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Commercial Automotive Leasing Services Since 1955 GT Leasing now offers you a timely fleet management tool. Sale and Leaseback enables a business to free up capital trapped in the rolling fleet. This is an efficient technique that enables you to inject cash back into your business, improve cash flow, remove liabilities from your balance sheet and provide access to a professional management team. This exercise can often raise cash even for fleets that are currently financed at a bank or leasing company by renegotiating lower interest rates and/or lengthening near end of term leases or installment contracts. The process also results in an assessment of your fleet and if necessary disposal of any vehicles deemed unnecessary or deemed obsolete. If needed, we can replace them with new or even other used units that may fit your needs.

GT Leasing’s Purchase and Leaseback Plan follows the process outlined below, the end to end process is handled quickly and professionally by our transport professional managers, who average 16 years of service with our company.

• We sit down and review with you your existing fleet.

• We purchase the agreed vehicles from your fleet.

• We give your business a cash injection to the value of your vehicles we purchase.

• We assist with the disposal of any aged vehicles and purchase new ones, if required.

• We leaseback your existing vehicles with no disruption to your business.

So what do you need to do to put a sale and leaseback deal into action?

The first step is to bring together all of the essential information about your fleet – such as mileage, registration dates, exact model and general condition.

From there, the leasing company should come up with a valuation of your vehicles. GT Leasing will then make an offer for your fleet, and leasing proposal based on mileage, duration of the term and the estimated future value of the vehicle. As with a traditional lease contract, you pay the difference between the current value and the future (residual) value in monthly installments.

Once an agreement is reached, the buyer will write you a check for the titles. You then start to make your monthly payments and your sale and leaseback deal is under way.

What are the pros and cons of sale and leaseback?

There are many incentives that encourage companies to consider sale and leaseback deals, including:

• Immediate cash injection – The fleet sale enables to put money into other projects.

• Seller remains in day-to-day control of the vehicles sold.

• Improvement of balance sheet through the sale of fixed assets.

• Simpler budgeting – a lease contract will set fixed monthly payments

• New for old – Through sale and leaseback you establish a leasing supplier going forward which allows you to replace the vehicles with new vehicles at the end of the term.

In exchange for the agreed upon cash in the sale – you transfer ownership of the vehicles

Is a Sale and Leaseback right for you?

Any company that requires an immediate cash injection may consider sale and leaseback as an efficient alternative to using lines of credit from banks that are currently reluctant to make loans to small and medium businesses.

This exercise can often raise cash even for fleets that are currently financed at a bank or leasing company by renegotiating more favorable rates and terms.

Furthermore, you now have access to professional fleet management in disposals and replacements as required.

If you think that "SALE & LEASEBACK" could be right for your company click on the "Request a Quote" page or call us.  Credit Application pdf download below to expedite your application.

904-398-5000   or   800-772-4512