Sale & Leaseback
Sale and Leaseback provides the opportunity for those companies who historically have outright purchased their fleet, to sell the existing fleet to Leasedrive Velo who, in turn, will lease back the fleet to the client. This enables the client to free up working capital and opt for a more efficient form of vehicle funding by removing the vehicles from the balance sheet (subject to replacement funding method). Whilst Contract Hire is the most popular form of funding a Sale and Leaseback, Leasedrive Velo can offer a variety of other funding methods.
Sale and Leaseback can be combined with a number of other optional services provided by Leasedrive Velo such as:
- Car policy management
- Service, maintenance and repair
- Client services
- Driver services
- Accident management
- Fuel card management
Key Features
- Releases working capital and improves company liquidity
- Improved budgeting
- Option to remove residual value risk
- Greater tax efficiency
- Reduces administrative burden
System
The billing and accounting procedures are managed through ALFA, the industry leading asset finance system, providing a robust financial platform. The ALFA system is complimented by Drive:Manager™, a web-based front-end, developed by epyx providing integrated vehicle procurement, ordering, policy management, service, maintenance and repair, records management and detailed management reporting.
This provides Fleet Managers with a desktop tool to assist them in the running of their fleet and drivers with the ability to compare and order vehicles, progress orders and book routine services. Drive:Manager™, is password protected and, as it is internet-based, it is available 24 hours a day, 365 days a year. Detailed interactive management reporting is available utilising Info:Manager™.
