at fleets of any size, takes companies step-by-step through the process of sale and leaseback - the process of selling your fleet of vehicles directly to a leasing company and then subsequently leasing them straight back.
Leaseback has many advantages to fleets - not only does it liquidate funds quickly, it also mitigates the risks associated with residual values on disposal, reduces administration costs, and takes away a depreciating asset from your company's balance sheet.
During 2006, Lex saw at least five mid-sized fleets and two large fleets of more than 500 vehicles opt for leaseback solutions.
The leasing firm also highlighted recent Datamonitor research that found more and more companies are shifting away from outright purchase schemes, favouring contract hire instead.
To download a free copy of the sale and leaseback guide go to www.lex.co.uk/leaseback.