Lloyds TSB Autolease is reporting record interest in sale and leaseback agreements.
In the last two months, the bank-owned leasing company has purchased £10 million worth of company-owned vehicles. These have all been on a sale and leaseback basis.
Sale & leaseback deals grow in popularity
By selling the vehicles, the UK firms involved have benefited from valuable cash injections.
Colin Thornton (pictured above), channel sales director, Lloyds TSB Autolease commented: “Sale and leaseback is definitely one of the fastest growing parts of our business.
“The credit squeeze is forcing companies of all sizes to examine the value wrapped up in their assets. And seek ways to release it without compromising operating efficiency.
“Sale and leaseback fits the bill perfectly. It’s a convenient way to shift the risk of ownership. And release cash for investment into other areas of the business, or finance debts. There’s a real appetite for it.”
Further information
For more on sale and leaseback go to our Advice Centre article What is a sale & leaseback?
