Sale & Lease Back
Unlock the wealth in your fleet by switching to a
If you don’t want the burden of managing the lease and
ongoing maintenance of your fleet, a fully maintained
operating lease provides the easy solution.
The Sale and Lease Back enables you to sell your current
vehicles to Endeavour Fleet, providing immediate capital
for use in your business. It provides immediate
management of the fleet, consolidation of fleet running
costs into a single monthly transaction and also removes
your company’s residual risk at disposal.
How does it work?
We buy your existing fleet from you using recognised industry guidelines for valuations or the written down value.
The vehicles are then leased back to you under an operating lease agreement. This means we retain ownership and the residual risk of the fleet.
Benefits to business
Switch your whole fleet – changeover your entire fleet to an operating lease without any operational implications for your vehicles and drivers.
Access your working capital – sell your fleet to Endeavour and free up capital to invest in your core business.
Remove vehicles from balance sheet – by taking vehicles of your balance sheet you won't have the burden of owning ageing assets. Plus you'll have access to your cash resources. Ask your accountant for details on the financial advantages of an operating lease.
One easy monthly payment – one fixed monthly payment covers your fleet. You can even put an end to fluctuating running costs by including fleet maintenance in your fixed monthly rental.
Eliminates your residual risk – remove the exposure to unexpected losses on the sale of vehicles at the end of their productive life.
Simple application – one credit application can cover all your vehicle requirements.
Access discounts through our purchasing power – you'll benefit from our expertise in fleet management and purchasing power. We'll find the right vehicles for you so you’ll be free to focus on your business.
Reduce administration – timely reports and updates including kilometres travelled, FBT reporting, fuel management and vehicle registration. All so you can keep track of your fleet.
Let us help free up your
Unlock the wealth in your fleet by switching to a lease agreement. The Sale and Lease Back enales you to sell your current vehicles to Endeavour Fleet, providing immediate capital for use in your business.
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